Mortgage Loan Officer I - All Markets

at  Valley Strong Credit Union

OUR CORE VALUES

The Credit Union is a values-driven organization. They guide our behavior as they create our desired culture.
-

Everyone Counts We promote a diverse and fair workplace to better serve our Members, Team Members and Communities, fostering an environment of transparency, trust, and respect.

• Innovate Boldly We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible.
• Embrace the Fun! We take the joy in our work by welcoming kindness, integrity, and authenticity.
• Own It Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what’s right.

POSITION SUMMARY

The Mortgage Loan Officer (MLO) is responsible for the timely and accurate originating, underwriting and closing of a 1st mortgage loan file. They are responsible for interviewing, counseling and assisting loan applicants in obtaining Real Estate loan services by performing the following duties. The production for the MLO will be 12 – 16 funded loans, on average, per month. This is a high pace position and the employee must meet performance standards.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND/OR EXPERIENCE

Associate’s degree (A. A.) or equivalent from two-year college or technical school desired but not required. Minimum of 3 years Real Estate lending originations (closings) or related experience and/or training; or equivalent combination of education and experience.

LANGUAGE SKILLS

Ability to read, analyzes, and interprets general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from members, employees, managements and the general public.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages.

OTHER SKILLS AND ABILITIES

Ability to use personal computer for a variety of functions. Ability to review a property appraisal to detect possible underwriting problems. Knowledge of proper home loan financing and lending terminology, costs and calculations. Ability to review a preliminary title report and detect items which could affect title.
Ability to interpret and apply Credit Union criteria, policies and procedures to loan applications. Ability to operate standard office equipment including personal computer. Ability to understand and interpret title reports and escrow instructions.
Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) Laws and Regulations, as they pertain to federal guidelines and internal policies and procedures.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities or working conditions.
I have read and understand the duties and responsibilities of this position and will perform them to the best of my ability. I understand what is required and expected of me to meet the performance standards of the position. I acknowledge that I am able to perform the functions of the position with or without reasonable accommodation.

Team Member Name Team Member Signature Date

Supervisor’s Name Supervisor’s Signature Date

ESSENTIAL DUTIES AND RESPONSIBILITIES

Interviews loan applicants, reviewing application forms, clarifying items, determining all expenses and income amounts, etc.
Collect proper documents, references, credit checks, verification of employment, and other additional information to further support loan application and assist in decision-making process.
Calls borrower, real estate broker, and Title Company to request specified documents (i.e. receipt for payment of outstanding tax bill.)
Verify accuracy and consistency of specifications on documents, such as title abstract and insurance forms.
Calls borrower, broker, and other specified individuals to arrange time and date for closing.
Answer questions regarding closing requirements.
Prepare documents for delivery to title company for closing.
All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions.

DURING A DECLINE IN WALK IN VOLUME AND REFERRALS, OTHER ESSENTIAL DUTIES AND RESPONSIBILITIES WILL INCLUDE THE FOLLOWING:

Spend as much as 25% of his/her working time out of the office to develop mortgage loan leads.
Work with assigned branch office(s) to maintain awareness of loan products and policies so as to be able effectively to offer/sell them to existing and potential Members.
Develop referral contacts (realtors, builders, professional and personal contacts).
Other duties may be assigned.