Mortgage Loan Originator - Bilingual

Veridian Credit Union•Des Moines, IA

8h•Hybrid

About The Position

The primary responsibilities of the Mortgage Loan Originator include consulting members on products, taking complete applications, providing initial disclosures, and cross-selling Veridian products. The Mortgage Loan Originator is responsible for producing mortgage loans through relationships with realtors and other referral sources.

Requirements

High School Diploma.
4+ years of lending experience with proven sales success and top producer results.
Proficiency in Microsoft Outlook, Word, and Excel.
Nationwide Mortgage Licensing System ID number.

Nice To Haves

Fluent in Spanish is Preferred
First mortgage origination experience.

Responsibilities

Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations.
Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines.
Interview members applying for mortgage loans and assist them with selecting the appropriate loan program.
Issue prequalification or preapproval letters on pre-purchases.
Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members.
Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system.
Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis.
Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process.
Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments.
Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members.
Provide members with updated disclosures when required and document applicable change in circumstance.
Communicate regularly with members on their mortgage loan, including updates on appraised values, outstanding conditions or stipulations, timing of closing, etc.
Cultivate and maintain relationships with realtors by communicating updates on loans in progress and attending real estate-related functions.
Actively sell products and services offered by the credit union including deposit products, insurance, consumer loans, and investments, to help the member meet their financial goals.
Communicate final loan numbers from the settlement statement with members prior to closing to inform the member of final figures and amount to bring to closing.
Work with members to resolve questions/concerns after loan closing.
Ability, availability, and willingness to work additional hours to accommodate loan volume during periods of peak demand.
Ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.