Mortgage Loan Originator- Hybrid

POSITION TITLE: Outside Mortgage Loan Originator

DEPARTMENT: Mortgage Lending

POSITION FUNCTION

This position requires a self-driven, ambitious individual who possesses a current book of business and has the proven capability to form and maintain professional relationships within the community. A key responsibility is soliciting new business and expanding the business of current members by selling the Credit Unions mortgage financing capability. 90% of the work week will consist of being on the road, developing relationships with attorneys, brokers, developers, and realtors to generate new mortgage business.

Compensation:

$50K Base Salary with .50% points commission structure starting at the first dollar.

Expectation of 1 Million minimum per month.

Excellent Benefits:

Our comprehensive benefits package includes medical, dental, and vision coverage; a generous first dollar HRA, 401 (k) plan, employer paid pension, paid time off, federal holidays off, ability to earn bonus days, birthday off; employer-paid life and disability insurance with additional buy-up coverage options; tuition and continuing education reimbursement; and other voluntary benefits.

ESSENTIAL FUNCTIONS:

• Interviews and counsels' members regarding residential and investment mortgage applications to help determine their eligibility.
• Inform members of various mortgage products as well as cross-selling other products offered by the credit union.
• Keeps informed of the current trends and developments in the local real estate market as well as changing rules and regulations; communicates these changes to all appropriate team members in a timely fashion.
• Establishing and maintaining a customer and referral basis by making calls and scheduling visits to potential realtors, investors, builders, and attorneys as assigned; and maintains detailed records for the same.
• Attend community, realtor and industry events and organizational meetings to establish relationships with local businesses and individuals. Seek business opportunities for the Credit Union as they arise.
• Performs preliminary underwriting of loans to determine DTI, credit and Loan-to Value rations in accordance with the FRMCU and the secondary market guidelines.
• Ensures accuracy and completion of loan applications. Generate applications and necessary forms needed for the processor to proceed with processing the application. Provide all documentation to the mortgage processor in a timely manner so that the loan may close.
• Maintains effective communication with all FRMCU employees to ensure coordination and exchange of information to achieve goals and provide a positive member experience.
• Ensure all documents collected up front are accurate and adhere to policy, checking for conformity to regulations (federal, state and credit union).
• Responsible for production goals set forth by management.
• Perform other duties as assigned.

ADDITIONAL RESPONSIBILITIES

• Maintains a required level of quality and quantity of work.
• Assists in all areas of the department as needed.
• Continues to acquire the necessary education to maintain knowledge of federal and state rules and regulations to ensure compliance.
• Flexible schedule, including some weekends to meet the needs of members and generate new leads to increase production.

PHYSICAL DEMANDS:

• Hand dexterity required to operate computer terminal and/or related equipment.
• Eye coordination required to operate computer/teller terminal.
• Sitting at desk or computer workstation for periods of time.
• Travels to Credit Union facilities/locations as required.
• Drives to and attends meetings as required.
• Moves around credit union between levels or floors while performing duties.
• Bending and stretching in work area.
• Speaks and listens to members and explains credit union services.
• Ability to lift up to 20 lbs. with or without assistance
• Safe driving record

Location:

Hybrid work schedule with a one day per week in office requirement.

This position description covers the more prominent duties performed, and is not limited to other work duties that may be assigned.

• Previous mortgage lending experience with portfolio
• Ability to communicate both orally and in writing to explain detailed lending concepts to a diverse customer base
• Must have and maintain, or be eligible for NMLS registration
• Working knowledge of a wide range of lending procedures and products
• High school diploma or equivalent required, college degree preferred
• Must have a valid driver’s license and good driving record