Reverse Mortgage Loan Officer

The Real Estate Loan Officer originates conventional and government real estate loans primarily through Credit Union sources. This position will also process up to half of their mortgage pipeline and be responsible for business development activity. We are currently seeking a Loan Officer with Reverse Mortgage expertise in addition to the following description of position duties:
ESSENTIAL JOB FUNCTIONS
DUTIES AND RESPONSIBILITIES
Origination 50%
• Interviews loan applicants, Collects and analyzes information regarding the applicant's credit history, income, assets, investments or debts; determining/recommending which loan and financial products best meet the customer's needs and financial circumstances;
• Advises the members of the advantages and disadvantages of the different financial products and assists them in identifying and securing a Mortgage Loan that is appropriate for their individual financial circumstance;
• gathers required information, all supporting documents, and completes the loan application;
• Applies quality control guidelines to loan submission;
• Organizes loan application for submission to processors;
• Calculates borrowers' qualifications to underwriting standards; and
• Records weekly communication with borrower/broker as to loan status.
Processing 25%
• Processes all alternate documentation loans;
• Inputs new loans on computer system;
• Orders applicant's credit report;
• Organizes and assembles documentation in compliance with Credit Union underwriting guidelines;
• Reviews all assembled data for exceptions to Credit Union guidelines;
• Prepares underwriting review forms for submission to Underwriting;
• Drafts and types various forms and correspondence; and
• Completes follow-up documentation on approved/rejected files.
Business Development 25%
• Encourages and promotes Mortgage Loans within the Financial Services department;
• Develops business through Realtor visitations;
• Assists in member real estate education;
• Provides the Financial Services department with the training necessary to successfully refer mortgage
loans;
• Markets, services and promotes ONCU financial products and loan programs to members • Participates in on-sites, financial education programs, sign-ups, new member calls; and
• Performs other duties as assigned.
QUALIFICATIONS
Knowledge, Skills and Abilities
• Thorough knowledge of established real estate quality control procedures;
• Knowledge of basic sales skills in a professional environment;
• Knowledge of credit laws pertaining to consumer and mortgage lending;
• Working knowledge of FHA, VA, Fannie Mae, and FHLMC to pre-qualify applicants;
• Skill in the use of mortgage lending software;
• Skill in the operation of a personal computer to include Internet/Intranet use, operating system, word processing, spreadsheet, presentation, calendar, and scheduling software;
• Ability to organize and prioritize work;
• Ability to communicate effectively, both verbally and in writing;
• Ability to work effectively with co-workers and members;
• Ability to examine documents for completeness and compliance with established policies;
• Ability to maintain regularly scheduled attendance;
• Ability to train other employees; and
• Must be able to relate appropriately to other people beyond giving and receiving instructions: (a) can get along with co-workers or peers without exhibiting behavioral extremes; (b) perform work activities requiring negotiating, instruction, and communicating with others; and (c) respond appropriately to constructive feedback from a supervisor.
EDUCATION AND EXPERIENCE
A high school diploma or GED equivalent plus two years of government and conventional loan origination and processing experience. In addition, one year experience as a real estate Loan Officer is required.