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Loan Origination Officers

Company Name:
UNFCU Financial Advisors
POSITION PURPOSE
This position performs the solicitation and origination of residential first Mortgage/HELOC/HELOAN origination with potential applicant(s), determination of applicants financial needs and promotion of UNFCU mortgage products that meet those needs, in compliance with UNFCU loan policy and federal, state and NCUA rules, regulations and laws. This includes communication with members and staff while upholding UNFCUs commitment to quality member service and representing UNFCU in a positive and professional manner. This position is a self sourcing position leveraging relationship building skills to broaden the UNFCU membership.
ACCOUNTABILITIES
Interview applicant(s) for residential first and second mortgage business to determine qualifications and appropriate product(s); explore all possible alternatives and make appropriate recommendations for products and services for the member/applicant; establish and maintain relationships with potential applicants and promote/solicit mortgage business; provide mortgage product education to membership.
Manage the application process; transfer information taken from the applicant into appropriate information systems; provide required disclosures and review with members for accuracy; ensure the accurate preparation of application forms required by UNFCU, in compliance with all related regulations and laws; perform analysis of required documents to appropriately advise membership; monitor regulatory environment for possible changes that may affect residential mortgage lending procedures/guidelines; assist in the resolution of problem situations and commitment conditions.
Develop methodologies to determine opportunities for new mortgage business and develops relationships to assist borrowers during the mortgage process.
Follow-up with the Processors to ensure the timely closing of the mortgage. Inform members of the status of their files in accordance with UNFCUs guidelines for frequency and timeliness.
Monitor products, services and rates to ensure UNFCU rates are competitive. Recommend changes to management based on local and national market conditions.
Participate in Mortgage Centre initiatives and seminars to educate membership and publicize mortgage operations.
Identify opportunities to offer additional mortgage products or cross-sell other credit union products or services.
Initiate referrals to the Investment/Insurance Centre and acts as a resource within the overall Mortgage Department.
Prepare monthly origination/production reports for management and participate in sales tracking.
Participate in credit union training programs and any other function as requested.
QUALIFICATIONS & EXPERIENCE
The successful candidate in this position must possess a full range of knowledge in residential mortgage lending origination, as well as the skills/abilities to fulfill the accountabilities described in this posting.
Thorough knowledge of mortgage lending regulations (i.e. RESPA, REG Z and ECOA), secondary mortgage market FNMA or FHLMC and private mortgage insurance guidelines required, in addition to ability to read and interpret appraisals, tax returns and credit reports.
Excellent sales and service orientation with strong organizational and communication skills is desired.
Familiarity with mortgage software programs and general computer aptitude is necessary.
A professional appearance, willingness to work flexible hours and availability to meet with applicants outside traditional working hours is necessary.
A typical pathway of obtaining the requisite knowledge and skills is graduation with a two/four year degree or some college coursework completed plus 2 - 4 years of progressive mortgage originations experience.
An incumbent in this position should be registered with the federal Nationwide Mortgage Licensing System Registry pursuant to SAFE ACT requirements. All incumbents engaged in residential loan mortgage originations (as defined by the SAFE ACT) should register with the federal registry system and maintain a status in good standing under the SAFE ACT requirements. Failure to maintain a status in good standing under the SAFE ACT background check and registration will affect eligibility for continued employment.
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