Mortgage Loan Officer

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Goleta, CA, US

Salary Range: $75,000.00 To $ Annually

Discover an exciting opportunity to work with a Leading Local Mortgage Lender.

• Local Operations and Underwriting. You can close a purchase in 21 days!
• Very strong compensation program that includes Base Salary and an aggressive commission structure.
• Fannie/Freddie product plus a Very Aggressive Jumbo Portfolio Product that meets the needs of Bay Area High Tech employees.
• Competitive Pricing.
• Best in class Technology bases systems to help you improve and automate borrower and Realtor service and communication.

• A burning desire to be the best of the best.
• Minimum of 3 years as a producing Retail loan officer.
• Current book of producing Realtors.
• Strong knowledge in Underwriting and standard mortgage practices.
• Must be a self-starter, Proactive with a sense of urgency and attention to detail.

• Source and originate residential real estate loans through development of relationships with realtors, builders and business professionals.
• Achieve individual and department real estate production and quality goals as outlined by the Credit Union.
• Be an active member of the community and the local real estate industry.
• Attend various functions and establish KeyPoint Credit Union in the community as the Real Estate Lender of choice.
• Develop and manage a realtor referral base of between 15-25 active real estate agents.
• Conducts presentations at real estate office sales meetings, homebuyer seminars or other venues to solicit real estate loans.
• Generate referral business, leads and relationships with individuals, existing clients, past clients and real estate professionals.
• Provide guidance and information relevant to the member’s application and the Credit Union’s real estate loan products and processes.
• Effectively explain and communicate the terms of the real estate loan products and ensure all necessary documents are obtained and/or signed by the members.
• Analyze member’s existing financial status, credit and property evaluation to determine feasibility of granting the loan, providing conditional approval or denial of loan request.
• Analyze detailed financial and credit data, matching the member’s needs with an appropriate loan program and level of risk.
• Clearly communicate conditional approval and the conditional approval conditions.
• Communicate with member to resolve questions regarding application information.
• Maintain a strong working knowledge of all the Credit Union’s portfolio and investor guidelines as well as be fluent in loan level pricing.
• Manage pipeline to meet production goals, loan quality and member service including turn times.
• Understand and learn new CRM and LOS systems to facilitate loan closings.
• Responsible for quoting rates and guidelines with accuracy and fairness.
• Communicate directly both verbally and in writing with members, real estate clients and peers in the real estate lending department.
• Cross sell other products and services offered by the Credit Union.
• Adhere to federal and state regulatory requirements, and credit unions policies and procedures as they pertain to loan origination and sales.
• Compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations.
• Perform other duties as assigned.

Physical Requirements:

(Including lifting, sitting, walking, bending, reaching and squatting % of time in each function) The workstation consists of an indoor cubical. A workday consists of sitting 75% of the time with standing 10% of the time and walking 15% of the time. The job also has some of the following for a total of no more than 1 hour each day: bending, reaching, kneeling, squatting and lifting up to 25 pounds or less.

• Minimum 5 years mortgage experience, preferably as a loan officer or account executive
• High school diploma or equivalent, with AA or BS preferred.
• Expertise in interpreting underwriting guidelines and analyzing risk.
• Solid time management and organizational skills.
• Ability…