What are the responsibilities and job description for the Mortgage Loan Advisor 3 position at Cyprus Credit Union?
We Cyprus Credit Union is hiring a full-time Mortgage Advisor. Are you passionate about sales and have a strong work ethic that embodies what credit unions stand for? Are you interested in starting a career with an exciting and respected financial institution that offers opportunities for comradery, professional growth, and advancement? If so, please read on!
The future of Cyprus Credit Union is only as bright as our team. We employ a team of like-minded banking professionals. In order to attract and retain quality talent, we offer competitive pay, and comprehensive benefits, provide opportunities for employee advancement, share resources for career development, and encourage a work-hard/play-hard lifestyle. Additionally, we value diversity, volunteering for our communities and taking steps to do our part in reducing our carbon footprint.
As a Mortgage Advisor, you will earn a competitive base pay depending on your experience and qualifications with the opportunity for bonuses and incentives. We also offer employees the following comprehensive benefits:
- Health, dental, life, and vison insurance plans
- 401k and retirement savings plan
- 12 paid holidays
- Paid day off for your birthday
- PTO that will start accumulating on day one
- Earn additional PTO when you volunteer in the community
- Competitive tuition reimbursement
Due to our "Most loved" atmosphere, Cyprus Credit Union was named one of the BEST credit unions to work for since 2020!
Here at Cyprus we value the success and rewards that come as we learn and grow together! Through our "career pathing "programs we offer continuous trainings that can provide you with opportunities in advancement. If this sounds like something you have been waiting for, don't hesitate apply now to start your future with Cyprus!
DUTIES OF A MORTGAGE LOAN OFFICER
Assumes responsibility for the effective and professional completion of assigned loan origination functions.
- Interviews, takes complete applications, and processes preliminary documentation on loan requests. Discusses loan alternatives, credit criteria, interest rates, and loan documentation in such a manner as to elicit positive responses from members.
- Performs follow-up work as necessary to achieve conditional approval within established time frames.
- Notifies member if loan is referred back to Mortgage Advisor because of problem ratios or credit ratings.
- Advises members of loan approval or denial. Explains loan denials precisely and clearly to members.
- Completes lending operations in accordance with established Credit Union policies and legal requirements.
Assumes responsibility for establishing and maintaining effective and professional business relations with members, Realtors and building professionals.
- Answers questions and requests, and resolves problems.
- Informs members of Credit Union loan policies and services.
- Counsels members regarding money management and financial matters. Counsels members whose loan requests were denied, explaining reasons and alternatives.
- Maintains and projects the Credit Union's professional reputation.
Assumes responsibility for establishing and maintaining effective communication and coordination with Credit Union personnel and with management.
- Coordinates functions with related departments and assigned Branches and provides support as needed.
- Assists Processing personnel and serves as a backup as needed.
- Keeps management informed of area activities and of any significant problems.
- Attends and participates in sales meetings and committees as required.
- Completes required records and reports.
- Under the direction and/or assignment of the Mortgage Sales Manager, assist in the training, coaching and mentoring or existing and new mortgage sales staff.
Assumes responsibility for related duties as required or assigned.
- Professionally cross-sells other Credit Union services.
- Stays informed regarding changes in lending standards, related legal requirements, and trends in local real estate and competitive market.
- Ensures that work area is clean, secure, and well maintained.
QUALIFICATIONS FOR A MORTGAGE LOAN OFFICER
Education/Certification
Bachelor's Degree from a 4-year accredited university or college or an equivalent of education and mortgage experience. Additional coursework in business or related field preferred. Must have and maintain an NMLS ID number (S.A.F.E. Act registration) Required Knowledge
Understanding of the foundation of determining credit worthiness. Knowledge of Credit Union loan policies, products, procedures, processing, and underwriting guidelines. Familiarity with title reports, insurance, and appraisals. Experience Required
Two to four years of loan origination experience in a credit union or finance environment preferred. Ability to generate leads for the community. Documented amount of retail residential mortgage funding's in the past 12 months with established relationships from local referral sources preferred. Skills/Abilities
Strong interviewing skills. Excellent communication and public relations abilities. Good analytical and financial skills. Able to operate related computer applications, calculator, and other basic business equipment.
READY TO JOIN OUR EXCEPTIONAL FINANCE TEAM? If you feel that you would be right for this member services position, please fill out our initial 3-minute, mobile-friendly application.