Mortgage Banker
About The Position
FreeStar Financial Credit Union is looking for a dynamic Mortgage Lender in our Real Estate Lending Department. If you would love to use your skills in service and mortgage lending, this position may be the role for you! The primary purpose of the Real Estate Lending Originator is to interview residential mortgage loan applicants for new purchase, refinance, and Home Equity loans while determining the loan product that will best meet their needs. Perform an initial analysis of the loan application to determine the applicant meets minimum requirements, while building a strong relationship with applicants from initial meeting through closing.
Requirements
- High School Diploma or equivalent.
- Minimum of two years of similar or related experience in the financial industry.
- Must have knowledge of various federal regulations and the responsibilities relating to each act of the following: Right to Financial Privacy Act, Regulation C (Home Mortgage Disclosure Act - HMDA), Regulation CC (Funds Availability), Regulation Z (Truth in Lending), Bank Secrecy Act (BSA).
Responsibilities
- Determine financing objectives and goals, conduct the loan interview, and obtain the member information necessary to initiate a loan transaction.
- Analyze member mortgage applications including reviewing and analyzing credit, suggesting best mortgage product based on member's needs and financial goals, gathers financial data, obtain information from member to resolve discrepancies such as late payment history, judgments, etc., and communicate loan decisions.
- Educate and update member regarding the mortgage loan process, timing, and closing costs.
- Summarize the loan request and submit to the lending committee for decision.
- Track loan request, maintain a conversation tracking log, contact the member with the decision, and follow up to obtain completed loan applications.
- Meet the average minimum originations volume and closing standards each month as defined in the Real Estate Lending department sales standards.
Benefits
- 120 hours PTO in the 1st year
- Affordable healthcare/dental/vision available at 30 days
- 401k with up to 6% match
- Up to a 5% annual incentive bonus
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
