Mortgage Loan Officer
About The Position
Responsible for the origination of mortgage and real estate loans for members and prospective members. Conducts initial pre-qualification and prepares complete loan application packages and necessary documentation. Communicates policies for extension of credit in accordance with Credit Union and secondary investor guidelines. Adheres to documentation requirements, and production expectations as determined by the VP of Mortgage and Chief Lending Officer. Addresses and responds to members and prospective members promptly and professionally. Provides general Credit Union information and cross-selling services. Ensure compliance with applicable federal regulations and credit union policies. Comply with SAFE Act legislation, requiring annual Mortgage Loan Originator (MLO) registration.
Requirements
- Minimum of two years previous experience originating first and second lien mortgage and real estate loans is required.
- Experience with Fannie Mae, Freddie Mac or FHLB is required.
- A two-year college degree or (2) Completion of a specialized course of study at a business or trade school or (3) Completion of a specialized and extensive in-house training or apprenticeship program.
- Demonstrated ability to quickly learn and utilize the necessary software to complete job functions, especially Credit Union's mortgage end loan origination and processing systems, along with third party web sites.
- Demonstrated ability to understand and analyze information in order to review credit reports, automated underwriting decisions, and other mortgage related documents.
- Demonstrated ability to adhere to federal and state regulations/laws.
- Demonstrated basic knowledge of Microsoft office products.
- National Mortgage Lending System registration required to be in compliance with the SAFE Act.
Nice To Haves
- Experience with FHA, VA and USDA preferred.
Responsibilities
- Originates first and second mortgage and real estate loans from members.
- Explains the credit union's mortgage and real estate programs and aids in the selection of mortgage products.
- Reviews loan conditions with borrowers and collects required documentation in conjunction with the mortgage processor.
- Manages personal loan pipeline and communicates loan status to borrowers, and related parties such as real estate agents, builders, etc., and follows up appropriately with leads and applications.
- Identifies opportunities and assists in introducing borrower to branch personnel to expand the relationship beyond the mortgage loan.
- Maintains effective working relationships with other employees to provide mortgage knowledge and generate application referrals.
- Performs other job-related duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
