Senior Mortgage Loan Specialist

State Employees' Credit Union•Leland, NC

About The Position

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team! Purpose The Senior Mortgage Loan Specialist must have a thorough knowledge of all aspects of real estate lending and servicing. The position requires advanced knowledge of income and secondary market standards and the ability to perform with a high level of accuracy. The senior level position is proficient in real estate subject matters and can assist Associate MLS and MLS with complex lending scenarios and decisions.

Requirements

Must have high school diploma or GED equivalent.
All of the modules at the Assoc. MLS and MLS levels must have been completed prior to appointment to Sr. MLS: Checking Accounts Member Eligibility Money Market Share Accounts SECU Policies Overview Share Accounts Lending Overview NCUA Coverage Cooperative Principles Online Services We Are SECU! SECU’s Member-Facing Websites Branch Security Measures Account Titling & Designations Funds Transfer Member Identification Check Acceptance MARGO Platform Account and Profile Maintenance Advances Safe Deposit Boxes Wires Credit Cards Estate Basics Financial Advisory Services (FAS) Overview Life Stages & Events
Has demonstrated proficiency in all aspects of the Associate MLS and MLS roles.
Minimum of 5 years’ mortgage lending experience strongly preferred.
Minimum tier 3 lending limits.
Demonstrated proficiency at current lending approval authority.
Must possess the highest level of integrity and objectivity.
Must possess excellent communication skills, both verbal and written.
Must be able to communicate with SECU personnel, VPs, SVPs, attorneys, members, appraisers, realtors, etc.
Must have strong networking and relationship development skills.
Meets compliance and regulatory standards.
Makes lending decisions consistent with SECU loan policies.
Has or is eligible to be registered as an active MLO with the NMLS.
Must be organized and meticulous.
Must be willing to engage in ongoing training and professional development.
Must have basic computer skills with an ability to learn more complex software for processing of applications and completing loan servicing.
Has completed all required quarterly training courses & other training assigned by management.
Consistently demonstrates SECU’s Core Values.
Recommendation of VP/SVP and RELO VP/SVP required for advancement to this level.
Must be able to speak and write English fluently.
Must understand and be dedicated to the Credit Union philosophy and work ethic.
Must adhere to the work schedule and attendance policies established by the Credit Union.
Must complete the Credit Union’s Core Module Program within 12 months of hire date as a condition of employment.

Nice To Haves

Preferred – Bachelor’s degree, or CCUE Certification, or Associate of Arts degree or Associate of Science degree via the North Carolina Community College Transfer Program (NC-CTP).

Responsibilities

Receive and assist in the completion of real estate loan applications, while serving as the primary point of contact for applicants during the origination process via phone, digital delivery, email, and chat.
Independently assess and underwrite real estate loan applications including but not limited to applicant(s) credit worthiness, ability to repay, collateral valuation, and organizational risk with the ability/authority to extend credit or deny for real estate loan products within assigned tiered approval lending limits.
Communicate approval or denial decisions to members in a clear and professional manner.
Evaluate and verify income documentation, including personal and business tax returns, to make informed approval or denial decisions.
Counsel potential home buyers and existing homeowners, while taking complete and accurate real estate loan related applications and obtaining required documentation to facilitate initial loan approval with assistance as needed.
Seek guidance for complex lending situations and approval authority from a District MLS or above.
Proactively stay updated on market trends, interest rates, and changes in lending policies and regulations to provide members with accurate and timely information.
Assist membership with servicing of existing mortgage and home equity loans.
Follow up with prequalified applicants and on other leads in a timely and effective manner.
Price and disclose loan applications by determining the interest rates and fees associated with a loan, based on factors such as borrower's creditworthiness, loan amount, term, and market conditions.
Coordinate member engagement with the Real Estate Lending Processing Center within Loan Administration.
Maintain a comprehensive knowledge of all real estate lending products, policies, procedures, and regulatory compliance.
Educate members on available services and make referrals for other Credit Union products and services based on their needs.
Ensures well documented, easy to review loan application history notes within the Loan Origination System.
Work with Lending Contact Center to provide assistance with mortgage lending calls when needed.
Support branch employees with all real estate related needs and ensuring employees have the information needed to be comfortable referring all potential applicants to discuss mortgage lending opportunities.
Work various contact and follow-up reports to cultivate member engagement throughout the home buying process and make SECU their lender of choice.
Assist as needed with community engagement by meeting with realtors and other third parties as well as attending community events to build and maintain mortgage loan volume.
Work with lending contact center to provide assistance with mortgage lending calls when needed.
Consumer unsecured lending as assigned.
Answer phone and perform other clerical duties as needed.
Complete additional tasks as assigned by management.