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Notre Dame Federal Credit Union · 3 days ago

Mortgage Loan Originator

Mishawaka, IN

Full-time

Hybrid

Mid, Senior Level

3+ years exp

Notre Dame Federal Credit Union is a national, award-winning financial institution serving over 56,000 members worldwide. They are seeking a Mortgage Loan Originator who will interview mortgage loan applicants, assist members with various products, and participate in business development activities to promote real estate loan products.

BankingFinanceFinancial ServicesImpact InvestingInsurance

Responsibilities

Personally interviews applicants and requests specified information for loan application. Correct information must be recorded in written form or by computer where automated loan processing technology is available

Generates referral business, leads, and relationships with existing clients, past clients, members, Select Partner Groups, and real estate professionals

Analyzes potential opportunities in each lending situation to further assist the borrower as well as increase the Credit Union’s relationship

Provides financial counseling through interviewing, taking applications, and pre-qualifying applicants

Ensures loan agreements are complete and accurate according to policy and requirements set out in regulation, law, or secondary market requirements for real estate loans

Ensures the successful resolution of mortgage applications and any related problems

Successfully cross sell other lending, deposit, or investment products to all borrowers including educating borrowers on the benefits of utilizing other Credit Union services

Gives sales presentations to Credit Union staff, members, Select Partner Groups, Realtor/Builder offices, and through member mortgage seminars

Provide periodic reports and assist in product development/training to ensure the growth and development of a variety of loan products

Keep apprised market trends and assist in the development/implementation of new products and share trends with appropriate personnel as necessary

Maintain up-to-date knowledge of lending guidelines to ensure that decisions made are knowledgeable and reasonable and shares the guideline updates to appropriate personnel

Represents the Credit Union at Realtor/Builder sales meetings, luncheons, association meetings and business/social events by participating at the events and volunteering for committee assignments

Qualification

Mortgage loan originationUnderwriting knowledgeFinancial counselingRegulatory complianceReal estate knowledgeCommunication skillsTime managementDecision-making skillsOrganization skillsProblem-solving ability

Required

Bachelor's degree in Business or related field of study

Minimum of 3-5 years' experience in origination/serving/underwriting

Ability to read and interpret documents such as credit bureau reports, debt to income ratio reports, policy and procedure manuals

Ability to write routine reports and correspondence

Ability to speak effectively with borrowers and other partners of organization

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals

Ability to compute rate, ratio, and percent and to draw and interpret bar graphs

Ability to solve practical problems and deal with a variety of concrete variables in situations where a considerable amount of standardization exists

Ability to interpret a variety of instructions furnished in written form, including but not limited to Loan Policy and Procedural Manuals, Regulation Z, The Fair Credit Reporting Act, and Mortgage Lending regulations

Excellent communication, organization, time management and decision-making skills

Extensive knowledge of all types of mortgage loan programs

Thorough knowledge of secondary market requirements

Thorough knowledge of Federal and State regulations affecting mortgage lending

Working knowledge of secondary market requirements including origination, underwriting, documentation, loan delivery and servicing 1-4 family loans including construction loans and FHA/VA products