Senior Loan Officer – Home Loan Center

Description

Department: Home Loan Center

Sales Exempt: This position is eligible to earn commission and deferred incentive compensation. In addition to commission, this position is compensated at an annual draw of $42,000, subject to terms and conditions of the commission agreement.

Report To: HLC Sales Manager

SUMMARY:

With the goal of enhancing lives, fulfilling dreams and building communities this position will proactively solicit new residential mortgage loans that meet established loan quality and production goals. Identify, develop and maintain a network of outside business relationships that serve as a recurring source of referrals for new mortgage lending opportunities, via Realtors, Builders, Financial planners in the local community. Ensure exceptional member service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with Credit Union, federal and state regulations, laws, and polices.

In addition to outside business development, this position will actively work with branch locations of Numerica to generate and manage residential mortgage loan opportunities assigned through internal referral channels.

Pre-qualify applicants to determine the proper loan program, keep the applicant, vendors and other interested parties informed on the status of the application and process the loan request as needed without assistance. Responsible for loan origination and file structuring. Obtain and validate all documents. Review Automated Underwriting system conditions ensuring that the loan meets eligibility, underwriting guidelines, and assist in satisfying conditions for closing when needed.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Responsible for meeting individual and department mortgage loan production goals supporting overall Credit Union goals.
• Provide guidance and information relevant to the risks and benefits of each mortgage lending program the applicant is qualified for; effectively explain and communicate the terms of each product, and ensure all necessary documents are signed by the borrower.
• Analyze detailed financial and credit data, matching the applicant’s needs with an appropriate loan program.
• Gather all initial documentation required based upon the applicant’s selected loan program and all disclosure requirements.
• Understand and effectively apply mortgage lending policies and procedures to all mortgage lending situations. Provide valuable input to Loan Procedures manuals, including updates, revisions, and the creation of new policies and procedures.
• Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
• Have a thorough knowledge of conventional, FHA, VA and special home loan programs.
• Be familiar with all regulations governing credit union lending, with particular emphasis on rules and regulations governing real property lending on home loans and secondary emphasis on home equity loans.
• Have a thorough understanding of home loan computer system including mortgage underwriting, processing and tracking programs, and NCU's home loan website.
• Develop mortgage loan business: call on home builders, realtors and others outside the Credit Union to highlights NCU home loan programs and generates applications for home loans.
• Partners with NCU branch employees by providing education, guidance, and ongoing assistance on mortgage loan products and programs to facilitate the generation of home loan applications.
• Assist HLC staff with applications they are working on for home loans. Work with staff in analyzing and solving situations that may arise in the home loan application and loan process and provide support to staff on complex loans and escalating issues.
• Provides effective service by interviewing and qualifying applicants’ home loans. Determines applicant needs and discuss loan options. Assists applicants in completing the loan application package.
• Submit complete and accurate applications into the computerized loan application/processing system, providing individuals with all required disclosures and obtaining all necessary support documents, including appropriate up front fees.
• Negotiate terms and conditions of loans with members in accordance with credit union policies and procedures.
• Process the approved and rejected files by communicating oral and underwriting decisions and conditions to the members and realtors on property and loan.
• Review and analyze all documentation received and determine acceptability.
• Cross-sell borrowers on benefits of utilizing other credit union services.
• Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
• Effectively incorporates concepts of CARES Principles in daily behaviors and interactions:

          Connect – Create meaningful relationships

          Ask – Be intentionally curious

          Resolve – Actively seek solutions

          Elevate – Never stop improving

          Strengthen – Be the difference

SUPERVISORY RESPONSIBILITIES:

This position has no formal, direct supervisory responsibilities although will work with leaders and peers in the organization to drive results.

PERFORMANCE STANDARDS:

Accuracy in documentation from application to closing documentation following established policies, practices, and procedures for lending and collection. Ability to self-source and close $1,000,000 in volume per month or more, with 50% being purchase money loans. Ability to solve practical problems and deal with a variety of concrete variables and situations. Ability to interpret a variety of instructions furnished in written form, including but not limited to: Loan Policy and Procedure Manuals, Regulation Z, The Fair Credit Reporting Act, and Mortgage Lending regulation. Professional in appearance and attitude. Utilizes interpersonal skills effectively in a team environment.

EDUCATION and/or EXPERIENCE:

Two years plus experience in mortgage sales, and/or training in a financial institution, mortgage company etc., or equivalent combination of education and experience.

PREFERRED EXPERIENCE:

Eight years plus experience in mortgage sales.

CERTIFICATES, LICENSES, REGISTRATIONS:

The employee is to be eligible to be registered as a loan originator with the appropriate state or federal agency. Active NMLS License required.

SKILLS and ABILITIES:

Ability to read and interpret documents such as credit bureau reports, dept to income ratio reports, appraisals, tax returns and policy and procedure manuals. Ability to read and write routine reports and correspondence. Ability to speak effectively with borrowers, Realtors and other employees of the credit union.

A significant level of leadership trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or is usually of a personal or sensitive nature. Work will involve motivating or influencing others. Outside contacts become important and fostering sound relationships with other entities, companies and/or individuals, become necessary.

Ability to perform under pressure in a team environment. Ability to work independently with very limited supervision, and as a team member. Discretion in decision making and sound judgment in problem solving. Solid time management skills with ability to organize, prioritize, and perform multiple tasks simultaneously. Ability to adapt to change within working responsibilities, be it internal, market or regulatory driven. Ability to lift up to 25lbs.

Disclaimer: The job description does not imply an employment contract, nor is it intended to include every duty, task or instruction for which the employee is responsible. Other tasks may be assigned, based on business need and at Management’s request.

https://www-files.numericacu.com/production/documents/careers-employee-benefits-numerica.pdf

Requirements

Numerica Credit Union is an Equal Opportunity/Affirmative Action Employer

Numerica Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for purposes of participating in the application/hiring process with Numerica Credit Union. If you are unable or limited in your ability to use or access Numerica Credit Union’s career page at www.numericacu.com as a result of your disability, you can request reasonable accommodations by calling (509) 385-1660.