Mortgage Loan Originator

Mortgage Loan Originator – Onsite

Purpose:

Responsible for sourcing, developing and closing real estate loans as well as developing new business. Represents the credit union in the local community and participates in marketing all of the credit union’s products and services.

• Originates/completes mortgage loan applications, gathers necessary loan documents, collects upfront fees and commits loan for processing.
• Consults with applicants on a variety of mortgage financing products and programs.
• Follows up on incomplete applications to offer assistance and/or determine applicant’s intentions.
• Coordinates with Credit Union Mortgage Association (CUMA) mortgage processors, communicates with the applicant and other parties on the progress of the application.
• Completes follow up to ensure loan closing and resolves any problems while ensuring compliance guidelines.
• Sources and develops loans for markets including HELOC, residential real estate, and consumer loans.
• Works with the CUMA Secondary Desk to secure rate lock and ensures loans are closed, funded and sold to the secondary market before rate lock expiration.
• Ensures that all pertinent account documentation is complete and accurate and that all collateral has been properly secured.
• Supports the credit union’s relationship‑building culture through ongoing member contact, quality member service, and superior product knowledge.
• Builds and maintains positive relations with all members, potential members and co‑workers.
• Establishes a network of realtors and local business contacts for loan referrals.
• Performs as a team member in allocating and coordinating the workflow.
• Contributes to the fulfillment of department and company objectives and goals.
• Complies with all department and company policies, procedures and regulations.
• Completes entire loan package to present to CUMA processors who then order the appraisal and title work.
• Cross‑sells other credit union products to new and current members.
• Other duties as assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Education and Training:
  High School education or GED.
• Must be able to meet the qualifications necessary to be registered with the NMLS under the provisions set forth by the S.A.F.E. Act.
• On an annual basis is required to complete mandatory Bank Secrecy Act, OFAC and Red Flag Identity Theft training.
• Prior
  
  Experience:
  
  5‑8 years mortgage lending or related experience.