What are the responsibilities and job description for the Mortgage Loan Officer position at Kalsee Credit Union?
Description
Position Summary:
Reports to Mortgage Lending Manager. Responsible for originating conventional residential mortgages, FHA, VA, and RD loans. Participates in business development for residential mortgage loans. Solicits residential first mortgages through contacts with Realtors, Builders, Developers, major Employers, and community activities. Provides service to members and prospective members seeking residential mortgages.
Duties/Responsibilities:
- Display KALSEE values at all times
- Provide excellent service to members and prospective members seeking residential mortgage loans. Interview applicants to obtain information concerning their needs to assist in determining whether a loan will be an acceptable risk according to their financial situation and obtain pertinent financial and credit data.
- Obtain necessary documentation from applicants to complete loan applications.
- Ensures the preparation and processing of forms and legal documents required for residential loans and follow the loan to ensure compliance with terms. Negotiates terms and conditions with applicants.
- Load loan file into Mortgage Cadence, obtain DU/LP findings, and print all documents/disclosures.
- Have initial disclosure documents signed within the 3 day time frame.
- Lock/float loan in marketing system according to loan type requirements.
- Maintain database files of lock-ins and loans in process.
- Notify applicant of approval/declination of loan. Obtain any additional documents required by underwriting.
- Schedule closing with the borrower, Realtor’s, and title company.
- Cross-sell other products to loan applicants, if applicable.
- Attend Realtor and Builder functions.
- Conduct Realtor presentations.
- Call on Realtors, Builders, and other referral sources on a regular basis.
- Attend Realtor open houses.
- Call on assigned KALSEE retail offices to generate referrals from employees.
- Stay informed on trends and developments in the local real estate market, as well as changing rules and regulations pertaining to Conventional, FHA, VA, and RD loans.
- Participate in local community functions and organizations to obtain new or retain existing business.
- Participate in credit union business development and community volunteer opportunities.
- Performs additional duties and responsibilities, as requested.
COMPLIANCE
- Review all activities for compliance with established policies procedures and regulations. Regulations include but are not limited to: Bank Secrecy Act/Anti-Money Laundering/Office of Foreign Assets Control regulations.
- Participate in annual training as required by the BSA/OFAC Compliance Officer
Requirements
Qualifications:
- 3-5 years sales experience originating Conventional, FHA, VA, and RD mortgage loans.
- Excellent member service and communication skills.
- Effective problem solving skills.
- Driven to succeed.
- Possess a coachable spirit.
- Must be organized and able to manage a high level of loan activity.
- Available to work nights and weekends when needed.
- Able to schedule appointments and make cold calls.
- S.A.F.E. Act registration to obtain NMLS.
- Must present a professional image and be a proper representative of KALSEE within the Community.
- Must be willing to travel to all branch locations as needed.
Outside of the listed job description, this candidate will also be responsible to perform other duties as assigned. KALSEE Credit Union shall, at its discretion, modify or adjust the position to meet the credit union’s changing needs.
