Senior Loan Officer – Home Loan Center-Moses Lake

Senior Loan Officer, Sales – Home Loan Center

Department:
Home Loan Center

Sales Exempt: This position is eligible to earn commission and deferred incentive compensation. In addition to commission, this position is compensated at an annual draw of $42,000, subject to terms and conditions of the commission agreement.

Report To: HLC Sales Manager

With the goal of enhancing lives, fulfilling dreams and building communities this position will proactively solicit new residential mortgage loans that meet established loan quality and production goals. Identify, develop and maintain a network of outside business relationships that serve as a recurring source of referrals for new mortgage lending opportunities, via Realtors, Builders, Financial planners in the local community. Ensure exceptional member service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with Credit Union, federal and state regulations, laws, and polices.

In addition to outside business development, this position will actively work with branch locations of Numerica to generate and manage residential mortgage loan opportunities assigned through internal referral channels.

Pre-qualify applicants to determine the proper loan program, keep the applicant, vendors and other interested parties informed on the status of the application and process the loan request as needed without assistance. Responsible for loan origination and file structuring. Obtain and validate all documents. Review Automated Underwriting system conditions ensuring that the loan meets eligibility, underwriting guidelines, and assist in satisfying conditions for closing when needed.

• Responsible for meeting individual and department mortgage loan production goals supporting overall Credit Union goals.
• Provide guidance and information relevant to the risks and benefits of each mortgage lending program the applicant is qualified for; effectively explain and communicate the terms of each product, and ensure all necessary documents are signed by the borrower.
• Analyze detailed financial and credit data, matching the applicant’s needs with an appropriate loan program.
• Gather all initial documentation required based upon the applicant’s selected loan program and all disclosure requirements.
• Understand and effectively apply mortgage lending policies and procedures to all mortgage lending situations. Provide valuable input to Loan Procedures manuals, including updates, revisions, and the creation of new policies and procedures.
• Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
• Have a thorough knowledge of conventional, FHA, VA and special home loan programs.
• Be familiar with all regulations governing credit union lending, with particular emphasis on rules and regulations governing real property lending on home loans and secondary emphasis on home equity loans.
• Have a thorough understanding of home loan computer system including mortgage underwriting, processing and tracking programs, and NCU's home loan website.
• Develop mortgage loan business: call on home builders, realtors and others outside the Credit Union to highlights NCU home loan programs and generates applications for home loans.
• Partners with NCU branch employees by providing education, guidance, and ongoing assistance on mortgage loan products and programs to facilitate the generation of home loan applications.
• Assist HLC staff with applications they are working on for home loans. Work with staff in analyzing and solving situations that may arise in the home loan application and loan process and provide support to staff on complex loans and escalating issues.
• Provides effective service by interviewing and qualifying applicants’ home loans. Determines applicant needs and discuss loan options. Assists applicants in completing the loan application package.
• Submit complete and accurate applications into the computerized loan application/processing system, providing individuals with all required disclosures and…