Mortgage Loan Consultant at MERIWEST CREDIT UNION

San Jose, California, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Oct, 26

Salary

212000.0

Posted On

08 Jul, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Origination, Lead Generation, Residential Lending, Financial Analysis, Customer Service, Cross Selling, Underwriting Preparation, NMLS Licensing, MLO Licensing, PC Proficiency

Industry

Financial Services

Description

Mortgage Loan Consultant Meriwest Mortgage Position Summary: Meriwest is actively looking for Loan Consultants to work in the areas of San Francisco, Alameda, San Jose, and San Mateo. The Loan Consultant will be responsible for soliciting and originating residential loan requests from borrowers and other sources including referrals from real estate agents, financial planners, attorneys and other centers of influence. Essential Duties and Responsibilities: * Self-sources leads and creates profitable business relationships with referral partners. Sells the credit union's mortgage lending program to companies and individuals within the real estate community. * Solicits, and originates residential loan requests from borrowers and other sources including referrals from real estate agents, financial planners, attorneys, and other centers of influence. Advises member on best products to meet member's individual need. Prepares file for underwriting and loan approval. * Advises members of advantages of disadvantages of different financial products, marketing, servicing or promoting the credit union's products. Cross sells other Credit Union services. * Collects and analyzes information regarding members’ income, assets, investments, or debts to determine which financial products best meet the member’s needs and financial circumstances and determines if buyer, property, and loan conditions meet credit union and governmental standards. Prepare file for submission to underwriting for decisioning. * Sells the Credit Union's mortgage lending program to companies and individuals within the real estate community. * Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending. Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Please note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties responsibilities and activities may change at any time with or without notice. Minimum Qualifications: * Two-year college degree or completion of a specialized course of study at a business or trade school. * Three to five years external/outside retail mortgage experience with an emphasis on self-sourced business. * Excellent customer service skills with the availability to assist members on evenings and weekends. * Sound knowledge and experience with first and second mortgage residential real estate lending. * Must be proficient in PC skills. * Must be NMLS and MLO licensed. Do you want to be valued as an employee? Employees are Meriwest’s most valuable resource. We are committed to removing barriers to access and enhancing opportunities for all individuals based on merit and potential. We offer competitive wages and a supportive environment that encourages career growth. The Loan Consultant position is commission-based. Salary Range: $127,000.00 to $212,000.00, annually* *This range reflects the average earnings of Loan Consultants who meet production standards, which are based on originating $15 million to $25 million in new loans annually. We also offer an excellent, fully comprehensive benefits program, including: * Medical/Dental/Vision on the first day of employment for full-time employees * Free Long Term Care Insurance for employees * Tuition Reimbursement/Student Loan Repayment Plan * Pension Plan/401K * Bonus and incentive potential * Career growth support and planning programs * In-house fitness center * Discounts on new mortgage after 6 months of employment Meriwest is an equal opportunity employer that is committed to inclusion and diversity. All qualified applicants will receive consideration for employment. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.

Responsibilities

The Loan Consultant is responsible for soliciting and originating residential loan requests through self-sourced leads and referral partnerships. They advise members on financial products and prepare loan files for underwriting approval.