What are the responsibilities and job description for the Mortgage Loan Officer position at AIM Credit Union?
Job Summary
We are seeking a dedicated and knowledgeable Mortgage Loan Officer to join our financial services team. The ideal candidate will be responsible for guiding clients through the mortgage loan application process, assessing their financial needs, and providing tailored loan solutions. This role requires a strong understanding of various mortgage loan products, compliance regulations, and excellent interpersonal skills to build lasting relationships with members.
Duties
- Evaluate and analyze members' financial information and credit history to determine eligibility for loans.
- Provide expert advice on loan products, terms, and conditions to help members make informed decisions.
- Prepare and present loan proposals to members, ensuring clarity on terms and repayment options.
- Negotiate loan terms with members while adhering to company policies and regulatory requirements.
- Maintain up-to-date knowledge of TILA (Truth in Lending Act), Fair Housing regulations, FNMA (Federal National Mortgage Association) guidelines, and other relevant legislation.
- Utilize financial software and accounting software to process applications efficiently and accurately.
- Collaborate with underwriters, real estate agents, and other professionals to facilitate the loan approval process.
- Ensure compliance with all applicable laws and regulations throughout the lending process.
Skills
- Strong understanding of financial sales principles and practices.
- Proficient in credit analysis techniques to assess borrower risk effectively.
- Excellent negotiation skills to secure favorable terms for both the member and the institution.
- Familiarity with financial services industry standards and best practices.
- Ability to work independently while also being a team player in a fast-paced environment.
- Exceptional communication skills, both verbal and written, to convey complex information clearly.
- Detail-oriented with strong organizational skills to manage multiple applications simultaneously.
Join our team as a Mortgage Loan Officer where your expertise will help members achieve their financial goals while contributing to our mission of providing exceptional service in the lending industry.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Compensation Package:
- Bonus opportunities
- Profit sharing
Schedule:
- 8 hour shift
- Monday to Friday
Ability to Commute:
- Dubuque, IA 52002 (Required)
Ability to Relocate:
- Dubuque, IA 52002: Relocate before starting work (Required)
Work Location: In person
Salary : $60,000 - $70,000