Branch Mortgage Loan Originator
About The Position
The Mortgage Loan Originator-Branch (MLOB) supports retail branches by originating first and second mortgages through retail referrals. They are organized, self-motivated, and possess strong communication skills, building effective relationships with both branch staff and members. The MLOB trains and supports retail staff in identifying members’ mortgage needs. They counsel members, take applications, perform preliminary underwriting, and submit files to processing and underwriting for approval. As the primary point of contact, the MLOB works closely with members and realtors to ensure all required documents for processing, underwriting, and closing are collected promptly.
Requirements
- High School or equivalent
- Minimum of two years mortgage experience as a Mortgage Loan Originator or Mortgage Loan Assistant III or higher
- Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA)
- Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us.
Nice To Haves
- Experience with FNMA Desktop Underwriter, FHLMC, FHA, and VA, Encompass and Mortgage processing systems desired.
Responsibilities
- Meet with members to gather financial and personal information, assess their mortgage needs, and recommend suitable loan products.
- Use active listening and consultative techniques to understand member goals, explain available options, and guide them toward informed borrowing decisions that align with their financial situation.
- Monitor on-line queue of member originated loans, input member loan applications into on-line loan system, reviews files for completeness and accuracy, and delivers TIL disclosures within 72 hours of application date
- Communicate with loan processors and closers regarding any outstanding items and/or additional documentation needed
- Request additional information needed from member, communicate terms and conditions of loan approvals, and assist with processing and loan closing member coordination
- Identify opportunities to cross-sell additional credit union products to ensure a holistic approach to member financial wellness
- Keep informed of current trends in mortgage lending and market factors affecting mortgage lending
- Partner with the branch manager, attend branch meetings when appropriate, help coach branch staff to identify potential mortgage opportunities for members and educate retail staff about mortgages.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
