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Mortgage Loan Officer

Company: Westerra Credit Union
Location: Parker
Posted on: November 19, 2022

Job Description:

What is the role?

The Mortgage Loan Officer is responsible for assisting members and potential members through the mortgage loan application process. With a duel focus on current member referrals as well as outside sales to attract new members. Branch MLOs will work in conjunction with their branch partners to provide superior service to our members. As well as develop and build referral relationships with realtors, builders and other sources in order to proactively solicit our Westerra (Portfolio and Secondary Market) business, conducting sales related activities to meet loan volume origination goals, Counseling applicants and working with the operations staff throughout the entire process.

Salary: Commission with competitive incentives

What will be expected of me?

  • Work in conjunction with your branch partners to provide superior service to our members assisting them with their mortgage needs,
  • Develop and build referral relationships with external sources such as realtors, builders and others to proactively promote Westerra's portfolio and secondary market mortgage products.
  • Conduct a thorough and detailed interview with members and potential new members to identify their financial needs. Evaluate and structure first and closed end second mortgage applications.
  • Initiate and guide members timely through a detailed and comprehensive loan application process in Mortgage Cadence, the Credit Union's Loan Operating System (LOS) according to established department policies, processes and procedures.
  • Analyze credit, run initial automated underwriting engine (DU) follow findings and/or company standards.
  • Obtain and review all documentation for completeness, accuracy and adherence to the Credit Union's quality standards for due diligence and data integrity.
  • Ensure all appropriate disclosures and required documents are issued within the required timeframes to meet compliance standards including but not limited to HMDA, RESPA, Reg Z, and/or the Credit Union's lending policies.
  • Communicate in a continuous and timely manner with all parties involved in the transaction (internal and external) to ensure clarity, according to Westerra's established service standards. Properly document all communications in the LOS.
  • Maintain a high level of confidentiality.
  • Production requirements are a minimum of $1,000,000 a month in closed first/second mortgage loans after the first six (6) months of employment.
  • Continue education and training as needed for company, state, federal and investor requirements and guidelines to keep current on all mortgage products, procedures and guidelines.
  • Complete monthly and weekly required reports as determined by the department.
  • Review and coach the work of lower level professionals within the team
  • Other duties as assigned.
    Will I have Direct Reports? No

    What I'm bringing---


    • Bachelor degree or equivalent work experience
    • Minimum three years mortgage lending experience
    • NMLS Registration
      Skills and Abilities:

      • Demonstrated sales and marketing ability
      • Excellent oral and written communication skills
      • Ability to interact well with others in a positive manner
      • Strong Computer skills including a Loan Operating System (preferred Mortgage Cadence) Microsoft Office applications
      • Desktop Underwriter
      • 10 key, HP or Financial Calculator
      • Ability to Learn and demonstrate that learning on the job
      • Detail oriented with strong organizational and time management skills
      • Must maintain high-level of confidentiality
      • Can be accountable for managing projects/processes, working independently with limited supervision
      • Acts autonomously on most decisions. Requires guidance on more complex judgments.
      • Advanced understanding of the business line and a growing understanding of the overall organization and competitive environment.
      • Able to handle problems that are difficult and sometimes complex
      • Ability to influence timelines, expectations, and proactively negotiate within department
        What is the work environment like, and are there physical requirements for this role?

        Office environment and outside field marketing

Keywords: Westerra Credit Union, Parker , Mortgage Loan Officer, Other , Parker, Colorado

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