Mortgage Loan Officer

MERITRUST CREDIT UNION•Wichita, KS

About The Position

Originates mortgage loans. Develops referral relationships with realtors, builders, bankers, and other sources to proactively solicit business and conduct sales-related activities to meet specific loan volume origination goals. Takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing. This position contributes to a positive relationship between the community, member, and the credit union.

Requirements

High school diploma or equivalent
Knowledge of state, federal, and FannieMae/FreddieMac rules and regulations
Have familiarity with conventional and government mortgage loan programs (FHA/VA/USDA) and guidelines
Ability to work and apply mathematical concepts such as multiplication, division, addition, subtraction, fractions, percentages, ratios, and proration's in calculating mortgage payments and loan estimates
Attention to detail
Knowledge of first mortgage products and underwriting guidelines
Proficient in Encompass LOS
Knowledge of loan policy, procedures, and guidelines
Understanding of regulatory and legal requirements
Proficient with Desktop Underwriter and Loan Prospector
Ability to work without supervision, multi-task, and prioritize
Knowledge of data processing on-line systems
Substantial knowledge of credit union policies and services
Clear verbal and written skills
Ability to deal effectively and tactfully with members and staff at all levels
Ability to communicate with members in common language
Ability to deal with conflict and problem solve effectively
Must be able to type 50-55 WPM with a 97% accuracy rate.

Nice To Haves

Minimum 2 years mortgage lending experience
National Mortgage Licensing System and Registry (NMLS) registration

Responsibilities

Provides excellent service to both new and established members
Originates loans and assists members with the loan application including explanation of first mortgage process and products while assuring compliance with PMCU, state, federal, investor and TRID standards
Completes loan app, input fees, and generates loan disclosures in accordance with TRID guidelines
Collect and analyze prospective clients, credit, liabilities, income, and assets to determine credit worthiness
Order and understand residential appraisal reports
Price and lock loans
Complete HMDA on adverse loans
Understand and manage mortgage loan deadlines to ensure purchase contract compliance and closing dates
Submit complete file to processing within 48 hours of lock
Provide continuing counsel and customer service to borrower throughout the entire loan process
Assist walk-in members and telephone inquiries as needed
Maintain consistent communication with members and operations staff
Develops and maintain relationships with potential new business referral partners, realtors, builders, and community relationships
Develop individual Sales Plan to generate additional business
Assist in the marketing effort including SEG presentations, first time home buyer seminars, and community functions
Participates in on-going training classes and workshops
Maintains a professional image and standards consistent with company policies and procedures.
Respects confidentiality of information handled
Performs other duties as assigned