Mortgage Loan Originator
|Feb. 06, 2017 - Dec. 31, 2019|
|Department:||Elevations Credit Union|
|Description:||Mortgage Loan Originator Role: Originates mortgage loans in an assigned territory; develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit business and conduct sales-related activities, in order to meet specific loan volume origination goals. Counsels customers, takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval using laptop technology. Remains front line contact with customers and realtors to ensure that documents required for processing, underwriting, and closing are secured in a timely manner. The salary for this position is 100% commission. Adhere to all Federal and State laws and regulations governing applicable to the Credit Union, including the Bank Secrecy Act. Major Duties and |
•Interviews and assists members. Inputs loan applications into on-line loan system.
•Monitors on-line queue of member originated loans.
•Reviews files for completeness and accuracy.
•Communicates with loan processor/closer regarding any outstanding items and/or additional documentation needed.
•Requests additional information.
•Communicates terms and conditions of an approved loan and reviews with member.
•Delivers Good Faith Estimate/ TIL disclosures within 72 hours of application date.
•Assists with processing and loan closing coordination with member.
•Cross-sells other credit union services.
•Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
•Performs other related duties as assigned.
1.To obtain accurate and complete loan applications.
2.To produce assigned loan volume (dollars and/or numbers).
3.To be able to accurately input and successfully transmit loans using AUS (Automated Underwriting Systems).
4.To maintain a professional, courteous, and friendly atmosphere for members and co-workers.
5.Accurately disclose and re-disclose on loan files.
6.Established book of business in relative market.
Knowledge and Skills:
•Experience: Minimum of two years of current mortgage experience.
•Education: Equivalent to a two-year college degree or completion of a specialized course of study at a business or trade school.
•Interpersonal Skills: Work involves extensive personal contact with others that can be of a confidential nature. A significant level of trust and diplomacy is required, in addition to normal courtesy and tact.
•An ability to foster positive working relationships with people both inside and outside the organization is essential.
•Other Skills: Experience with FNMA Desktop Underwriter, FHLMC, FHA, and VA, PC Lender and Mortgage processing systems desired.
This Job Description is not a complete statement of all duties and responsibilities comprising this position and may change with or without notice.
Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such report will be not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties. Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.
•Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
•Please view Equal Employment Opportunity Posters provided by OFCCP here.
•The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
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