Mortgage Loan Officer

Job Description:

Mortgage Loan Officer 

Castparts Employees FCU is looking for an exceptional individual to join our amazing team to help us better serve our members’ home mortgage needs. We’ve been growing our first mortgage program since 2018, and we are ready to take our program to the next level. We need a talented, detailed-oriented and experienced mortgage lender to help us get there.

Are you interested in helping people realize their goal of home ownership? Do you want to work with a dedicated group of individuals that put people first and show up to support one another every day? Do you want to have input on program development and participate in expanding the mortgage department at the Credit Union?

Position Purpose:

Process and review member loan requests for purchase money mortgage loans and refinances.  Proactively identify ways to maximize a member’s credit union experience through cross selling the credit union’s products and services.  This is a full-time position, Monday – Friday.

Duties and Responsibilities:

Under limited guidance, the Mortgage Loan Officer will successfully field member inquiries which relate to mortgage products and program guidelines, credit requirements, application completion and interest rates, terms and fee structures.

• Originates high-quality residential mortgage loans under a variety of programs, which meet the Credit Union’s lending policy
• Responsible for the coordination, preparation and quality assurance of residential mortgage program, ensuring transaction accuracy and compliance with regulations, product terms, program policies and guidelines
• Must have the ability to work in a fast-paced environment and possess a comprehensive knowledge of credit union lending programs, policies, procedures and regulatory requirements; complying with all Federal and State laws and adhering to HMDA requirements
• Collaborate with CU branch staff in cross-selling CU mortgage products and services
• Receive and respond to member inquiries regarding loans, loan applications, rates, terms, and member accounts
• Discuss options with a borrower, evaluate their credit and guide them through the process of application
• Order appraisals, title insurance, collect payoffs from lenders, schedule closings
• Conduct needs assessments, identify problems and develop solutions
• Responsible for generating accurate loan disclosures in a timely manner, complying with all applicable regulations; preparing all paperwork required to secure the credit union interest in real estate pledged as collateral for loans; gathering all documents required for loan disbursement and completing necessary verifications
• Conduct loan signings/closings with members
• Disburse loans according to established procedures
• Follow-up and render assistance around closing and post-closing outcomes
• Perform other duties as assigned

Requirements

• Mortgage Loan Originator License Required; NMLS Required; maintain a status in good standing under SAFE Act requirements
• High school diploma or equivalent certificate required
• Four year degree in related field, equivalent work experience will be considered, some college preferred
• At least three years previous mortgage lending experience in originating, and processing
• Required experience includes producing work that meets sales goals and meets all compliance requirements (TILA/RESPA, Reg Z, HMDA, Reg B)
• Solid knowledge and experience originating mortgage loans for FHLMC/FNMA, FHA, USDA and VA is preferred
• Strong interpersonal and communication (verbal/written) skills to exhibit professionalism and the ability to work in a diverse community, utilizing tact, discretion and courtesy with members and coworkers
• Must have an exceptional member service ethic
• Work independently; appropriately manage daily workflow to ensure optimum productivity. Exercise sound judgment, problem solving and attention to detail
• Ability to use a personal computer showing proficiency in standardized software applications, including Microsoft Word, Excel and Outlook
• Ability to perform basic math calculations (addition, subtraction, multiplication, division, percentages, debt ratios)
• Basic ability to analyze and interpret personal and business financial statements