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General Summary:
The Originator proactively solicits new residential mortgage business and sells Community Credit Union mortgage products to meet established loan quality and origination/sales goals. Continually identifies, develops, and maintains a high-quality network of business relationships that serves as a source of recurring referrals for new mortgage loans. A Mortgage Loan Officer’s business relationship network may include realtors, professional and personal contacts, and any other reputable referral sources. This business relationship network is to continue to grow by the Mortgage Loan Officer’s active and regular participation in business development opportunities, professional organizations, chambers of commerce, and other community events focusing on home ownership and mortgage lending.
Responsibilities:
Develops and maintains successful relationships with business referral sources. Prospects new mortgage loan opportunities. Meets or communicates with members as necessary during various stages of the loan process. Provides complete loan applications to our Mortgage Center. Ensures exceptional customer experience by monitoring loan process from origination to closing and providing on-going communication to applicants. Achieves sales goals as established by Community Credit Union.
Activities:
Develops and grows the business referral network through marketing, cold-calling, prospecting and networking activities. Participates in community efforts to promote home ownership. Meets with prospective borrowers. Reviews credit and financial data. Determines borrower financing needs. Presents appropriate Community Credit Union products and programs and explains guidelines. Apprises of pricing and lock rate as required. Identifies opportunities to sell or cross-sell additional credit union products including checking accounts, personal loans, business checking accounts, etc. Collects supporting loan documentation as required and provides complete application package to the Mortgage Center Manager. Works with the Mortgage Center staff to ensure that loan docs are submitted within 5 business days. Work with Mortgage Center Manager and Underwriters to ensure that loan conditions are met and maintains on-going communication with members regarding loan status. Maintains current and thorough knowledge of all lending programs, policies, procedures and regulatory requirements. Performs all job functions in accordance with Community Credit Union’s policies and procedures.
Experience:
Education:
High School Diploma or equivalent. 4-year college degree preferred.
Physical Requirements:
Full Time
$50k-69k (estimate)
04/28/2024
05/16/2024
communitycredit.org
Weskan, KS
50 - 100
The following is the career advancement route for Mortgage Loan Originator positions, which can be used as a reference in future career path planning. As a Mortgage Loan Originator, it can be promoted into senior positions as a Mortgage Loan Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Originator. You can explore the career advancement for a Mortgage Loan Originator below and select your interested title to get hiring information.
If you are interested in becoming a Mortgage Loan Originator, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Originator for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Mortgage Loan Originator job description and responsibilities
Mortgage loan officers also collect and verify all required financial documentation from applicants.
02/28/2022: Santa Rosa, CA
This person helps the home buyer or refinancer choose a loan, and understand all the rates and terms associated.
12/28/2021: Bremerton, WA
Experienced originators learn the field and know how the system works.
01/24/2022: High Point, NC
Good mortgage loan originators will go out of their way to make sure that their clients understand what the mortgage process entails, especially first-time home buyers.
02/14/2022: Paramus, NJ
As a mortgage loan originator, Alter will be responsible for originating mortgage purchases, refinances and home equity loans.
01/21/2022: Carson City, NV
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Mortgage Loan Originator jobs
Good loan originators typically work hard to develop new business opportunities whenever possible.
02/25/2022: Vineland, NJ
Monitor the application process.
02/15/2022: Greenville, MS
Loan Officers Genuinely Help People.
02/09/2022: Saginaw, MI
Three to five years experience as a Real Estate Loan Originator.
02/09/2022: Lebanon, PA
Employers typically prefer those possessing the following skills – a strong understanding of state and federal laws, ability to check the accuracy of the applications; good knowledge of accounting and finance, a solid understanding of how sales pipelines
01/27/2022: Idaho Falls, ID
Step 3: View the best colleges and universities for Mortgage Loan Originator.