External Mortgage Loan Officer (Seattle Area)

Seattle Credit Union•Seattle, WA

11d•Hybrid

About The Position

The Mortgage Loan Officer will contribute to the team through their responsibility for originating quality residential mortgage loans under a variety of programs by establishing a solid referral base. Join a mission-driven credit union where you'll have the flexibility to grow your referral network, build lasting relationships, and help members achieve homeownership while being supported by a collaborative team and competitive product offerings.

Requirements

At least three years of residential lending sales experience which includes consistently meeting established sales / production goals.
Strong interpersonal and communication (verbal/written) skills and the ability to work in a diverse community.
Proficiency in standardized software applications, including Microsoft Word, Excel, PowerPoint and Outlook.
Basic ability to analyze personal and business financial documents
Knowledgeable in regulatory, policy and compliance issues pertaining to the mortgage industry.
Thorough knowledge of all mortgage products and programs.
Good analytical skills necessary to evaluate credit requests and determine trends in a given market place.
Possesses excellent organizational and time management skills.
Associates Degree
Ability to work independently and prioritize workload.
Ability to handle stress in a high volume and fast paced environment
Ability to communicate with tact, discretion, and courtesy within and outside the organization.
Professional appearance and demeanor.
Ability to perform basic math calculations (addition, subtraction, multiplication, division, percentages, debt ratios).

Nice To Haves

Bachelors Degree preferred
Required experience includes producing work that meets sales goals and meets all compliance requirements (RESPA, Reg Z, HMDA, Reg B)
Solid knowledge and experience originating mortgage loans for FHLMC/FNMA, FHA and VA is preferred.
Knowledge of the Secondary Market

Responsibilities

Responsible for producing high quality loans which meet investor guidelines and Seattle CU’s lending policy, while providing excellent member service.
Responsible for meeting minimum sales production goals set by Sr. Management.
Establishes and maintains a network of internal and external referral sources, to include individual and organizations likely to produce mortgage referrals such as Real Estate Brokers, Attorneys, Accountants, Builders, Financial Planners , and other business professionals.
Promotes Seattle CU’s residential loan products by maintaining regular contact with referral sources to generate new mortgage business.
Originates mortgage loans, pre-qualifies borrowers, counsel prospective buyers to resolve needs and match with appropriate Seattle CU programs.
Plan, coordinate and participate in activities which promote homeownership, including homebuyer seminars, home shows, broker’s meetings and other home financing workshops.
Maintains community involvement by serving on boards of organizations in relevant Credit Union approved areas to positively represent the Seattle CU in the local community.
Ensures quality and timeliness of mortgage application documentation. Follows up with applicants for information as needed.
Maintains extensive knowledge of Seattle CU’s mortgage and other company products and services; maintains general knowledge of the mortgage industry, including maintaining in-depth knowledge of state and federal mortgage laws and regulations.
Responsible for complying with SAFE Act legislation, which requires annual registration renewal as a Mortgage Loan Originator (MLO).
Completes Product/Service Knowledge Assessment within 90 days of employment with a score of at least 80%.
Responsible for compliance and generating accurate loan disclosures in a timely manner including RESPA, Reg Z, HMDA and Reg B.
Effective pipeline management. Works with processor to effectively manage expected closing dates, provides timely and accurate information to borrowers and real estate brokers to minimize customer service issues and provide overall quality customer service.
Demonstrates commitment to SCU Values.
Maintain regular and punctual attendance.
Other duties as assigned.