Mortgage Loan Originator, Credit Union, CO

Summary/Objective:

Originates mortgage loans in an assigned territory; develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit business and conduct sales-related activities, in order to meet specific loan volume origination goals. Counsels customers, takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval using laptop technology. Remains front line contact with customers and realtors to ensure that documents required for processing, underwriting, and closing are secured in a timely manner. The salary for this position is 100% commission.

Essential Functions include:

• Interviews and assists members. Inputs loan applications into on-line loan system. Monitors on-line queue of member originated loans. Reviews files for completeness and accuracy. Communicates with loan processor/closer regarding any outstanding items and/or additional documentation needed. Requests additional information. Communicates terms and conditions of an approved loan and reviews with member. Delivers Good Faith Estimate/ TIL disclosures within 72 hours of application date.
• Assists with processing and loan closing coordination with member.
• Cross-sells other credit union services.     
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).

Required Competencies:

Driving Successful Customer Engagements, Initiating Action, Creating Demand through Insight, Sustaining Customer Satisfaction, Adaptability, Sales Negotiation, Authenticity, Continuous Learning, Sales Negotiation, Work Standards, High-Impact Communication, Advancing Sales Discussions, Technical/Professional Knowledge and Skills, Coaching the Sales Team

Required Education and Experience:

• Equivalent to a two-year college degree or completion of a specialized course of study at a business or trade school
• Minimum of two years of current mortgage experience.

Preferred Education and Experience:

• Experience with FNMA Desktop Underwriter, FHLMC, FHA, and VA, PC Lender and Mortgage processing systems desired.

Work Environment:

This job operates in an office setting and routinely uses standard office equipment. Elevations uses multi-factor authentication to keep our data safe. As such, a personal smart phone is a requirement for employment with us.

 

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. 

Client :  is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1953, we’ve grown from 12 members and less than $100 in assets to an institution with 13 branches and more than 120,000 members that manages over $2 billion in assets and is the No. 1 credit union mortgage lender in Colorado. We’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.