Mortgage Loan Originator

PENAIR CREDIT UNION•Mobile, AL

8h•$30,000

About The Position

Develops outside community contacts such as realtors, builders, insurance agents, title companies, and other professionals to generate external mortgage leads. Manages leads from internal membership base including developing branch personnel in sourcing internal mortgage leads. Manages relationships with members and potential members via telephone and in-person interviews for first mortgage purchases, construction, and refinance transactions. Counsels with member(s) to provide best program to fit member(s)' needs. Regularly follows-up with borrowers, builders, and realtors on loan applications to convert applications to closed loans.

Requirements

A minimum of one year up to three years of similar or related experience, including preparatory experience.
A high school degree or equivalent. Registered as an active Mortgage Loan Originator (MLO) on the NMLS site. Must renew registration each year and update when changes to name, address, etc. occur.
A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.
Must have professional and effective communication skills, strong computer skills, solid time management skills and ability to analyze and comprehend complex financial data to provide financial alternatives.

Responsibilities

A major component of the Mortgage Loan Originator’s schedule should include outside sales activities including regular calling on relationship partners to maintain existing partnerships and to develop/establish new relationship partners
Meets in-person or by phone to answer general mortgage questions for members, potential members, and branch team members related to purchases, refinances, and new construction.
Analyzes residential loan applications to verify that application data is complete and meets policy and procedure standards (i.e. allowable terms, assets, credit, and length of employment, etc.). Prepares and provides applicants with pre-qualification and denial letters.
Within 3 days of a completed application, assures proper mortgage disclosures are provided to all borrowers. Follow-up with borrowers on completion of initial disclosures and requests minimum support documentation (i.e. income documents, asset statements, etc.) from borrowers. Forwards file to assigned Processor for submission to underwriting.
Works with assigned branch personnel to educate them on basic mortgage products to assist in developing new mortgage leads.
Performs other job-related duties as assigned.