Mortgage Loan Originator

Red River Employees Federal Credit Union • Paris, TX

12d • Onsite

About The Position

Responsible for originating real estate loans. This role involves managing the entire loan application process from initial contact to setting up the loan in origination software. The originator will work closely with processors and closers, maintain investor relationships, and provide a high degree of customer service. A strong understanding of mortgage industry standards, guidelines, and real estate procedures is essential.

Requirements

• Minimum of three to five years of experience in the mortgage industry at a credit union or other financial institution.
• High school diploma or the equivalent.
• Competent computer skills and use of standard office equipment.
• Ability to meet, speak, and deal effectively with people in person and over the telephone, being professional always.
• Must maintain a neat and professional appearance.
• Ability to operate normal office equipment.
• Some lifting, not to exceed 25 pounds.
• Ability to follow the core values of Team-Focused, Excellence, Authenticity, and Leading in Innovation.

Responsibilities

• Originates mortgage loan applications per FNMA, Freddie Mac, FHA, VA, and USDA guidelines, including Purchase, Refinance, and New Construction loans.
• Orders credit reports, provides initial disclosures, collects income and asset documentation, and verifies identity in accordance with the Patriot Act.
• Sets up each prospective loan in the origination software prior to processing.
• Possesses basic knowledge of real estate procedures and guidelines regarding appraisals, surveys, title work, inspections, and real estate contracts.
• Works closely with the Real Estate Loan Processor and Closer within the department.
• Maintains investor relationships regarding rate locks and investor-specific software, and stays informed of program changes.
• Provides a high degree of customer service and extensive knowledge of mortgage industry standards and guidelines.
• Has basic knowledge of analyzing tax returns for self-employed members and is familiar with acceptable documentation per Secondary Market guidelines.
• Discusses member-specific details regarding credit reports, debt ratios, and basic home ownership counseling.
• Maintains relationships with title companies, realtors, appraisers, surveyors, etc., for referrals to the Real Estate Department.
• Performs other related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED