Job Description

Mortgage Loan Officer job summary

We are seeking an experienced mortgage loan officer with strong marketing, communication, and analysis skills to join our team and assist loan applicants in securing the ideal mortgage for their new home purchase. Our organization provides the support, and tools you need to bring your business to the next level. If you are passionate about providing top-notch service to your clients and have a proven track record of retaining and building your client list, please start your application today!

Pay

• Base Salary plus commission on closed mortgage loans originated per signed mortgage origination compensation agreement

Duties and Responsibilities:

• Inform and council members regarding Conventional, FHA, and VA loan programs so that the member can make an informed choice of the program that best suits their needs.
• Interview applicants and request information for loan application. Interview applicants to resolve questions regarding application information. Review and analyze the member's financial condition, including credit history, credit score, debt-to-income ratio, collateral, and other financial information to assess the degree of risk and the member's ability to repay the loan.
• Discuss pricing options and lock the member's interest rate as directed by the member.
• Collect supporting documentation as required. Fulfill submission, conditional approval, and closing requirements for loan files.
• Complete or direct the completion of all initial, pre-closing, closing, and post-closing loan documents. Ensure documentation is complete, compliant, and accurate. Meet with the member to explain the terms and conditions of the loan.
• Monitor and oversee each loan from application to funding. Continually update members and others involved in the transaction on the process progression, loan status, potential roadblocks, important dates, etc.
• Monitor and manage mortgage pipeline to ensure closing deadlines are met.
• Participate in events that promote home ownership and/or offer networking opportunities.
• Be actively involved in area organizations, such as chamber of commerce, realtors' association, builders' association, etc.
• Develop and maintain referral sources, members, and third-party vendor relationships.
• Proactively mine credit reports for referral opportunities.
• Notary Public
• Perform general clerical/administrative duties
• Additional duties as assigned. This list is a general outline of the duties and responsibilities for this position. Duties and responsibilities are subject to change and may be revised by management at any time

Qualifications

• Ability to effectively establish rapport, present information, and respond to member questions
• Ability to define problems, establish facts, and draw valid conclusions
• Ability to perform mathematical calculations. Collect, interpret, and analyze data
• Ability to interpret an extensive variety of documents relating to credit and income
• Ability to make practical and timely decisions and explain reasoning for decisions
• Ability to effectively and efficiently multi-task
• Ability to present a positive and professional image
• Intermediate to higher knowledge level of all RESPA, HMDA, Fair Lending, ECOA, HUD, and VA rules and regulations
• Intermediate or higher knowledge level of Zenly or equivalent Mortgage Loan Origination Software, desired but not required
• Intermediate or higher knowledge level of mortgage program guidelines and matrices and industry standards and regulations, desired but not required
• Strong knowledge of Microsoft Excel, Word, and Outlook
• Strong active listening skills
• Strong self-motivation skills
• Confident and articulate communication skills
• Strong verbal, written, and interpersonal skills
• Strong customer service and relationship-building skills
• Strong organizational and time management skills
• Strong work ethic required, including the ability to consistently arrive at work on time as scheduled and ability to work flexible hours and overtime as needed
• Bond-ability is required of all employees working at the credit union
• High school diploma or equivalent
• The ability to obtain an NMLS number. The NMLS web site provides the MU4R questions and registration required for employment in this position
• Two years of Mortgage Loan Processing, Underwriting, or Origination experience preferred, but not required
• Four years of credit union or banking experience desired, but not required

Job Type: Full-time

Pay: $40,000.00 - $55,000.00 per year plus commission

Benefits:

• 401(k)
• 401(k) 3% Match
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Compensation Package:

• Base Pay
• Commission Pay
• Credit Union Pays 90% of Health Insurance Monthly Premium
• Sick Time
• Vacation Time

Schedule:

• 8:15 am to 5:15 pm, Monday to Friday

Work Location: In person

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