Real Estate Loan Officer Job Oklahoma City area,Oklahoma USA,Finance & Banking

True Sky Credit Union Role

To assist members with their Real Estate/Mortgage lending needs: analyze loan requests and make credit decisions based on Real Estate/Mortgage lending policy. To solicit, negotiate and originate conforming and non-conforming mortgage loans in compliance with applicable secondary market and portfolio requirements, True Sky Credit Union's policies and procedures and State and Federal Regulations.

Essential Functions & Responsibilities

40% Review and evaluate information on mortgage loan documents to approve or reject loan application and/or request additional information to make a decision of approval or denial. Establishes terms and conditions of an approved loan and reviews with member. Prepare and deliver to applicants all documents and required disclosures according to product requested meeting timing requirements.
20% Market mortgage products and services to realtors, builders, and general public to originate mortgage loan applications. Participate in community and loan development activities.
15% Evaluates acceptability of loan in accordance with the statutes, rules, procedures, policies, regulations and guidelines of the State of Oklahoma, Federal Government, and the Credit Union (the “Rules”). The Credit Union shall also provide regulations, policies, procedures, and guidelines as are promulgated by various government and investor agencies, including but not limited to FNMA, FHLMC, FHA, VA, FHLB, USDA, OSBD, NCUA and various other investors.
10% Cross sells other Credit Union products and services.
5% Prepares loan file and delivers to processor for processing, underwriting and closing.
5% Responsible for maintaining a current working knowledge of all requirements above, will complete all annual training requirements, and will conduct himself/herself in accordance with all the Rules including without limitation the SAFE ACT and CFPB Reg G (12 CFR 1007.1 et seq.) and the Real Estate Settlement Procedures Act and CFPB Reg X (12 CFR 1024.1 et seq.).
5% Performs other duties as assigned.

Performance Measurements

Originate real estate loan applications and cross sell additional products and services. Ensure all loan decisions are made within an acceptable time frame and in compliance with lending policies, procedures, rules and regulations with minimal errors. Communicate loan decision to all involved parties.

Answer member's real estate questions from the telephone queue and assist Real Estate loan operations staff as needed.

Troubleshoot and resolve member and internal inquiries in a timely, friendly, professional and accurate manner.

Meet or exceed the minimum established individual loan goals each month.

Build Real Estate loan referral network through cold calling, marketing efforts and networking in professional organizations such as realtors and home builder groups and associations. Meet or exceed specified contact goals with Realtors each month.

Develop and maintain knowledge of all mortgage products and rates within the credit union and from the mortgage industry.

Apply new procedures, policies and practices as directed by management into daily operations, and complete all assigned yearly training in timeframe required.

To stay current and comply with all federal and state regulations including Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) and all credit union policies and procedures.

Knowledge and Skills Experience

Three years to five years of similar or related experience.

Education

A two-year college degree, or
Completion of a specialized certification or licensing; or
Completion of specialized training courses conducted by vendors; or
Job-specific skills acquired through an apprenticeship program.

Interpersonal Skills

Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills

Knowledge of the secondary market and experience with first and second mortgage residential real estate lending.
Must be able to…