Mortgage Loan Officer – Commission with Draw

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🔥 25 minutes ago

🎰 Nevada – Remote

🎰 Nevada – Remote

💵 $41.6k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Sandia Laboratory Federal Credit Union

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201 - 500 employees

Sandia Laboratory Federal Credit Union is one of the top-rated credit unions in the country, and was named as the Best-in-State Credit Union for New Mexico by Forbes in 2019 and 2020. We’re member-owned and not-for-profit, working for our members’ best interests.

📋 Description

• Self-Sourced Mortgage Loan Originator who originates, reviews and evaluates mortgage loan applications and makes recommendations • Counsel members regarding appropriate financial planning and practices • Assist in growing the credit union membership by self-sourcing mortgage applicants by working closely with referral partners such as Realtor, Builder, and other trade organizations • Interview and process mortgage loan requests by appointment, web application, phone, and walk-in • Evaluate credit worthiness • Analyze supporting documentation (e.g. paystubs, W-2‘s, tax returns, asset documents, etc.) • Use credit reports and supporting documentation to verify accuracy of application • Review purchase agreements, warranty deeds, real estate contracts and other property related documentation provided by the borrower or real estate professional • Disclose loan applications accurately, and in a timely manner, remaining in compliance with all State and Federal Regulations • Provide sound reasoning for approval or denial of the loan application that is documented in Loan notes and with supporting documentation • Provide a superior member experience by actively listening to and assessing needs of the member and non/member • Explain the features and benefits of targeted products and services • Offer targeted solutions to meet the members needs • Educate and advise members of financial planning, credit worthiness, underwriting guidelines, interest rates and products • Provide sufficient information so that the member can make an educated decision on the product and rate chosen • Strive to exceed the Credit Union’s service and sales goals through the development and maintenance of member relationships • Cross-sell consumer and commercial products to members, when appropriate • Develop external relationships with realtors and builders • Participate in mortgage seminars, Realtor on Duty and CU Realty functions, and other events as requested • Follow up with attendees to develop additional relationships and loans • Meet or exceed annual department origination goals as set by Management • Complete all steps required to register and renew, yearly, with Nationwide Mortgage Licensing System and Registry (NMLS) • Ensure that all personal data is kept up to date with NMLS • Complete SAFE Act training as required by the Credit Union • Attend schools, seminars and other types of training to further expand and enhance product knowledge • Perform other duties as requested by management.

🎯 Requirements

• Minimum three years’ experience originating mortgage loans • Minimum of HS Diploma or GED equivalent • Thorough understanding of mortgage lending fundamentals and regulations • Strong knowledge of mortgage products • Excellent interpersonal skills • Strong verbal and written communication skills • Ability to communicate lending related topics clearly and succinctly to others • Excellent organizational skills and attention to detail • Strong proficiency with Microsoft Office applications • Familiar and comfortable with information technology, particularly digital means of communication • Strong organizational skills in managing multiple initiatives • Strong analytical and problem-solving skills • Ability to work individually and as a team • Ability to keep and maintain pass requirements for SAFE ACT • Current registration with the Nationwide Mortgage Licensing System (NMLS) or ability to become registered upon employment.