MORTGAGE LOAN ORIGINATOR

Freedom Credit Union • Springfield, MA

4d • Onsite

About The Position

Originates first and second mortgages. Solicits new mortgage business, maintains good outside working relationships, and promotes the organizations products and services. Spends a significant amount of time doing inside sales activities.

Requirements

• One to two years of similar or related experience, including time spent in preparatory positions.
• Knowledge of Fannie Mae and Freddie Mac guidelines is required.
• Incumbents are required to maintain their registration active, and current, with the National Mortgage Licensing System throughout their employment.
• Ability to sit and/or stand for long periods of time; reach with hands and arms.
• Sustains repetitive motions while using computer keyboard.
• Close vision for the computer screen is also required.
• Bends, stoops, kneels, pushes and pulls while filing or moving supplies.
• Occasionally lift and/or move up to 30 lbs.

Nice To Haves

• Bi-lingual skills are a plus.
• A college degree preferred but experience may substitute with appropriate experience.

Responsibilities

• Determine financing objectives and goals. Conducts the loan interview and secures the member information necessary to initiate a loan transaction. Provides loan information and service to customers, realtors, and others as needed.
• Receives and screens loan applications. Pulls, review and analyzes credit. Gathers financial data. Notifies client to resolve discrepancies such as late payment history, judgments, etc. Discusses options. Informs client of closing costs such as appraisals, and attorney fees.
• Prepares records and reports as requested regarding loan origination and closing activities as needed.
• Collects supporting loan documentation. Requests a personal employment and credit check of the applicant, requests an appraisal on the property and/or construction plans under consideration.
• Maintain constant communication with clients via email, phone and mail form application to closing and post-closing. Communicate with attorneys, realtors, appraisers and vendors pertaining to specific client needs.
• Maintains contacts and good working relationships with real estate brokers, attorneys, and builders to assure a favorable image of the organization and to provide information regarding current loan policies and procedures.
• Receives inquiries from prospective members regarding all types of mortgage, provides requested information regarding the organizations lending policies and procedures.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree