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Mortgage Loan Originator

Red River Credit Union

Position Title:


Mortgage Loan Originator


Reports To:


VP - Mortgage

Basic Function:


Responsible for Originating Real Estate Loans.


Responsibilities:
  • Originates mortgage loan applications per FNMA, Freddie Mac, FHA, VA, and USDA guidelines. This includes Purchase, Refinance, and New Construction loans.
  • Order credit report, provide initial disclosures, collect income and asset documentation, and verify identity in accordance with the Patriot Act.
  • Additional responsibilities include setting each prospective loan up in the origination software prior to processing.
  • The originator needs to have basic knowledge of real estate procedures and guidelines regarding appraisals, surveys, title work, inspections, and real estate contracts and be able to work closely with the Real Estate Loan Processor and Closer within the department.
  • Responsible for maintaining investor relationships regarding rate locks, investor specific software, as well as stay informed of changes to programs as they occur on a regular basis.
  • This position requires a high degree of customer service as well as extensive knowledge of the mortgage industry standards and guidelines.
  • The originator should have a basic knowledge of analyzing tax returns for self-employed members and be familiar with acceptable forms of documentation per Secondary Market guidelines.
  • Responsibilities also include discussing member specific details regarding credit reports, debt ratios, and basic home ownership counseling.
  • Maintaining relationships with title companies, realtors, appraisers, surveyors, etc. for the purpose of referrals to the Real Estate Department. Occasional attendance to outside functions relating to the local real estate industry.
  • Performs other related duties as assigned.
Qualifications:
  • Minimum of three to five years of experience in the mortgage industry at a credit union or other financial institution.
  • High school diploma or the equivalent.
  • Competent computer skills and use of standard office equipment.
  • Ability to meet, speak, and deal effectively with people in person and over the telephone, being professional always. Must maintain a neat and professional appearance.
  • While the following list is not exhaustive and may be supplemented, identified physical requirements include the ability to operate normal office equipment; some lifting, not to exceed 25 pounds.
  • Ability to follow the core values of Team-Focused, Excellence, Authenticity, and Leading in Innovation.
Vacancy posted 1 day ago
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