Mortgage Loan Officer

Maine Savings Federal Credit Union • Portland, ME

7d

About The Position

Join the Maine Savings team as a Mortgage Loan officer in the Portland or Bangor market!

What You'll Do:
Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet credit union and governmental standards. Approves or rejects loan application or requests additional information. Establishes terms and conditions of an approved loan and reviews with member.
Cross-sells other credit union services.
Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
Develop relationships with the Real Estate Broker community to create a network of contacts and referral sources.
Actively solicit opportunities to provide all types of government loans including FHA, Rural Development, VA, MSHA, etc.
Interviews loan applicants to record income, debt and credit history and requests appropriate documentation to verify the accuracy of information provided, including tax returns, bank accounts, purchase agreements, and property descriptions, and other required documents.
Submits application forms to CUSO Mortgage for verification of the application information and subsequently informs the applicant of loan denial or acceptance.
Determines if the applicant meets Credit Union standards for further consideration and/or calls applicant or other person(s) to resolve discrepancies. Informs the applicant of closing costs, such as appraisal, credit report, and notary fees. Answers applicant's questions and asks for signature on information authorization forms.
Performs other duties as assigned by supervisor.

Requirements

• Five to ten years of similar or related experience preferred.
• A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work may involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary. This will be accomplished through the development and retention of a network of professionals and through frequent and regular community involvement.
• Knowledge of the secondary market and experience with first and second mortgage residential real estate lending.
• Must be proficient in all applications of the Micro-soft Office Suite.
• Must have excellent communication skills.
• Required to have or attain the NMLS registration.

Responsibilities

• Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet credit union and governmental standards.
• Approves or rejects loan application or requests additional information.
• Establishes terms and conditions of an approved loan and reviews with member.
• Cross-sells other credit union services.
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Develop relationships with the Real Estate Broker community to create a network of contacts and referral sources.
• Actively solicit opportunities to provide all types of government loans including FHA, Rural Development, VA, MSHA, etc.
• Interviews loan applicants to record income, debt and credit history and requests appropriate documentation to verify the accuracy of information provided, including tax returns, bank accounts, purchase agreements, and property descriptions, and other required documents.
• Submits application forms to CUSO Mortgage for verification of the application information and subsequently informs the applicant of loan denial or acceptance.
• Determines if the applicant meets Credit Union standards for further consideration and/or calls applicant or other person(s) to resolve discrepancies.
• Informs the applicant of closing costs, such as appraisal, credit report, and notary fees.
• Answers applicant's questions and asks for signature on information authorization forms.
• Performs other duties as assigned by supervisor.

Benefits

• Maine Savings offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree
• Number of Employees: 11-50 employees