Mortgage Loan Officer

About the role

The Mortgage Loan Officer position at VyStar Credit Union is responsible for originating residential first mortgage and equity loans, participating in related business development activities, and providing quality mortgage loan origination servicing in accordance with VyStar's mortgage lending policies, practices, and procedures.

Responsibilities

• Originates residential mortgage loans and solicits residential first mortgages and equity loans through contacts with realtors, builders, developers, and personal referrals.
• Provides quality service to members and potential members seeking residential mortgage loans.
• Interviews applicants to develop information concerning their financial needs, desires, and earnings to assist in determining whether the loan will be an acceptable credit risk.
• Obtains and analyzes pertinent financial and credit data.
• Enters data into the point of sale origination software to complete the loan application.
• Discusses application with member, counsels, and answers member questions concerning mortgage loan programs.
• Requests any additional information required to complete the loan application package prior to submission for processing.
• Maintains communication with processor regarding progress of each mortgage loan file and communicates status and information to member.
• Affords the required three-day disclosures along with other pertinent mortgage disclosures to the member electronically, though may be required to provide them in paper form should the member decline to accept them electronically.
• Maintains documentation of communication with the member and/or other interested parties in the loan transaction in the mortgage origination software application.
• Aids the assigned mortgage loan processor and closer to obtain documentation to ensure a smooth mortgage loan process.
• Proactively communicates status of loan throughout the loan process.
• Makes a concerted effort to attend the mortgage loan closing with the member.
• Reviews monthly production reports with the Mortgage Loan Officer Manager to ensure goals are being met.
• Cross-sells other credit union services.

Requirements

• A minimum of two years prior experience in the mortgage industry, preferably as a mortgage loan officer or mortgage loan interviewer in a direct member contact capacity with a financial or mortgage lending institution.
• A proven production and track record in heavy customer contact.
• A self-disciplined and goal-oriented worker with a demonstrated ability to work independently.
• Superior communication skills.
• Familiarity with conventional, VA, FHA, and equity loan financing as well as the knowledge of all regulations governing mortgage lending.
• Well-versed in private mortgage insurance and secondary market lending guidelines.

Skills

• Excellent communication skills.
• Knowledge of federal regulations and secondary market requirements.

Benefits

• Competitive pay.
• An excellent benefit package including a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement available to all full and part-time employees.

Pay

Salary range: $50,000 - $60,000 annually.

Schedule

Part time positions start at a minimum of 30 hours per week.

Qualifications

• High school diploma or equivalent.
• A two-year college degree or higher is preferred.
• Must be fully functional and producing consistently within six months.

Skills & Abilities

• Experience in the mortgage industry, preferably as a mortgage loan officer or mortgage loan interviewer.
• Self-disciplined and goal-oriented worker.
• Superior communication skills.
• Familiarity with conventional, VA, FHA, and equity loan financing as well as the knowledge of all regulations governing mortgage lending.
• Well-versed in private mortgage insurance and secondary market lending guidelines.

Disclaimers and Work Environment

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• As required or requested, may exert up to 20 pounds of force occasionally and/or negligible amount of force constantly to lift, carry, push, pull, or otherwise move objects.