Real Estate Loan Officer I

About the role

Assist members with their mortgage lending needs: analyze loan requests and make credit decisions based on mortgage lending policy.

Responsibilities

• Sell the Credit Union's mortgage lending program to companies and individuals within the Real Estate Community.
• Establish & grow realtor referral business.
• Be available during weekends/evenings for borrower/realtor contact and be able to generate pre-approval letters off-site.
• Attend a minimum of 10 marketing events per year.
• Attend 50% of all closings.
• Review and evaluate information on mortgage loan documents to determine if buyer, property, and loan conditions meet credit union and governmental standards.
• Request additional information as needed.
• Work with the underwriter to establish terms and conditions of an approved loan and review with members.
• Prepare preliminary loan file per LO requirements by assembling and organizing documents, including acceptance or denial before turning over to processor/operations.
• Cross-sell other Credit Union services.
• Keep informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Performs other duties as assigned by supervisor.
• Employees shall be trained annually, demonstrate an understanding of, and follow the requirements of the BSA/AML Compliance Program as it specifically relates to their job functions.

Qualifications

Experience: Three years to five years of similar or related experience.

Education: (1) A two year college degree or (2) Completion of a specialized course of study at a business or trade school or (3) Completion of a specialized and extensive in-house training or apprenticeship program.

Skills

• Must be able to type, use PC and general office equipment including 10-key calculator.
• Must have excellent communication skills including oral, written, and interpersonal.
• Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

Pay

$23.00/hour + Commission