Mortgage Loan Originator Reno

Job Summary

• COMMISSION ONLY PAY

Responsible for independently sourcing, originating, and managing residential mortgage and home equity loan applications while ensuring compliance with credit union policies and regulatory requirements.

Direct Reports

None

Duties and Responsibilities

• Independently source and originate residential mortgage and home equity loan applications both inside and outside the credit union.
• Proactively develop and maintain a strong network of referral partners, provide exceptional member service, and navigate the loan process from application to closing.
• Collaborate closely with mortgage processing and closing teams to ensure timely and efficient loan processing.
• Actively prospect and solicit new mortgage business through a self-developed network of referral partners, including realtors, builders, open house events and other industry professionals.
• Engage with potential borrowers at various locations, including homes, businesses, and credit union branches.
• Maintain a deep understanding of available mortgage products, industry trends, and compliance requirements.
• Provide excellent member service by guiding borrowers through the mortgage process and ensuring a smooth application experience.
• Participate in business development initiatives and networking events to strengthen professional relationships and generate new business.
• Schedule and conduct mortgage consultations, gather necessary documentation, and ensure loan files are complete and accurate.
• Maintain clear and consistent communication with borrowers, real estate professionals, and internal stakeholders throughout the loan process.
• Stay informed on market conditions, daily pricing updates, and evolving lending regulations.
• Strictly follow the Letter of Understanding for Real Estate Loan Originators to ensure adherence to compensation guidelines and compliance standards.
• Ensure full compliance with the Loan Originator Compensation Rule under the Truth in Lending Act (TILA) and other relevant regulations.
• Ensure adherence to all job-related aspects of the credit union’s compliance programs – specifically but not limited to the BSA/OFAC/US Patriot Act/Red Flag/Elder Abuse.
• Compliance with the Bank Secrecy Act and other compliance programs and their implementing regulations, as they pertain to your position, is a condition of employment. Attendance to the compliance training programs is mandatory.
• Perform other duties as assigned.

Qualifications, Abilities and Skills

Minimum of three years of successful experience in mortgage loan origination with a strong emphasis on self-sourced business development, along with comprehensive knowledge of conventional, FHA, and VA loan requirements. Must be proficient with mortgage software such as Calyx, including Fannie Mae Desktop Underwriter, FreddieMac Loan Product Advisor and possess excellent oral and written communication skills to clearly explain loan options to clients. Must be self-motivated, goal-oriented, highly organized, and skilled in time management, with a deep understanding of federal and state regulations governing real estate lending. Highly motivated, production-driven, and professional who can efficiently manage a loan pipeline with minimal day-to-day supervision. Strong financial analysis abilities are essential to assess complex financial data and recommend appropriate financing solutions while ensuring adherence to mortgage loan processing procedures and compliance policies. An active NMLS license/registration is required, along with sound judgment, a high degree of integrity, and a strong commitment to member service excellence. The role requires the ability and willingness to meet with members at their home or business and work flexible hours, including evenings and weekends. A valid Nevada driver’s license, auto insurance, and reliable transportation are required, as well as the ability to work beyond normal credit union business hours. This position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations.

Education and Experience

High School diploma or equivalent.

Physical and Environmental Demands

Must be able to continuously maneuver around the administrative offices and branch locations. Must be able to work in small areas and be able to maneuver around. Must be able to bend, kneel, crouch, twist, reach and work at a desk. Respond to visual and aural cues. Must be able to work in pressure situations in a timely manner. Able to read, write and understand English. Must have manual dexterity to operate the computer and other necessary office equipment. Must be able to remain calm when handling various issues. Must be able to operate motor vehicle and drive from one location to another.

WestStar reserves the right to make changes in the job description whenever necessary.

Job Type: Full-time

Pay: $18.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Experience:

• computer: 1 year (Required)
• Customer service: 1 year (Required)

Work Location: In person

Salary : $18