Real Estate Loan Originator

SUMMARY

Under the direction of the AVP Real Estate Experience, the Real Estate Loan Originator is responsible for performing a wide variety of member loan duties in the Real Estate Department.

ESSENTIAL FUNCTIONS 

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position.  It is not intended to be an exhaustive list of all duties, responsibilities, and skills required of this position.  Other duties may be assigned to meet business needs.

Receives and originates real estate loan applications.

Reviews and verifies information, obtains credit reports and verifies credit references.

Computes interest and payments.

Communicates daily with front line employees regarding status on applications.

Communicates regularly with Real Estate Agents and Title and Escrow Officers to obtain fees necessary to produce initial disclosures.

Prepares initial disclosures.

Assigns loans to the appropriate employees within the Real Estate Department.

Receives incoming supporting application documentation; uploads documentation to the file cabinet.

Issues documentation within the required time frames to adhere to regulatory waiting periods.

Assists members in identifying real estate loan products which best meet their needs while maintaining real estate lending standards.

Takes mortgage applications over the phone.

Follows up with members regarding initial disclosure packages and notices of incompleteness.

Responds to members’ inquiries and requests; assists in completing forms and documents.

Submits loans to Automated Underwriting System (AUS) and has knowledge of how to read AUS results.

Maintains updated system comments within the loan application.

Explains reasons for adverse action and explore options for members when loans are declined.

Helps and provides guidance to mortgage originators.

May serve as a department floater depending on pipeline volume to assist in other areas of the Real Estate Department as needed.

Performs duties in compliance with Credit Union policy and appropriate regulatory statutes.

Maintains current job knowledge of Credit Union policies, procedures, and services. Uses cross-selling techniques to promote other Credit Union services.

Regularly attends and participates in in-house training.

Performs duties as assigned by management and may be assigned to work at any location.

QUALIFICATIONS

The qualifications listed below are representative of the knowledge, skill and/or ability required to perform the essential functions of this position.

Education and Experience 

Two or more years increasingly responsible experience in real estate loan processing in real estate or financial institution.

Certificates, Licenses and Registrations

Required to be registered with NMLS and renew registration each year.

Knowledge

Credit Union products, services, programs and promotions.

Credit Union real estate policies, procedures and practices.

Knowledge of various computer systems and software necessary to effectively perform job.

Other Skills and Abilities

Performs duties accurately and efficiently, even with frequent interruptions.

Operates variety of office equipment and machines.

Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Ability to work a variety of hours, including evenings and weekends.