Mortgage Loan Officer

About the role

The Mortgage Loan Officer originates first mortgage loan applications for the Credit Union. They also process Home Equity applications for members, train staff, and participate in networking events.

Responsibilities

• Conducts interviews and needs analysis with applicants to understand their home buying process and loan options.
• Educates applicants on financing options, loan pricing, and associated fees.
• Verifies income, debt, and credit history for loan applications.
• Processes Home Equity applications alongside mortgage applications if member consents.
• Analyzes loan applications for eligibility to sell to FHLBI.
• Participates in real estate broker and builder networking to promote Credit Union products.
• Maintains staff training for mortgage loan processing.
• Supports the Real Estate Lending Manager and volunteers in community activities.

Requirements

• Bachelor's degree or equivalent experience.
• Ability to read, analyze, and interpret business materials.
• Effective communication skills, both written and verbal.
• Basic math skills and ability to compute financial figures.
• Problem-solving and decision-making abilities.
• Physical stamina to stand, walk, stoop, kneel, and crouch.
• Ability to lift up to 25 pounds.

Qualifications

• Strong interpersonal and customer service skills.
• Knowledge of mortgage and Home Equity loan programs.
• Understanding of Credit Union Act, credit legislation, and lending practices.
• Compliance with regulatory requirements like BSA, OFAC, and AML.

Skills

• Excellent communication and presentation skills.
• Proficiency in Microsoft Office Suite.
• Ability to manage multiple tasks and prioritize responsibilities.
• Attention to detail and accuracy in data entry and record-keeping.

Benefits

Includes comprehensive benefits such as low-cost/high-coverage medical, dental, and vision plans, paid time off, flexible work environment, tuition reimbursement, and a student loan debt repayment program. There is also a generous 401(k) plan with employer matching.

Pay

Competitive salary commensurate with experience.

Schedule

Flexible work hours to accommodate personal and professional needs.