Outside Mortgage Loan Officer - Remote

About the role

Join Our Team For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work.

Job Duties

• Initiate the mortgage loan application process by meeting with and interviewing members and non-members to determine the mortgage product that best meets the applicant’s needs
• Review documents presented and create a loan file within the mortgage loan origination system
• Communicate mortgage offers verbally and prepare adverse action letters to the applicants when applicable
• Develop and maintain business relationships with centers of influence in the assigned region or state such as real estate and attorney offices
• Source new business by independently identifying potential clients that are in the market for a mortgage, and communicate the credit union’s different mortgage programs, products and guidelines to these clients
• Evaluate and determine the creditworthiness of an application that is being submitted by a client for a mortgage
• Manage and monitor the file from application to closing by collecting and verifying all documentation in relation to the application
• Work closely with the mortgage sales manager and processing team at the credit union by providing extraordinary service to both internal and external partners
• Align individual goals with the credit union’s goals by meeting and exceeding productivity, quality and member service standards; provide recommendations whenever necessary to improve the mortgage process
• Partner and work closely with the mortgage sales manager by executing on specific projects to drive profitability for the credit union in the mortgage channel
• Attend networking events on behalf of the credit union and business development teams to include breakfasts, lunches to grow and improve his/her networking and prospecting opportunities
• Comply with all aspects of rules and regulations such as BSA (Bank Secrecy Act), AML (Anti-Money Laundering), OFAC (Office of Foreign Asset Control) and RESPA (Real Estate Settlement Procedures Act) as it relates to the position

Qualifications & Education

• High School Diploma Required; Bachelor’s degree (B.A.) from four-year College or University preferred
• 1 years mortgage origination or mortgage sales experience
• Must have passed SAFE/NYS NMLS and maintain licensing and complete all related annual continuing education
• Certification Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry
• NMLS certification required
• Incumbent must possess a unique identifier number
• Incumbent must renew registration annually between November 1 and December 31st of each calendar year
• Any registration not renewed will become inactive
• It is also the incumbent’s responsibility to update the registry when applicable such as name change, job or employment changes

Benefits

• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
• The salary for this position is $37,000.00 annually plus commission eligibility with unlimited earning potential

Pay

$37,000.00 annually plus commission eligibility with unlimited earning potential

Schedule

Not specified