Mortgage Loan Originator
Company: Community Credit Union
Location: Peabody
Posted on: May 21, 2023
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Job Description:
General Summary:The Originator proactively solicits new
residential mortgage business and sells Community Credit Union
mortgage products to meet established loan quality and
origination/sales goals. Continually identifies, develops, and
maintains a high-quality network of business relationships that
serves as a source of recurring referrals for new mortgage loans. A
Mortgage Loan Officer's business relationship network may include
realtors, professional and personal contacts, and any other
reputable referral sources. This business relationship network is
to continue to grow by the Mortgage Loan Officer's active and
regular participation in business development opportunities,
professional organizations, chambers of commerce, and other
community events focusing on home ownership and mortgage
lending.Responsibilities:Develops and maintains successful
relationships with business referral sources. Prospects new
mortgage loan opportunities. Meets or communicates with members as
necessary during various stages of the loan process. Provides
complete loan applications to our Mortgage Center. Ensures
exceptional customer experience by monitoring loan process from
origination to closing and providing on-going communication to
applicants. Achieves sales goals as established by Community Credit
Union.Activities:Develops and grows the business referral network
through marketing, cold-calling, prospecting and networking
activities. Participates in community efforts to promote home
ownership. Meets with prospective borrowers. Reviews credit and
financial data. Determines borrower financing needs. Presents
appropriate Community Credit Union products and programs and
explains guidelines. Apprises of pricing and lock rate as required.
Identifies opportunities to sell or cross-sell additional credit
union products including checking accounts, personal loans,
business checking accounts, etc. Collects supporting loan
documentation as required and provides complete application package
to the Mortgage Center Manager. Works with the Mortgage Center
staff to ensure that loan docs are submitted within 5 business
days. Work with Mortgage Center Manager and Underwriters to ensure
that loan conditions are met and maintains on-going communication
with members regarding loan status. Maintains current and thorough
knowledge of all lending programs, policies, procedures and
regulatory requirements. Performs all job functions in accordance
with Community Credit Union's policies and
procedures.Experience:Minimum of 2 years of residential Mortgage
Lending experience with a focus on generating new
business.Experience in prospecting, generating leads, closing
business, and consistently meeting sales goals.Established network
of referral business including realtors and other business or
community leaders.Demonstrated understanding of Mortgage
Processing, underwriting and closing procedures.Knowledge of
conventional and/or government lending guidelines.Understanding of
regulations on Real Estate Lending.Current NMLS registration is a
requirement for this position.Strong computer skills including
Microsoft Office and personal computers.Ability to prioritize,
multitask, and meet deadlines during various stages of the loan
process.Ability to communicate clearly and effectively, verbally
and in writing, with borrowers and credit union staff.Ability to
analyze financial statements, tax returns and to recommend possible
financing scenarios.Professional and effective interpersonal
skills.Education:High School Diploma or equivalent. 4-year college
degree preferred.Physical Requirements:Prolonged periods sitting at
a desk and working on a computer.Must be able to lift up to 15
pounds at times.
Keywords: Community Credit Union, Peabody , Mortgage Loan Originator, Other , Peabody, Massachusetts
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