REAL ESTATE LOAN ORIGINATOR
About The Position
Role: To assist members with their mortgage lending needs: analyze loan requests and make credit decisions based on mortgage lending policy. Must continually pursue other avenues to obtain Real Estate loans while promoting the Credit Union. Essential Functions & Responsibilities: Markets the Credit Union's mortgage lending program to companies and individuals within the real estate community. Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet bank and regulatory standards. Approves or rejects loan applications or requests additional information. Establishes terms and conditions of an approved loan and reviews with member. Cross-sells other Credit Union services. Evaluates acceptability of loan to buyers of real estate loans on secondary mortgage markets. Assembles documents in loan file, including acceptance or denial, and returns file mortgage clerk. Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending. Performs other job related duties as assigned. Performance Measurements: Ensure all loan decisions are made within the established time frame and in compliance with lending policies, procedures, rules, and regulations and have zero errors. Communicate loan decision to all involved parties within 24 hours of receipt of mortgage application file. Troubleshoot and resolve member and internal inquiries in a timely, friendly, accurate manner. Meet or exceed the minimum established individual goals each month. Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry. Maintain a professional, courteous, and friendly atmosphere for members and co-workers. This Job Description is not a complete statement of all duties and responsibilities comprising the position.
Requirements
- Three years to five years of similar or related experience.
- A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
- Work involves extensive personal contact with others and is of a personal or sensitive nature.
- Motivating, influencing, and/or training others is key at this level.
- Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
- Knowledge of the secondary market and experience with first and second mortgage residential real estate lending.
- Must have good communication skills; 10-key calculator and keyboard skills required.
Responsibilities
- Markets the Credit Union's mortgage lending program to companies and individuals within the real estate community.
- Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet bank and regulatory standards.
- Approves or rejects loan applications or requests additional information.
- Establishes terms and conditions of an approved loan and reviews with member.
- Cross-sells other Credit Union services.
- Evaluates acceptability of loan to buyers of real estate loans on secondary mortgage markets.
- Assembles documents in loan file, including acceptance or denial, and returns file mortgage clerk.
- Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
- Performs other job related duties as assigned.
- Ensure all loan decisions are made within the established time frame and in compliance with lending policies, procedures, rules, and regulations and have zero errors.
- Communicate loan decision to all involved parties within 24 hours of receipt of mortgage application file.
- Troubleshoot and resolve member and internal inquiries in a timely, friendly, accurate manner.
- Meet or exceed the minimum established individual goals each month.
- Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry.
- Maintain a professional, courteous, and friendly atmosphere for members and co-workers.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
Number of Employees
1-10 employees
