Mortgage Loan Officer/Originator - Annapolis

US-MD-Annapolis
1 week ago(1/10/2018 3:14 PM)
Job ID
2307
Category
Mortgage Lending
Schedule
Branch Hours of Operartion: Monday - Friday 9:00am-6:00pm and Saturday 9:00am-2:00pm

Overview

FIND YOUR PURPOSE. JOIN OUR MISSION

 

As one of the largest credit unions in the region and top performing in the nation, NASA Federal Credit Union members enjoy banking with an organization that's well established, financially sound and thrives on technology. With a strong heritage to serving the needs of individuals in the science, technology and engineering fields, the credit union philosophy of People Helping People has always been a priority.

 

We offer a generous commission schedule and benefit package:

  • 401(k) match to 5% of earnings – immediate enrollment and 100% vesting
  • Choice of two health plans – 80% employer contribution
  • Dental – 85% employer contribution
  • Life Insurance – no cost
  • Long-term Disability Insurance – no cost
  • Employee Assistance Program – no cost

 

SUMMARY

  • Actively solicits and originates first mortgages primarily from sources not associated with NASA FCU’s “inside” first mortgage origination efforts.
  • Facilitate and assist applicants with the residential lending application process, manage borrower expectations and establish valuable trust relationships resulting in repeat business and loan referrals.

Responsibilities

RESPONSIBILITIES

  • Remains cognizant of and adheres to the credit union policies and procedures pertaining to the Bank Secrecy Act.
  • Establish and maintain business contacts that will generate potential new loan volume. These contacts include but are not limited to real estate brokers, realtors and builders.
  • Generates loan leads, solicits new business, and develops and maintains sources.
  • Collect, examine and evaluate borrower’s financial and personal data in order to counsel and recommend appropriate residential lending products.
  • Provides counsel on the advantages and disadvantages of various mortgage loan products based upon the borrower’s needs and financial picture.
  • Originate first mortgage loans that meet qualifications under various NASA FCU investor loan programs and guidelines.
  • Determines and acquires support documents needed/required based on loan investor guidelines.
  • Analyzes applicant data, credit and collateral property value to determine accurateness of information and to preliminarily determine if borrower meets investor guidelines.
  • Corresponds, communicates and coordinates with applicants, in-house support staff and outside service providers to facilitate timely closings.
  • Ensures all regulatory disclosures are in timely compliance and provided to applicant.
  • Must understand and comply with all aspects of Real Estate Settlement Procedures Act (RESPA), the Truth and Lending Act (TILA) and all other laws, regulations and policies governing the duties and responsibilities of the Outside Loan Officer.

Qualifications

EDUCATION / EXPERIENCE

  • Four year college/university degree preferred in addition to a minimum of 2 years mortgage lending origination experience dealing with conforming residential mortgage loans underwritten to Fannie Mae, Freddie Mac and other private investor guidelines.  Must demonstrate knowledge of applicable lending regulations and compliance. 

#CB

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