WECU · 18 hours ago
Real Estate Loan Officer
Bellingham, WA, US
Full-time
Onsite
Entry, Mid Level
$36K/yr - $36K/yr
2+ years expWECU is a not-for-profit financial cooperative seeking a Real Estate Loan Officer to serve borrowers in Washington state. The role involves delivering a quality member experience through efficient residential mortgage origination and maintaining a network of business relationships to achieve production goals.
Consumer LendingCreditCredit CardsFinancial Services
Responsibilities
Promote the credit union as a real estate team member by making outside sales calls to brokers and realtors using sales techniques and ability
Meet with borrowers interested in or applying for real estate loans. Gather information and/or documentation, make recommendations, and process applications as appropriate. Provide timely, clear and concise communication throughout the application process to include progress and next steps. This includes communicating loan application status on both approvals and denials as well as providing education and insight for future applications. Attend all loan closings where possible
Prepare and issue initial disclosures in accordance with current regulations
Monitor all loans in process to ensure proper documentation is being obtained and keep an updated pipeline
Ensure the confidentiality and security of loans being processed
Issue pre-qualification letters according to WECU guidelines
Provide information to members regarding loan rates and terms, application processing, credit reporting, loan funding and ongoing servicing
Attend field and community driven functions to show WECU presence and support
Stay current on real estate law and secondary market guidelines using appropriate resources and research
Actively cross sell other WECU products and services that would complement the member’s financial needs
Stay informed in all aspects of WECU’s business plans, operations, changes to policy and procedure, as well as WECU’s history and philosophy
Follow policy and procedures related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP) and Customer Due Diligence (CDD) daily to ensure compliance with current regulations
Follow policy and procedures related to OFAC by consistently running entities and non-member check payee names through the Bridger system
Follow policy and procedures related to SARs by monitoring and reporting suspicious activity to the Compliance department. Notify immediate supervisor of any substantive discrepancies with respect to information obtained under the CIP, including fraudulent identification, fraudulent applications, etc
Complete mandatory BSA/AML annual training via online web course
Maintain registry for Nationwide Mortgage Licensing System & Registration (NMLS)
Perform specific and delegated duties as assigned by management
Provide accurate loan payoff or verification information to members, other financial institutions and escrow companies
Process and order supporting documentation for all loan transactions. (i.e. appraisal, verification of employment, credit report, title commitment, etc.)
Review subordination requests and partial reconveyance requests for approval and processing
Follows WECU’s policies and all applicable laws and regulations
Performs other duties as assigned and may also assist others to complete tasks and work assignments
Qualification
Required
High school diploma or GED
Two years of experience in a related field with equal responsibilities is acceptable. Formal training should be supplemented with continuing education
Working knowledge of the credit union's products and services
Working knowledge of organizational policies/procedures and credit union's service philosophy
Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion
Working knowledge of credit union's in-house computer system and real estate loan processing system
Knowledge of state and federal lending regulations
Ability to exercise judgment, initiative, and tact in dealing with members, management and staff
Ability to represent the credit union in a positive, professional manner in person, on the telephone, and in written correspondence
Knowledge in processing and packaging secondary market loans
Benefits
Robust medical, dental, and vision benefits with low employee premiums
401(k) retirement plan with an 8% annual contribution from WECU
Bonus plan
Two or more weeks of vacation
Up to 11 paid holidays
Paid life and disability insurance
Annual wellness benefit
Loan discounts
Professional development
Company
WECU
WECU provides checking, saving accounts, credit cards, loans, real estate lending, cash management, customer lending and merchant services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Jennifer (Brown) Kutcher
President/CEO
Recent News
2025-10-09
Bank Automation News
2024-12-16
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