8 Mortgage Loan Officer Jobs in Sioux Falls, SD
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Voyage Federal Credit Union is Hiring a Mortgage Loan Officer Near Sioux Falls, SD
- Gather background information on loan applicants by interviewing loan applicants and obtaining credit bureau reports. Verify employment of persons applying for loans. Handle loan of highest complexity, value, or risk.
- Assist members with the loan application process to ensure completeness of information.
- Answer questions for members throughout the process. Explain the loan process to include loan options, insurance required on credit union loan products, loan policies, interest rates, payoffs etc.
- Pull credit reports for all accounts, verify debts, estimate monthly payments for any outstanding debts not listed and add them to the debts on application.
- Calculate debt to income ratio on loan applicants and calculate how much of a loan applicant’s debt is secured or unsecured.
- Complete applications over the phone and/or electronically.
- Determine collateral needs and payment plans for member applying for loan. Determine eligibility of loan co-maker from co-maker’s statement and credit rating.
- Approve or deny applications. When a loan is denied, explain reasons for denial in a professional, courteous manner. Work with member to provide recommendations or alternative options for other possible ways to secure a loan in the future.
- Verify the accuracy of loan amounts and repayment terms on approved loan application.
- Complete loan documents and disburse loans when approved.
- Handle and pay third parties for duties, such as appraisers, title companies, surveyors, etc.
- Cross-sell lending and other credit union products.
- Complete denial forms for all loans that are declined.
- File and maintain loan records on the computer. Ensure accuracy and completeness of work
- Support the vision of the Board of Directors and President/CEO by working cooperatively and cohesively with all fellow employees
- Develop mortgage loan business through member seminars and calls to realtors, contractors and other institutions.
- Develop programs and relationships with mortgage brokers, realtors, builders and others for loan production
- Originate 1st and 2nd mortgage loans and develop plans for marketing.
- Maintain membership in at least one professional organization such as Home Builders Association, Mortgage brokers association or South Dakota Mortgage Bankers
- Competitive Pay Incentive pay Eligibility Annual Bonus Eligibility
- Comprehensive Benefits Package, including Medical, Vision, Free Dental, Life, Short Term Disability, and Long Term Disability
- Profit Share and 401(k) matching up to 4%
- Paid Time Off (annual accrual starting at 13 days) 11 Paid Holidays
- Business Casual (Yep – you can wear jeans!)
- Progressive and inclusive work culture in which our team has the flexibility, support, and resources to be successful in their careers!
- $19-30 per hour, depending on experience
- base pay PLUS monthly incentive bonus pay (no limit)
Job Summary
Full Time
Banking
$40k-55k (estimate)
04/14/2023
05/10/2024
voyagefcu.org
SIOUX FALLS, SD
25 - 50
2011
DARLA ERB
<$5M
Banking
Related Companies
About Voyage Federal Credit Union
Voyage Federal Credit Union is a local Sioux Falls financial institution dedicated to helping its members achieve their financial goals.
The job skills required for Mortgage Loan Officer include Mortgage Loans, Credit Reports, Flexibility, Interviewing, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Loan Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage Loan Officer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Mortgage Loan Officer positions, which can be used as a reference in future career path planning. As a Mortgage Loan Officer, it can be promoted into senior positions as a Mortgage Loan Officer II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Officer. You can explore the career advancement for a Mortgage Loan Officer below and select your interested title to get hiring information.
If you are interested in becoming a Mortgage Loan Officer, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Officer for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Mortgage Loan Officer job description and responsibilities
A person seeking to become a mortgage broker must be at least 18 years old.
12/26/2021: Grand Forks, ND
All state-licensed loan originators must pass a national exam - required under the SAFE Act.
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For the most part though, mortgage loan officers spend their days helping people navigate an exciting time.
02/04/2022: Modesto, CA
Having the skills to be detail-oriented and thorough go a long way when becoming a mortgage loan officer.
01/07/2022: Roanoke, VA
Loan Officer Assistants play an essential role on a Loan Officer’s team.
11/30/2021: Albany, NY
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Mortgage Loan Officer jobs
COMPLETE FINGERPRINTS/BACKGROUND CHECK AND PAY ALL FEES.
12/28/2021: Allentown, PA
Connect with real estate agents.
02/06/2022: Santa Rosa, CA
PASS THE NATIONAL SAFE EXAM VIA NMLS WITH 75% OR HIGHER.
11/30/2021: Jackson, MS
START GENERATING LOANS WITH TEAM MORTGAGE CALCULATOR CO.
01/30/2022: Colorado Springs, CO
Step 3: View the best colleges and universities for Mortgage Loan Officer.
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