Mortgage Loan Officer - Lynchburg Area

Primary Function

Responsible for assisting Virginia Credit Union members in obtaining first mortgage loans including FHA, USDA-RD, VA, and VHDA. Develop and maintain business relationships with VACU partners, builders and realtors. Obtain and maintain all pertinent documents for processing. Responsible for application from initial receipt through loan approval/closing and ensuring that the application is handled in a timely manner. Exemplify excellent member service.

JOB DUTIES AND RESPONSIBILITIES

• Interview members for first mortgage loans including purchase and refinance transactions.
• Aid members with understanding the homeownership process or other related mortgage products, including conventional and government lending programs.
• Present mortgage options that balance leverage and home affordability.
• Facilitate homeownership programs and seminars.
• Aid in the development of marketing strategies to deepen mortgage relationships with members.
• Consistently communicate with members their application status, (approval, denial, additional documentation, etc.), and current interest rates.
• Ensure interest rates are locked in conformity with VACU policies.
• Conduct preliminary underwriting reviews to assess secondary market standards (where applicable) or VACU guidelines.
• Submit complete applications to processing and underwriting using computer technology.
• Aid in obtaining information for timely processing of all mortgage loans.
• Verify supporting documentation including, but not limited to, employment history, deposit information and other documentation related to the application.
• Comply with Regulations B, X and Z regarding the completion of required disclosures including, but not limited to, the Good Faith Estimate, Truth in Lending, Potential Transfer of Servicing Form, and if required, the Adverse Action notice.
• Promote VACU mortgage products at branch locations, VACU finance seminars, and cross-promote other VACU financial services options such as consumer lending, investment services, property and casualty insurance, title and settlement services, and VACU Realty / Select and Joyner Fine Properties.
• Complete all required BSA and OFAC training and other required learnings.
• Report all suspicious activity to Security.
• Other duties may be required and assigned by the manager.

Prerequisites for Position

• Education: High School Graduate; College graduate preferred, but not required.
• Work Experience: Significant conventional and government loan experience required. Excellent knowledge of mortgage documentation as well as federal, state, and local real estate regulations required. Prior experience building Dealer/Realtor relationships and marketing mortgage products preferred. Retail and Branch banking experience preferred. Experience using ENCOMPASS/VELOCIFY/BLEND automated underwriting system a plus.

Desirable Traits

• Excellent oral and written communication skills.
• Strong member service and sales ability as demonstrated by monthly sales volume of $1mm of funded loans per month.
• Strong problem solving and organizational skills.
• Ability to analyze financial information.
• Must be a team player.
• Computer experience required.

Comments

• Overtime and/or Saturday hours may be required.
• NMLS Must be able to be actively registered with the Nationwide Mortgage Licensing System and Registry (NMLS).
• This job requires the ability to sit for long periods of time. This job requires infrequent lifting or carrying of objects up to 10 pounds.