Mortgage Loan Officer, Montgomery NE, Bilingual Encouraged

Rio Grande Credit Union

Job Title: Mortgage Loan Officer

Department: Mortgage

Reports To: Mortgage Manager

FLSA Status: Non-Exempt

Grade:9

Minimum Starting: $21.67 / hour

Originates real estate loans in accordance with federal guidelines and established lending objectives, policies, and procedures

include the following. Other duties may be assigned. This job description in no way implies that the duties listed here are the only ones the employee can be required to perform. The employee is expected to perform other tasks, duties and training as dictated by their supervisors.

• Interview loan applicants and request appropriate credit documentation.
• Analyze applicant's financial status, credit, and proposed transaction to determine feasibility for loan approval.
• Request documents such as income tax return, bank account number, purchase agreement, and property description, for verification.
• Prepare up-front disclosure package and ensures compliance requirements are met.
• Answer applicant's questions and obtain signatures on loan application, disclosures, and authorization forms.
• Perform cursory review of credit, income, asset, and property documentation to submit an approvable package to underwriting
  
  Informs applicant of closing costs such as appraisal, credit report, and notary fees.
• Determines which product the applicant qualifies for and if they meet established standards for further consideration
• Submit complete application forms to Mortgage Loan Processor for verification of application information.
• Coordinate with Mortgage Loan Processor to ensure loan is handled in a timely manner.
• Handle correspondence with applicant with regard to locking of loan.
• Access to FNMA/DU for pricing on FHLB or 30-year Portfolio
• Correspond with applicant to resolve question and discrepancies, such as credit report showing late payment history.
• Analyze and comprehend complex financial data and provide financial alternatives. Maintain professional appearance of work area and notifies supervisor when supplies are necessary.
• Inform applicant of loan approval, denial, and/or outstanding conditions.
• Promote and develop relationships with referral sources such as branch personnel, realtors, builders, mortgage companies and other affinity groups to generate mortgage leads.
• Manage a heavy pipeline of loans.
• Comply with continuing education requirements for the SAFE Act policy NMLS Licensing
• Assist in any other area as directed by Mortgage Manager, Vice President of Lending, Or President/CEO.
• Accurately identify all members using RGCU approved types of identification for all transactions.
• Ensure that all CIP information for new accounts is complete prior to proceeding with a mortgage loan.
• Properly update all necessary CIP information in the core processor for prime and joint members and customers on all accounts for all transactions.
• Accurately perform OFAC during transactions such as but not limited to: opening new accounts; adding individuals to an account or shares; producing cashier's checks or money orders; initiating wires, etc.
• Ensure that all accounts, loans, and transactions are reviewed for the appropriate red flags.
• Report all suspicious activity to the Risk Management department via the compliance group email

This job has no supervisory responsibilities.

To perform the job successfully, an individual should demonstrate the following competencies:

Business Acumen - Understands business implications of decisions;
Displays orientation to profitability;
Demonstrates knowledge of market and competition;
Aligns work with strategic goals and complies with all Federal and State compliance policies.

Oral Communication - Speaks clearly and persuasively in positive or negative situations; projects a positive and professional image; listens and gets clarification; responds well to questions; demonstrates group presentation skills; participates in meetings.

Organizational Support
- Follows policies and procedures;
Supports organization's goals and values;
Ensures that loans are processed in accordance with the Credit Unions policies and procedures

Quality Management - Looks for ways to improve and promote quality;
Demonstrates accuracy and thoroughness;
Applies feedback to improve performance;
Monitors own work to ensure quality.

Technical Skills - Assesses own strengths and weaknesses;
Pursues training and development opportunities;
Strives to continuously build knowledge and skills;
Shares expertise…