Mortgage Loan Originator

Interra Brand•Goshen, IN

19d

About The Position

As a Mortgage Loan Originator, you will be responsible for initiating the residential mortgage process for potential members, preparing, analyzing, and verifying mortgage loan applications for the purchase or refinance of real estate. Accountable for originating first and second mortgages by soliciting new residential mortgage business from external sources to include, but not limited to, realtors, builders, and other referral sources. Maintain outside working relationships and promote the Credit Union's products and services. Direct Reports: None HOW YOU WILL MAKE AN IMPACT - Meets with and interviews potential and current members to understand their lending needs including first mortgages and refinance of existing loans. Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on member specifications. Assists members with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness. - Reviews loan applications, gathers credit histories and reports, and assesses applicants’ capacity to repay and default risk. Originate residential mortgage loans in applicable systems, provide disclosures and required documentation, obtains proper signatures following regulatory timeline requirements. Keeps members and realtors up to date on the status of their loan application. Attends title company closing, as needed. - Identifies cross-sell opportunities and educates members on credit union products and services. Meets required annual cross sales expectations on an ongoing basis. Follows up on internal referrals. - Maintains and strengthens relationships with existing member base. Follows up with members after closing to identify additional needs or to answer questions. Returns member phone calls and emails the same day, but no later than the next business day, after the message is received. - Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages. - Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of Credit Union services for residential mortgages. - Works with various mortgage staff members to validate the underwriting worksheet to include, but not limited to, aggregate borrowing totals, purpose, cash flows and ratios. Submit loans to processing over to Underwriting staff. Provide assistance in the documentation, processing, and closing of mortgage loans. - Performs other duties as assigned. - Must comply with all company policies and procedures, applicable laws, and regulations, including but not limited to the Bank Secrecy Act, the USA PATRIOT Act, the Office of Foreign Assets Control, Home Mortgage Disclosures (HMDA), Servicemembers Civil Relief Act (SCRA), and Military Lending Act (MLA). Assists the Credit Union to be in compliance with all current and pending applicable rules, laws and regulations.

Requirements

3+ years mortgage loan, sales, or related experience.
Experience with Federal Housing Authority (FHA), Veterans Affairs (VA), and Federal National Mortgage (Fannie Mae), construction loans, bridge loans, and reverse mortgage loans is required.
This level of knowledge is acquired through completion of a required Bachelor's degree in Finance, Business Management, Business Administration or related field.
NMLS and State Licensing Required: Incumbents are required to maintain their registration active, and current, with the National Mortgage Licensing System throughout their employment.
Must have and maintain a valid driver's license.

Nice To Haves

Excellent interpersonal and customer service skills.
Excellent organizational skills and attention to detail.
Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans.
Professional level of verbal and written communication skills are essential to the position.
Advanced proficiency in Microsoft Office (Outlook, Word, Excel, PowerPoint).
Demonstrated knowledge of Credit Union regulations, products, policies, procedures, and services.
Advanced and comprehensive knowledge of all product offerings.
Ability to deal with complex problems involving multiple facets, variables, and situations.
Ability to provide world class member service while executing Interra’s vision, mission, and delivery of Core Values.
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust.
Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.

Responsibilities

Meets with and interviews potential and current members to understand their lending needs including first mortgages and refinance of existing loans.
Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on member specifications.
Assists members with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
Reviews loan applications, gathers credit histories and reports, and assesses applicants’ capacity to repay and default risk.
Originate residential mortgage loans in applicable systems, provide disclosures and required documentation, obtains proper signatures following regulatory timeline requirements.
Keeps members and realtors up to date on the status of their loan application.
Attends title company closing, as needed.
Identifies cross-sell opportunities and educates members on credit union products and services.
Meets required annual cross sales expectations on an ongoing basis.
Follows up on internal referrals.
Maintains and strengthens relationships with existing member base.
Follows up with members after closing to identify additional needs or to answer questions.
Returns member phone calls and emails the same day, but no later than the next business day, after the message is received.
Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.
Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of Credit Union services for residential mortgages.
Works with various mortgage staff members to validate the underwriting worksheet to include, but not limited to, aggregate borrowing totals, purpose, cash flows and ratios.
Submit loans to processing over to Underwriting staff.
Provide assistance in the documentation, processing, and closing of mortgage loans.
Performs other duties as assigned.
Must comply with all company policies and procedures, applicable laws, and regulations, including but not limited to the Bank Secrecy Act, the USA PATRIOT Act, the Office of Foreign Assets Control, Home Mortgage Disclosures (HMDA), Servicemembers Civil Relief Act (SCRA), and Military Lending Act (MLA).
Assists the Credit Union to be in compliance with all current and pending applicable rules, laws and regulations.