Mortgage Loan Officer

Description

GENERAL PURPOSE

Responsible for growth and development of the mortgage program at the credit union, through self-generated mortgage leads as well as internal referrals. This position promotes mortgage lending through contacts with realtors, builders, networking, and members. This position is responsible for all aspects of residential mortgage loan origination.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Uphold CCU's core values: Be the Advocate, Embrace Curiosity, and Be Compassionate.
• Develop referral relationships with realtors, builders, associations, and other sources to proactively solicit business, conduct sales-related activities, and increase awareness of Colorado Credit Union mortgage program.
• Responsible for the origination of all residential mortgage loans in accordance with established goals and standards for the credit union and in compliance with all company, third party, agreed, local, states, and federal guidelines, rules and regulations associated with residential lending.
• Interviews members applying for residential mortgage loans, obtaining pertinent financial and loan information. Analyzes the member’s financial posture to determine if it meets minimum loan criteria established by credit union.
• Ensure the protection of the credit union’s assets through adequate and accurate verification of property values, tax assessments, members’ employment history and earnings, credit information, flood certification and other necessary data utilized in loan decisioning.
• Consistently educating oneself with regulatory changes as well as investor changes.
• Cross-sell all credit union products and services.
• Meets or exceeds individual sales goals in order to support the achievement of overall CU goals.
• Participate in credit union business development and community volunteer opportunities.
• Adhere to all service standards as outlined in the credit union’s policies and procedures.
• Ensures that lending operations are conducted in accordance with established Credit Union policies, procedures, approval authority and all fair lending laws (i.e. Equal Credit Opportunity Act , Consumer Credit Protection Act, Truth In Lending Act, Fair Housing Act and Home Mortgage Disclosure Act, etc.). Ensures compliance with the non-discrimination provisions of applicable fair lending laws and regulations.
• Perform other duties as requested or needed.

Qualifications

KNOWLEDGE, SKILL AND ABILITY

• Must demonstrate strong sales acumen.

• Knowledge of and ability to apply principles of lending and lending regulations.  Thorough knowledge of lending products and credit union lending policies.
•  Ability to apply effective member service skills, apply logic, counsel, read. 
• Ability to analyze credit information, make decisions, and communicate in writing and verbally (by phone and in person).
•  Ability to perform basic mathematical calculations such as adding, subtracting, multiplying and dividing.
• Must be able to work independently and prioritize workload. This may include working off-business hours to meet sales goals and achieve high levels of member service.

EDUCATION AND FORMAL TRAINING

Associate’s degree in business administration or related discipline.

EXPERIENCE

• Minimum of two years lending and residential mortgage loan origination background.
• Prefer experience working with Desktop Underwriter, Fannie Mae, and Freddie Mac.
• Prefer extensive financial institution background.

BENEFITS

This position is eligible for the following benefits:

• Medical/Dental/Vision Insurance
• Company Paid Life, Short-term Disability, and Long-term Disability Insurance
• 401k Employer Contributions & Match
• Annual Profit Sharing  funded into the 401k
• Tuition Reimbursement (Max $5,250.00/annually)
• Paid Time Off 
• Company Paid Holidays
• Work-Life Balance and Flexible Work Schedules
• Cross-Training and Career Development Opportunities
• Employee Recognition Program
• Monthly Commission Opportunities
• Annual Bonus Based on Company Performance
• Bilingual Pay Differential for Employees Fluent in Spanish