Home Equity Loan Officer

at  Lafayette Federal Credit Union

Description:
NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.

JOIN LAFAYETTE FEDERAL CREDIT UNION, A PROUD RECIPIENT OF USA TODAY’S TOP WORKPLACES OF 2024 AWARD!

We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success.

• Are you a Mortgage and/or sales professional who is ready to succeed in a conducive yet fast-paced work environment with a pool of leads at your fingertips?

If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Home Equity Loan Officer to join our dynamic team!

ABOUT US:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!
Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.
Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

ABOUT THE ROLE:

We are currently seeking a Home Equity Loan Officer to assist with the overall administration of investment services with responsibility for the Credit Union’s liability and certificate programs. Lafayette Federal offers an array of mortgage loan products, including fixed and adjustable rate mortgages, FHA and VA loans, jumbo loans, refinancing options, renovation loans and relocation programs. What sets us apart as a lender of choice is our ability to offer dependable services that meet our members’ needs. With finance options designed to meet the financial needs of our borrowers such as products that do not require PMI and offer up to 95% financing, No Closing Costs options, Lender Credits, a First Time Homebuyer program offering up to 97% LTV and many more, our MLOs have all the tools they need to succeed. With our ability to lend anywhere in the United States and a no hassle membership field, your success can begin immediately. We also provide you with a full range of technological solutions and resources to get the job done.
Requirements:

A day in the life of the Home Equity Loan Officer will include:

• Proactively soliciting new residential mortgage business and selling mortgage products to meet established loan quality and ongoing production goals
• Developing and maintaining a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.
• Conducting interviews with prospective borrowers in order to determine the appropriate lending product that meets their needs. Reviewing initial application submission, i.e. income assets and credit for accuracy and completeness. Analyzing financial and credit data, determines financing objectives and advises borrowers of product/pricing policies and guidelines. Informs borrower of lending process and provides applicable contact information of lending staff.
• Notifying borrowers of required documentation that will be collected such as tax returns, bank statements, purchase agreements, property descriptions, and other required documents to assist with the initiation pf processing.
• Adequately answering borrowers’ questions and concerns about the entire mortgage loan process in a timely manner.
• Working as liaison between borrower and our Lending Department and Title/Settlement Company and being responsible for resolving any issues within 24 hours of being informed of any problems/concerns.
• Protecting the credit union’s image by keeping mortgage loan information strictly confidential.

THE JOB POSTING HIGHLIGHTS THE MOST CRITICAL RESPONSIBILITIES AND REQUIREMENTS OF THE JOB. IT IS NOT ALL-INCLUSIVE. THERE MAY BE ADDITIONAL DUTIES, RESPONSIBILITIES, AND QUALIFICATIONS FOR THIS JOB.

• Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer