JOB TITLE: Mortgage Loan Officer GRADE: 9

POSITION TYPE: Full-Time Non-Exempt HOURS: (M-F) 830a-5p

LOCATION/DEPARTMENT: Admin Building (Hybrid Position)/Mortgages

REPORTS TO: VP of Mortgage Lending

UPDATED: December 6, 2021

GENERAL PURPOSE: The primary purpose of this position is to assist United Financial Credit Union in delivering our mission, vision, and core values. The mission of innovative, friendly, and quality service, United

Financial Credit Union will provide long-term financial stability to our credit union, our members, and their families. Employees should strive to help our credit union achieve the strategic goals set by the Board of

Directors.

PURPOSE: Provide information on credit union products and services to members according to all credit union policies and procedures and Federal and State rules and regulations. Responsible for interviewing applicants for real estate loan and processing applications. Gather background information and analyze loan applicants’ credit history. Depending on underwriting experience, approve or deny loan applications within prescribed parameters. Promote credit union products and services.

QUALIFICATIONS: Effective written and verbal communication skills. Strong attention to detail and accuracy. Team player and willingness to provide assistance when called upon. Strong computer skills and problem solving abilities will be required. Creative problem solver with a positive attitude. Strong organizational and member service skills. Ability to become and remain 100% bonded. Two year of loan operation and underwriting experience is desired. High school diploma or GED required.

DUTIES AND RESPONSIBILITES:

• Develop mortgage loan business through membership, calls to realtors, contractors, and other various loan steals.
• Assist and monitor control procedures for the mortgage loan portfolio.
• Interview loan applicants and assist members with the loan application process.
• Obtain and evaluate credit bureau reports on applicants.
• Pull credit reports on all applications, verify debts, and estimate monthly payments for any outstanding debts not listed and add them to debts on application.
• Approve or deny real-estate loan applications, and explain reasons for denial.
• Inform members of their loan approvals or denials and any loan requirements or conditions.
• Stay knowledgeable on the following Mortgage Guidelines: secondary market (FNMA) guidelines, PMI guidelines, FHA guidelines, and RD guidelines.
• Ensure that each real-estate loan is processed accurately.
• Prepare real-estate loan application and document packet for closing.
• Pay title company fees for title searches, legal work, and appraisals.
• Pay real-estate taxes, including calculating tax shortages and new monthly payments.
• Maintain accurate records of insurance and taxes on real-estate loans.

• Maintain escrow accounts for the payment of members’ taxes and insurance premiums.
• Work with Credit Solutions in regards to delinquent real-estate loans, and take action as necessary.
• File necessary papers with the state land title for mortgages.
• Close real-estate loans and follow through with all closing requirements.
• Review file after closing - Verify all information is inputted into Mortgage Cadence/New Solutions correctly.
• Perform other related duties as assigned

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

-Normal office environment where these is little discomfort to exposure to hazards due to temperature, dust, noise etc.

-While performing the duties of this job, the employee need to be able to regularly move about; use hands and fingers, reach with hand and arms.

-The employee consistently is required to stand and sit view a computer screen, talk and hear, and lift/move up to 25 pounds.

-Ability to work overtime, attend meetings, seminars and travel.

The above statements are intended to describe the general nature and level of work being performed by people

assigned to this classification. They are not to be construed as an exhaustive list of all job duties performed by

the personnel so classified.

EMPLOYEE ACKNOWLEADGEMENT:

By E-Signing this document, I acknowledge the following:

1. I have received an electronic version of this job description and understand the requirements of this positions.

2. Accepted the “At-Will” nature of my employment, as noted in the employee handbook.
3. Asked any questions I have regarding my duties and responsibility of this job.

Employee E-Signature:

Job Type: Full-time

Pay: $16.00 - $20.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Tuition reimbursement
• Vision insurance

Compensation package:

• Commission pay

Schedule:

• 8 hour shift
• Day shift

Work setting:

• In-person
• Office

Experience:

• Loan origination: 1 year (Preferred)
• Sales: 1 year (Preferred)

Work Location: In person