What are the responsibilities and job description for the Mortgage Loan Officer position at CMCCU?
Purpose
Ensure mortgage lending policies and procedures best serve the credit union and its members. Ensure compliance with state and federal lending laws. Develop, recommend, and report on improvements in mortgage loan products and services and their marketing. Provide information on credit union products and services to members in accordance with credit union policies and procedures and State and Federal rules and regulations. Operate under approved credit authority.
Duties and Responsibilities
- Work with CLO, Special Accounts and the Compliance Officer to develop mortgage loan policies, procedures, services, products, and documentation that meet federal and state regulations.
- Formulate and maintain a loan procedure manual for the mortgage loan department that is up-to-date with all regulations and requirements. Ensure staff training and compliance.
- Responsible for the origination and approval of all residential mortgage loans in accordance with established goals and policies for the department.
- Responsible for the compliance of all residential real estate loans to NCUA rules and regulations, secondary market standards, and federal real estate lending laws.
- Responsible for the recommendation of residential mortgage loans to be sold on the secondary market.
- Responsible for the ongoing servicing of residential mortgage loans that are held in portfolio or sold servicing retained.
- Interview loan applicants and assist members with loan application process. Handle mortgage loans of highest complexity, value and risk.
- Approve or deny real estate loan applications and explain reasons for denial.
- Ensure that each real estate loan is processed accurately.
- Prepare mortgage loan application and document packet for closing.
- Pay title company fees for title searches, legal work, and appraisals.
- Pay real estate taxes, including calculating tax shortages and new monthly payments.
- Ensure the Deed of Trust is filed with the appropriate county.
- Develop mortgage loan business through member seminars and calls to Realtors, contractors, and other institutions.
Job Type: Full-time
Pay: $46,296.00 - $69,445.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
Schedule:
- 8 hour shift
- Monday to Friday
- Weekends as needed
Experience:
- Mortgage Lending: 1 year (Preferred)
Ability to Commute:
- Warrensburg, MO (Required)
Ability to Relocate:
- Warrensburg, MO: Relocate before starting work (Required)
Work Location: In person
Salary : $46,296 - $69,445
