Mortgage Loan Originator Detail page

The primary responsibilities of the Mortgage Loan Originator include consulting members on products, taking complete applications, providing initial disclosures, and cross-selling Veridian products. The Mortgage Loan Originator is responsible for producing mortgage loans through relationships with realtors and other referral sources.

• Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations.
• Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines.
• Interview members applying for mortgage loans and assist them with selecting the appropriate loan program.
• Issue prequalification or preapproval letters on pre-purchases.
• Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members.
• Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system.
• Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis.
• Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process.
• Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments.
• Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
• Provide members with updated disclosures when required and document applicable change in circumstance.
• Communicate regularly with members on their mortgage loan, including updates on appraised values, outstanding conditions or stipulations, timing of closing, etc.
• Cultivate and maintain relationships with realtors by communicating updates on loans in progress and attending real estate-related functions.
• Actively sell products and services offered by the credit union including deposit products, insurance, consumer loans, and investments, to help the member meet their financial goals.
• Communicate final loan numbers from the settlement statement with members prior to closing to inform the member of final figures and amount to bring to closing.
• Work with members to resolve questions/concerns after loan closing.
• Ability, availability, and willingness to work additional hours to accommodate loan volume during periods of peak demand.

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job:

Hybrid-Remote Des Moines Metro Area

Full-Time

The primary responsibilities of the Mortgage Loan Originator include consulting members on products, taking complete applications, providing initial disclosures, and cross-selling Veridian products. The Mortgage Loan Originator is responsible for producing mortgage loans through relationships with realtors and other referral sources.

• Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations.
• Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines.
• Interview members applying for mortgage loans and assist them with selecting the appropriate loan program.
• Issue prequalification or preapproval letters on pre-purchases.
• Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members.
• Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system.
• Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis.
• Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process.
• Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments.
• Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
• Provide members with updated disclosures when required and document applicable change in circumstance.
• Communicate regularly with members on their mortgage loan, including updates on…