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Mortgage Loan Originator II

Job in Jackson - Hinds County - MS Mississippi - USA , 39201
Company: Hope Credit Union / Hope Enterprises
Contract position
Listed on 2021-02-24
Job specializations:
  • Finance
    Loan Officer, Mortgage Advisor, Loan Servicing, Mortgage Underwriter
  • Banking
    Loan Officer, Mortgage Underwriter
Job Description & How to Apply Below
Title: Mortgage Loan Originator

Department: Mortgage Lending

Reports To: Senior Vice President, Lending

Supervises: N/A

Job Classification: Full-time, Non Exempt

Job Summary

The Mortgage Loan Originator (MLO) originates home loans, counsel's customers in mortgage financing, provides appropriate disclosures, and develops mortgage referral sources. The Mortgage Loan Originator II is also responsible for developing business in their regional area.

Primary and Essential Functions

* Leads and supports Strengthening HOPE Initiative that values an organizational culture for open communication, innovation, associate engagement and other traits that contribute to collaboration and high performance.
* Meet with applicants to obtain information for loan applications and to answer questions about the process. This includes, but not limited to, initial review of pay stubs, tax returns, bank statements and credit bureaus.
* Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans with the expectation of setting reasonable expectations of outcomes.
* Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
* Obtain and compile copies of loan applicants' credit histories, financial statements, and other applicable financial information to determine eligibility for loan approval.
* Review and update credit and loan files.
* Review loan agreements/sales contacts to ensure that they are complete and accurate according to policy.
* Handle customer complaints and take appropriate action to resolve them.
* Confer with underwriters/processors to aid in resolving mortgage application problems.
* Negotiate payment arrangements with customers who have delinquent loans.
* Market credit union products to individuals and firms, promoting credit union services that may meet customers' needs.
* Required to meet minimum quarterly/annual production goals. The goals will be set annually and will be at the beginning of each year and reiterated monthly. If the goals are not met, MLO II may be subject to disciplinary action.

Secondary Functions

* Perform general administrative duties such as attending meetings, report production, etc.
* Work with other departments when needed on projects related to the mission of HOPE.
* Represent HOPE at functions.
* Develop and maintain referral sources.

Competencies / Skills

* Working knowledge of Microsoft Office products including Word, Excel, Access
* Working knowledge of Calyx Point
* Ability to read and interpret documents, write routine reports and correspondence
* Ability to communicate with closing agents, correspondent lenders and other staff
* Ability to use full functions of calculator
* Ability to compute rate, ratio, percent, and interpret data
* Ability to apply commonsense understanding to carry out detailed but uninvolved written or oral instructions
* Ability to deal with problems involving a few concrete variables in standardized situations
* Excellent customer service and verbal communication skills
* Ability to relate well with customers and business affiliates

Desired Qualifications

* Bachelor's degree in relevant field
* Five plus years of mortgage experience (secondary lending)
* Knowledge of secondary lending, including FHA, VA and conventional loans
* Knowledge of compliance requirements and regulations
* Familiarity with Calyx, Desk Top Underwriting and/or Loan Prospector
Position Requirements
Less than 1 Year work experience
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