Mortgage Loan Officer/Originator

Description

Who We Are

We have the fundamental belief that we, as an organization, can and will improve lives. Rooted in the centuries-old credit union philosophy of people helping people, we maintain a simple premise. Those we interact with will receive equal and just treatment, devoid of intolerance, false judgment, racism, or discrimination of any kind. We must not accept less if we are to fulfill our mission, "We Improve Lives." This mission empowers us to serve the greater good and to make a difference in our world. Our cooperative structure creates a cycle of mutual assistance towards the common goal of the financial well-being of members.

At BHFCU, we’re committed to improving the lives of our members every day, and we look for people who share that passion. Don’t have a ton of financial industry experience? No problem. Our onboarding includes an orientation program with ongoing training to help staff further their career at BHFCU by building on their existing strengths.

General Purpose:  Seek out, originate, and process real estate loan applications and make loan decisions according to credit union policies and secondary market requirements.  Provide financial counseling for those members needing assistance.

Essential Duties/Responsibilities       

1. Responsible for creating and maintaining relationships with outside parties, including but not limited to members, real estate agents, and builders.  Networking and sales activity may require working in excess of 40 hours per week and the majority of that time will be spent building relationships and marketing BHFCU real estate products outside the office.
2. Responsible for interviewing, processing, and recommending for approval, or if within authority provided, approving first mortgage loans applications.   Answer questions, verify applications for completeness, conduct credit investigation, determine value and status of real estate, determine debt ratio, and document loan decision in writing. Provide file for underwriting approval prior to closing.  This includes loan applications made at branches.
3. Primarily responsible for originating first mortgages, including personal 1-4 unit rental property loans.  Secondarily responsible for originating home equity and home improvement loans and assuring all loans meet the requirements set by the South Dakota Housing Development Authority, FHA / VA, secondary market, and Black Hills FCU policies. 
4. Answer member questions about real estate lending.  Explain disbursal of loan proceeds to members.  Review payment schedule so that member understands repayment obligation.
5. Responsible for initial collection of delinquent real estate loans as directed by the Collection Department to try to resolve repayment problems before turning over to Collections. Responsible for ensuring a smooth transition should a loan require the attention of a collector.
6. Remain current on changes within the legal, regulatory, economic, competitive and technology environments that may affect the real estate lending program.  Responsible for remaining current on credit mortgage insurance features and costs.  Keep abreast of current real estate markets within the Credit Union’s lending territory.
7. Cross-sell additional products and services of BHFCU.

Other Duties/Responsibilities

1. Perform other duties as may be assigned by Mortgage Department Manager.

Job Knowledge

1. Strong working knowledge of FHA, VA, SDHDA, secondary market loan requirements.
2. Thorough knowledge of real estate compliance rules and regulations.
3. Working knowledge of the credit union's products and services.
4. Working knowledge of organization's policies/procedures and credit union's service philosophy.
5. Working knowledge of safety and security program for false alarms, robberies, bomb threats and extortion.
6. Working knowledge of credit union's in-house computer system and Internet.

Job Qualifications (Skills)

Black Hills FCU is committed to working with its employees to reasonably accommodate them with the physical aspects of the position.  The following list outlines the physical considerations that are normally encountered in this job.

1.  Vision:  A sighted person to effectively review documents.
2. Speech/Hearing:  Ability to communicate verbally and in writing with staff, members and vendors.
3. Manual Dexterity:  Ability to perform necessary computer-related input.
4. Physical Mobility:  Limited mobility required.  Requires the ability to work flexible hours.

Job Qualifications (Ability) 

1. Ability to understand and follow complex written and oral instructions.
2. Ability to comprehend complex functions and procedures and to be able to disseminate that knowledge in a clear and understandable format to others.
3. Ability to express oneself, clearly and concisely, both orally and in writing.
4. Ability to prepare and maintain confidential records and reports.
5. Ability to gather, assemble, correlate, and analyze facts and develop solutions.
6. Ability to analyze statistics and financial data.
7. Ability to assess the needs of multiple members and prioritize requests to ensure that all members receive the highest quality service possible.  Ability to handle daily routine with moderate freedom to interpret and act upon various situations.
8. Ability to present a professional and personable personality that communicates to members and visitors that the credit union is a professional financial institution.
9. Must have valid South Dakota driver’s license.

Job Qualifications (Education/Experience)

Job requires a four-year college level of language, math and reasoning skills.  Two years’ experience in direct mortgage lending field.  Formal training should be supplemented with continuing education.

Working Conditions

        Material and Equipment Involved

• In-House Computer System    
• Personal Computer / Internet       

         Work Environment/Physical Activities

Job requires limited physical effort must be able to drive to various off-site meetings and functions. It is primarily a desk assignment.  Work within a highly structured and closely supervised environment. Ability to function in a fast-paced area.  Ability to handle multiple tasks simultaneously.  Work creates normal fatigue daily.  Work creates moderate stress during certain periods during daily routine.  The job calls for a high degree of mental concentration to interpret and act upon a wide range of situations.  The job requires a degree of attention to detail.

Notice:  This job description is not intended to be, nor should it be construed as, a contract or guarantee for employment.  BHFCU adheres to all federal and state labor laws regarding termination and probationary periods.  This position is also subject to all the personnel policies of the Black Hills Federal Credit Union.  Changes may be made to this job description at any time by the President.  Black Hills Federal Credit Union is an equal opportunity employer.

Black Hills Federal Credit Union is an equal opportunity employer. All applicants will receive consideration without regard to age, race, color, sex, sexual orientation, genetic information, religion, national origin, disability, veteran status, or any other status or condition protected by state or federal law. BHFCU will provide reasonable accommodation to qualified persons with a disability but who are otherwise able to perform the essential functions of the job.

Qualifications