Mortgage Loan Originator - External

Who We're Looking For:

 We are looking for a driven member-focused Mortgage Loan Originator to join our team. The ideal candidate will:

• Have excellent organizational, communication, and business writing skills to clearly and effectively serve our members
• Demonstrate strong analytical abilities and sound judgment when evaluating loan applications and financial information
• Be actively registered as a Mortgage Loan Originator (MLO) with the Nationwide Multistate Licensing System (NMLS)

What You'll Be Doing:

• Originate and develop a variety of residential mortgage loans, home equity loans, and lines of credit
• Build strong relationships with realtors, contractors, community partners, and other referral sources to grow mortgage business.
• Receive and manage branch referrals while independently generating new business through outreach efforts.
• Represent and promote the Credit Union difference, while identifying opportunities to connect members with additional products.

Why Join Us:

• Heritage Family Credit Union is a dynamic and member-centric organization committed to making a positive impact on the lives of our members. We believe in delivering not just financial services but fostering meaningful relationships that enhance the overall well-being of our members and communities. With a focus on education, integrity, and community, we strive to be the preferred financial partner for our community.
• Benefits Include:
  • Paid time off in addition to paid federal holidays
  • Medical, dental, and vision benefits to employees who regularly work 24 hours a week
  • 401k match
  • Ongoing training opportunities
  • 8 hours of volunteer time with an organization important to you
  • Reimbursement each month for Gym membership (up to $25), hobby reimbursement (up to $25) and fresh local foods (up to $25 on a seasonal basis)

Salary: $40,000 base pay

Additional Salary: May be eligible for variable based incentive pay up to $20,000 monthly

Position Title: Mortgage Loan Originator - External                                                                  

FLSA Status: Exempt

Department: Mortgage                                                                                                                 

EEO Code: Sales

Reports To: VP, Mortgage Sales                                                                                                                           

Grade: N/A 

Summary:

The Mortgage Loan Originator solicits and develops a wide variety of residential mortgage loans, home equity loans, and home equity lines of credit, etc. operating under moderate credit authority. This role may receive assigned branch internal referrals as well as expected to spend most of the time on relationship building activities, working with realtors, contractors, community partners, and other mortgage referral sources. The Mortgage Loan Originator successfully communicates the credit union difference, the mortgage process, and sets realistic expectations for members throughout the process while promoting other credit union products and services. 

Essential Functions:

·         Assume responsibility for establishing and maintaining effective and professional business relations with members, realtors, attorneys, and building professionals.

·         Develop strategies to build a loan pipeline through member interactions, seminars, and building relationships with community partners (realtors, contractors, attorneys and other institutions).  Attendance at community events and functions in assigned territories is expected as well as service on a board or committee within your assigned territory.

·         Conduct the loan interview, securing member information and documentation necessary to initiate a loan transaction. Assist borrowers with the loan application process. Discuss loan options, credit criteria, interest rates, and loan documentation in such a manner as to elicit positive responses from members. Maintain clear and frequent communication with all essential parties throughout the loan process, following communication guidelines determined by management to ensure prompt member response.

·         Clear knowledge and understanding of UDAAP, TRID, Reg. Z, TILA, ECOA, RESPA laws and regulations.

·         Recommend approval or deny real-estate loan applications, and counsel members whose loan requests were denied, explaining reasons and alternatives. 

·         Meet scheduling and documentation requirements, and production expectations as determined by management.

·         Ensure that the credit union achieves assigned loan production goals, with an emphasis on real estate lending growth.

·         Maintain contacts and good working relationships with real estate brokers, attorneys, builders and other referral sources to assure a favorable image of the organization and to provide information regarding current loan policies and procedures.

·         Must maintain predictable and reliable attendance.

·         All other duties as assigned.

Qualifications:

·         Education:

o   Highschool diploma or equivalent required.

o   Associates degree or completion of a specialized course at a business/trade school preferred.

·         Experience:

o   2-5 years of similar or related experience, including time spent in preparatory positions.

o   Registered as an active Mortgage Loan Originator (MLO) on the NMLS. Experience with Freddie Mac and Fannie Mae, VHFA, FHLB, USDA, and construction loans is preferred.

o   Valid US Driver’s License Required.

·         Skills:

o   Excellent organizational, communication and business writing skills to exhibit professionalism and deal effectively with internal and external contacts.

o   Strong analytical skills and the ability to make sound judgements.

Physical Requirements:

·         Must be able to operate routine office equipment including telephone, copier and calculator. Must be able to work extended hours whenever required or requested by management.

·         Must be able to travel between branches as well as to community events assigned by territory.

Work Environment:

·         Professional banking environment.

BSA/Risk: Employees will ensure adherence to BSA (Bank Secrecy Act) and risk compliance standards in all job responsibilities, maintaining the organization's regulatory integrity and mitigating potential risks.

Equal Opportunity Employer: Heritage Family Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.