What are the responsibilities and job description for the Branch Mortgage Loan Officer position at Blaze Credit Union?
Job Type
Full-time
Description
This position is responsible for educating and counseling members and prospective members seeking FHA and conventional real estate loans to advance Blaze growth objectives through the Preferred Way of Selling. This position is also responsible for completing the loan application, gathering the necessary paperwork and prequalifying members to facilitate the loan origination process. Branch Mortgage Loan Officer's must also exemplify superior member service and build positive member relationships. This position also acts as a resource to the credit union staff and members by displaying knowledge and expertise in the real estate field. The home base of the Branch Mortgage Loan officer will be Blaze's Mora branch, but they will also float to the Isle and Pine City branches.
Major Duties and Responsibilities
Facilitates the real estate lending process to deliver Blaze products, promote positive member relationships and meet Blaze's mortgage lending objectives.
- Interview loan applicants in branch and over the phone : prepare applications by collecting and completing necessary information for loan submission and send out all disclosures (within 3 business days of application); run loans through secondary market underwriting system for initial decision.
- Inform members of Blaze loan products and discuss options (rates, projections, payment schedule, etc.); recommend appropriate products and terms, and solicit additional products they qualify for per underwriting.
- Obtain additional information from the member, run debt ratio, analyze credit, and calculate or verify income to meet the underwriter's request and contact member to go over rate, term, rescission, promo, credit bureau and lock the mortgage with the investor.
- Pre-qualifies members on their maximum loan amount qualifications.
- Advise applicants of initial underwriting decision, provide advice on counteroffers.
- Re-price real estate loans based on any changes to loan scenario and send out appropriate disclosures.
- Work with the Mortgage Loan Processor to facilitate the loan process by informing members on the status of their loan file and answering any real estate lending related questions.
- Recommend, consult, and sell Blaze products and services to maintain an active pipeline of real estate loans through company generated leads and referral sources.
- Identify members' financial needs and market appropriate products and services to ensure member's financial needs and Blaze's growth objectives are met and maintain acceptable application to close ratio.
- Record the referrals for future reference and follow up contact including correspondence and telephone referral.
- Initiate contact or follow up on all leads in a timely basis with outbound calls and or correspondence.
- Provide support to the real estate department to ensure department efficiency.
Other Duties
Requirements
Experience / Education / Certifications / Licenses
Demonstrated Knowledge
Communication Skills
Ability to proactively respond to members / associates to problem solve based on guidelines; written communications are based on templates but can be modified.
Physical Requirements
Ability to sit and stand; answer calls; operate computer; interact with internal associates and members on the phone; travel to designated offices; lift up to 20 lbs.
Diversity creates a healthier atmosphere, and we encourage diverse applicant depth and breadth. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
We are committed to providing salary ranges for all open positions. Please note that the specific compensation for this role will be determined based on your experience, qualifications, location, and internal equity considerations.
The starting base pay for this position is : $21.31 - $28.00. This position is eligible for a monthly incentive plan for additional earning potential. Other benefits associated with this position include : low-cost medical (as low as $20 a paycheck), dental insurance, vision insurance, quarterly bonuses, generous vacation and sick time hours, paid leave options, up to 6% 401k contribution, and tuition reimbursement.
Salary : $21 - $28
