Mortgage Loan Originator

First South Financial Federal Credit Union•Bartlett, TN

4d•$36,000 - $46,000•Onsite

About The Position

The Mortgage Loan Officer (MLO) proactively solicits residential mortgage business and sells in-house and secondary market mortgage products to meet established production goals. They will continually identify, develop and maintain a network of real estate professionals that serve as a recurring source of referrals for new mortgage lending opportunities. The MLO responds to member inquiries and referrals that can come from Credit Union employees or from their own referral sources. The MLO should provide excellent customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to HMDA.

Requirements

One-year minimum mortgage processing experience with a working knowledge of FNMA, FHLMC, FHA, USDA and VA loan products.
High school diploma or equivalent.
Working knowledge of first-mortgage real estate lending practices, including federal regulatory requirements, state regulations and agency requirements.
Proficient analytical skills, with a high degree of accuracy.
Proficient in Microsoft Office 365
Proficient in using office equipment, including computers, calculators, fax machines, copy machines, etc.
Ability to perform both in a team environment and independently as needed.
Ability to perform in a multi-task environment, with the ability to prioritize tasks.
Proven experience in meeting sales goals, goal-setting and member relations.
National Mortgage Licensing System Requirements.

Nice To Haves

Associate’s degree preferred.
Mortgage sales experience in conventional, FHA, USDA and VA products preferred
Working knowledge of Down Payment Assistant Program in states in which we have a footprint
Excellent oral and written communication skills.

Responsibilities

Develop referral relationships through marketing, prospecting and networking activities
Participate in events that promote home ownership
Meet with prospective members and review/analyze credit and financial data provided
Determine the members financing and objective goals
Explain guidelines for in-house and secondary market products so the member can make an informed choice of the product that best suits their needs
Discuss pricing options and lock the members interest rates as directed by the member
Collect supporting documentation as required and provide complete package to the LOA
Work with LOA, Processors, and Closer to ensure all conditions are met to obtain a clear to close and all the way through Closing
Attend as many loan closings as possible to ensure member satisfaction throughout
Complete all required First South compliance training in a timely manner
Maintain thorough knowledge of lending programs, policies and procedures
Perform all job functions in accordance to First South Financial policies and procedures
Perform other duties as assigned.