What are the responsibilities and job description for the Mortgage Loan Originator position at Financial Plus Credit Union?
Description
Job Title: Mortgage Loan Originator
Department: Mortgages
Reports to: Mortgage Sales Manager
Hours per Week: Salary Non-Exempt
Rate of Pay: Base Salary Plus Commission
Company Summary
Welcome to Financial Plus Credit Union (FPCU) – 'The Place where it’s Possible.'
At FPCU, we believe in the power of collaboration, embrace inclusivity as a strength, and are driven by a shared commitment to success. Our community-centered approach goes beyond financial services; it's about fostering connections and making a positive impact.
Join us, and be part of an environment that prioritizes wellness, encourages continuous learning, and opens doors to developing you into the person you want to be. Explore the opportunities that await you at FPCU – where you aren’t just making a living but joining a PLACE where you can REACH your goals.
Position Summary
To assist members with their mortgage lending needs: analyze loan requests and make credit decisions based on mortgage lending policy.
Essential Functions & Primary Responsibilities
- Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meets approval based on loan application and requests additional information.
- Take thorough loan applications and ensure a high-quality of work, absence of errors, omissions, and audit exceptions
- Prospect mortgage opportunities daily
- Develop strategic business partners to create a strong referral network
- Build relationships with current and new members and provide them with products and services to meet their changing needs
- Exceed customer service expectations
- Coordinate all aspects of the mortgage application process to include preparing initial Loan Estimate
- Communicate effectively with peers, colleagues, and management
- Meet monthly production goals set forth by the company
- Responsible for engaging in marketing and promotional activities in support of sales goals
- Cross-sells other Credit Union services
- Markets the Credit Union's mortgage lending program to companies and individuals within the real estate community
- Stay informed of current market trends, loan programs, credit union policies and procedures and all regulatory requirements as it relates to real estate lending
- Comply with all federal and state laws and regulations including the Bank Secrecy Act, Patriot Act, Office of Foreign Asset Controls, FCRA, FDC and Graham Leach-Bliley.
- Ensures compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary. Must ensure subordinates are also compliant with such laws and regulations.
- Must be bondable.
- Perform other duties as assigned.
Requirements
Education & Qualifications
- 5 or more years of Mortgage Loan Origination experience with a proven track record of achieving production results
- This position requires an understanding of basic computer skills including m365 suites.
Skills and Abilities
- Self-motivation with the ability to effectively prioritize work
- Ability to manage time and workload independently through organization and efficiency
- Ability to adhere to internal policies as well as external policies and regulations set forth by the NCUA
- Presents a positive and professional image to members through effective and courteous verbal and written communications.
· Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
· Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
Physical Demands & Work Environment
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. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
- Sedentary work; sitting most of the time. Exerts up to 10 pounds of force occasionally.
- The noise level in the work environment is professional and typically moderate.
This job Description is not a complete statement of all duties and responsibilities comprising this position.
