Veridian Credit Union · 1 month ago
Mortgage Loan Originator - FT
Council Bluffs, Council Bluffs, IA, US
Full-time
Hybrid
Mid, Senior Level
4+ years expVeridian Credit Union is an award-winning financial institution seeking a Mortgage Loan Originator. The role involves consulting members on mortgage products, processing loan applications, and maintaining relationships with realtors to generate mortgage loans.
BankingCredit CardsFinancial Services
Responsibilities
Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations
Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines
Interview members applying for mortgage loans and assist them with selecting the appropriate loan program
Issue prequalification or preapproval letters on pre-purchases
Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members
Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system
Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis
Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process
Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments
Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
Provide members with updated disclosures when required and document applicable change in circumstance
Communicate regularly with members on their mortgage loan, including updates on appraised values, outstanding conditions or stipulations, timing of closing, etc
Cultivate and maintain relationships with realtors by communicating updates on loans in progress and attending real estate-related functions
Actively sell products and services offered by the credit union including deposit products, insurance, consumer loans, and investments, to help the member meet their financial goals
Communicate final loan numbers from the settlement statement with members prior to closing to inform the member of final figures and amount to bring to closing
Work with members to resolve questions/concerns after loan closing
Ability, availability, and willingness to work flexible hours to accommodate loan volume during periods of peak demand
Qualification
Required
High School Diploma
4+ years of lending experience with proven sales success and top producer results
Proficiency in Microsoft Outlook, Word, and Excel
Nationwide Mortgage Licensing System ID number
Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations
Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines
Interview members applying for mortgage loans and assist them with selecting the appropriate loan program
Issue prequalification or preapproval letters on pre-purchases
Complete the loan application and communicate all initial disclosures to the applicant
Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting
Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis
Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process
Obtain rate locks or pricing commitments with investors
Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
Provide members with updated disclosures when required and document applicable change in circumstance
Communicate regularly with members on their mortgage loan
Cultivate and maintain relationships with realtors
Actively sell products and services offered by the credit union
Communicate final loan numbers from the settlement statement with members prior to closing
Work with members to resolve questions/concerns after loan closing
Ability, availability, and willingness to work flexible hours to accommodate loan volume during periods of peak demand
Oral and written communication skills
Member service focus
Attention to detail and accuracy
Positive attitude that supports a team environment
Dependable and punctual; flexible during peak times
High level of confidentiality
Organizational skills
Self-motivated; ability to work without close supervision
Problem solving; analysis
Extensive travel; valid driver's license required
Preferred
First mortgage origination experience
Company
Veridian Credit Union
Veridian Credit Union offers a full range of consumer financial services.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
R
Renee Christoffer
President and CEO
Brett Engstrom
Chief Information Officer
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