Mortgage Loan Originator

Life at Amplify

As a growing, tech-focused credit union, Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reason we’ve been named a Top Workplace by the Austin American-Statesman four years in a row. We’re also proud to say that we’re the only full-service financial institution that doesn’t have deposit fees of any kind. We’re looking for teammates who are inspired by our mission and ready to grow their careers. As they do, our employees can expect Amplify to uphold our commitments to culture, community, inclusion, and more.

Position Summary

The role of the Mortgage Loan Originator is to serve existing members and procure new members through the origination of quality real estate loan products. Loan Originators act as the primary relationship manager between borrowers and Amplify’s real estate lending department.

Why Amplify?

As a Mortgage Loan Originator with Amplify, you will enjoy the best support and industry technology available.

• We are an Agency Direct Lender offering Conventional, FHA/VA/USDA, Jumbo, Second lien, and Portfolio Products.
• We use Encompass, Blend, Optimal Blue, and Salesforce to make the lending process as streamlined as possible.
• We aim to deliver a loan from application to closing in 18 days.
• We have local leadership, processing & UW.
• An entire marketing department will assist you in all areas (from listing sheets to social media blogs and posts).
• We pay a real salary and up to 108 BPS commission. We also provide daily leads to complement your self-generated business.
• As a credit union (depository), we lend in the whole state of Texas.
• You are only required to be registered, not licensed, with the NMLS.
• We have $1B+ in assets, 60,000 members, and have been in business since 1957 - we are stable and established.

Job Description:

• Establishes relationships with potential borrowers through branch-generated leads and begins to develop their book of business through self-sourced leads.
• Prequalifies applicants based on an understanding of internal and secondary market loan requirements compared to applicants’ actual circumstances and documentation; recommends loan products that best serve the applicant’s needs and wants.
• Field underwrites the real estate application and applicant documentation to set proper expectations regarding the loan process with the applicant.
• Communicates requirements and expectations to both the applicant and support partners promptly, thoroughly, and effectively.
• Fosters collaboration between the borrower and all other areas of Real Estate Lending to move applications through the process efficiently.
• Monitors and ensures closing dates and company deadlines are met.
• Monitors, negotiates, and executes rate locks with members and updates data in the system of record as needed.
• Maintains working knowledge of available mortgage products to accurately respond to member and external stakeholder questions and provide management feedback regarding product innovation opportunities.

Qualifications:

• 3+ years of experience in Real Estate Loan Origination with a proven annual production history of over $14 million.
• Experience in proper loan pricing based on credit union rate determinations and understanding of using points or discounts.
• Experience with Desktop Underwriter and/or Loan Prospector underwriting systems.
• Knowledgeable in the packaging of conforming loan standards.
• Reliable transportation to make sales calls, travel to closings, etc. (mileage is reimbursable).
• Familiarity with state and federal NCUA regulations, HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, and FHA rules and processes.
• Knowledge of sales of Mortgage Loans into the secondary market.

Nice to Have, But Not Required:

• Bachelor’s Degree in Business or related field.
• FHA and VA origination experience is a plus.
• Prior experience using Encompass.

Certificates, Licenses, Registrations:

Must be bondable. Requires annual registration as an MLO with the Nationwide Mortgage Licensing System (NMLS) and Registry and maintains updates as needed. Initial registration is required immediately upon hire.

What We Offer
To build a better bank, you must build a better team. That’s why we’re committed to offering the best benefits to our team members. We want your time at Amplify to be a jumping-off point for personal and professional success, and this means offering benefits – including paid volunteer hours and development programs – that will engage your role in our community.

• Medical, Dental, and 401(k) programs for team members.
• Customized volunteer opportunities with our signature partners (Saint Louise House, Caritas of Austin, and the American Red Cross).
• Additional paid time off for volunteer-related activities.
• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members.

Starting Pay & Benefits
This role offers base pay plus a monthly incentive. It also entails the benefits available to all Amplify employees.  
 

Location
This remote role is available to candidates living in the Austin Metropolitan area.

Team Member Testimonials
Read about some of your potential coworkers and why they enjoy working at Amplify. Or check us out on Comparably.

Amplify is an Equal Employment Opportunity Employer, seeking people from all backgrounds, life experiences, and world views. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.