Mortgage Loan Originator

ELGA Credit Union
Mortgage Loan Originator

Grade: 8
Classification: Non-Exempt

Role:
This position is responsible for assisting members with their mortgage lending needs: discuss all available options with members, collect applicable documentation, analyze loan requests to determine best structure, complete applications, submit applications to mortgage committee, deliver decisions to members and submit applications to processing.

Essential Functions & Responsibilities:

Interviews mortgage applicants to determine eligibility with either secondary market or ELGA portfolio products. Completes mortgage application utilizing either ELGA or secondary market software and ensures accurate and complete information. Reviews and evaluates requires documentation and information on mortgage loan application documents to determine if buyer, property, and loan conditions meet credit union and/or governmental standards.

Ensures compliance with all applicable regulations and ensures disclosure quality and timing requirements are met.

Thoroughly reviews credit report with the member cross selling other credit union products and services.

Keeps up to date on Compliance, Regulations, & Policies . Makes recommendation for necessary changes to current policies.

Keeps informed of current trends in mortgage lending, market factors affecting mortgage lending, and all changes that occur within the mortgage CUSO.

Performs other duties as assigned by supervisor including HMDA Annual Reporting.

Performance Measurements:

To take full responsibility for your own success with no excuses and to add comments to Performance Pro on your accomplishments towards your objectives at least weekly.

To meet established expectations of ELGA's Core Factors including but not limited to Accountability, Attitude, Communication, Competence, Continuous Improvement & Innovation and Relationship Building.

To achieve 100% of your daily/weekly/monthly and annual sales goals as you have set by
listening and analyzing what products would best serve our members.

To close, organize and complete Home Equity's within 10-14 days of credit date and First
Mortgages within 30 days of credit report date.

To prepare file for underwriting within 24 hours of receipt with complete accuracy insuring that loans comply with established loan standards and policies.

To support other associates and to take the initiative to offer help when needed.

Knowledge and Skills:
Experience: Six months to two years of mortgage loan origination experience.

Education:
(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Interpersonal Skills:
Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills:
1. Must be registered with NMLS in accordance with the SAFE ACT.
2. Knowledge of the secondary market and experience with first and second mortgage residential real estate lending.
3. Must be able to type, use PC and general office equipment including 10-key calculator.

Physical Requirements: Travel between branches and other locations may be required.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.