Job Type Full-timeDescriptionAdventure Credit Union has been providing financial services to their members for over 80 years and are continuing to grow to meet their members changing needs. As one of the Best & Brightest Companies To Work For In The Nation, we strive to recruit and retain ambitious and talented individuals by continuous development, support, and appreciation. We currently are looking to add a full time Mortgage Loan Originator (MLO) to our Adventure Team! At Adventure, our mortgage loans are internally sourced with expectations of external sourcing as well. The Mortgage Loan Originator role offers a high base salary and commission. The primary purpose of this position is to perform first lien mortgage and construction loan origination functions for the mortgage department. Assists members with loan inquiries/requests and matching their needs to the credit union's loan solutions while maintaining a high level of service and confidentiality. They are responsible for interviewing applicants, discussing features and benefits of loan products, determining the right product, collecting loan documentation and maintaining compliance with proper disclosure timelines. This includes proper disclosure of loan terms, submitting complete files to underwriting and seeing the file through closing. The Mortgage Loan Originator may receive referrals from the Credit Union's branch network but is expected to forge relationships with outside referral sources to expand the member base. Positively supports Adventure Credit Union's brand and promotes a service culture consistent with the credit unions' mission, vision, core values and goal of being a Trusted Financial Guide.Responsibilities include, but not limited to:
- The Mortgage Loan Originator role offers a generous base salary (no draws) and commission. Internally sourced leads through banking and online channels.
- Solicits mortgage and construction loans and informs members of current programs and rates offered by the credit union.
- Interviews mortgage applicants, collects data, and submits to underwriting. Discusses program features, options, requirements and loan alternatives with members in a positive manner.
- Originates loans within portfolio and secondary market guidelines.
- Validates data input and gains AUS approval.
- Conveys proper pricing to the member and communicates accepted terms to the rate lock desk.
- Communicates locked rate to MLC for initial disclosures and third party reports.
- Maintains awareness and compliance regarding changes in the mortgage lending field, including government regulations.
- Uses analytical skills to render sound lending guidance. Informs member of approval or denial.
- Develops meaningful and lasting relationships with members and referral sources to build repeat and referral business.
- Performs loan/home ownership counseling to assist members with the ability to purchase/mortgage in the future.
- Builds and maintains relationships with branch staff, real estate agents and others to maximize Credit Union mortgage opportunities.
- Ensures that cross-sell opportunities are maximized and sales goals are met continuously by matching member needs to product benefits.
- Follow up on previously originated closed mortgage loans to refinance to new and better loans programs/interest rates for members.
- Resolves routine and non-routine challenges and provides information to members quickly and professionally while maintaining the highest level of confidentially.
RequirementsRequirements:
- Associate's Degree or completion of specialized course of study at a business or trade school or equivalent combination of education and work experience.
- A minimum of three (3) years of experience in mortgage industry.
- Understanding of mortgage processing, programs, procedures, software and products.
- A minimum of two (2) years of experience originating mortgage loans conforming to secondary market guidelines.
- Understanding of mortgage processing, programs, procedures, software and products.
- Must obtain, maintain and disclose an NMLS registry ID number in accordance with the SAFE Act.