What are the responsibilities and job description for the Mortgage Loan Originator position at Communication Federal Credit Union?
Our Benefits
- Competitive Pay with Commissions
- 11 Paid Holidays
- 200% 401(k) Match up to 5%
- Medical Plans with a $5.00 Employee Only Per Pay Period Plan
- Dental, Vision, Short-Term Disability Insurance
- Hospital and Accident Indemnity Plans
- Employer paid Basic Life and AD&D Insurance
- Employer paid Long-Term Disability Insurance
- Flexible Spending Accounts- Medical and Dependent Care
- Tuition/ Educational Assistance
- Employee Perks and Discounts
Communication Federal Credit Union has proudly served its members for over 80 years and has been ranked #1 Credit Union in Oklahoma by multiple sources in recent years. We remain committed to our local communities, providing financial education, and supporting local organizations.
We're passionate about the credit union philosophy of "People Helping People" and empower our team members to deliver on that promise. Our culture encourages trust, collaboration, and communication enabling each of our employees to have a meaningful impact on our organization and in the communities we serve.
POSITION SUMMARY:
Join a professional team working to locate prospective borrowers and procuring mortgage loans in accordance with credit union guidelines. The Mortgage Loan Originator responds to inquiries and conducts interviews for loan applicants, evaluating their credit and guiding them through the process. Oversees or handles applicable mechanical components such as ordering appraisals, scheduling closings, etc.
Who You Are
- Thorough knowledge of mortgage terminology, processes, and procedures, including all related real estate regulatory compliance.
- Professional and well-developed communication skills to work cooperatively with members, co-workers, prospective clients, and associates in mortgage industry.
- Intermediate mathematical experience required.
- Strong attention to detail and accuracy is a must. Self-motivated, analytical and detail oriented.
- Ability to organize and prioritize to meet numerous deadlines and adapt to changes in workflow.
- Ability to effectively present information in one-on-one situations to members, other employees of the credit union and outside parties.
What You Will Do
- Develop and maintain successful relationships that serve as recurring source of referrals for new mortgage lending opportunities. May visit real estate offices, make cold calls, attend industry events for builders and build a network of professional contacts.
- Respond to mortgage inquiries generated from all sources such as web application, e-mail, walk-in or phone-in members, branch, or lending staff. Exercise potential cross-sell opportunities based upon qualifying techniques regarding financial status, credit, and property valuation of loan request.
- Review and evaluate mortgage loan applications for creditworthiness making quality decisions in timely manner. Submit and process applications according to accepted underwriting policies, practices, and procedures.
- Attain data to calculate payment information and prepare TRID disclosures.
- Review mortgage files for completeness, accuracy, and compliance standards. Perform file maintenance on mortgage loans.
- Prepare, process, and organize mortgage files for submission to underwriting.
Education and Experience
- Requires registration as Mortgage Loan Originator (MLO) with Nationwide Mortgage Licensing System (NMLS) and Registry on annual basis in addition to maintaining updates as needed. Initial registration required immediately upon hire into this position.
- At least two years' experience in mortgage lending or related profession.
- Specialized training of one year preferred.
- High school diploma or GED required.
- Any combination of education, training and experience which provides the knowledge, skills, and abilities to perform the essential functions of the job required.
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