POSITION: Mortgage Loan Originator/Processor

REPORTS TO: Director of Lending

Supervisory Responsibilities: None

SUMMARY/OBJECTIVE:

Answer questions from members on real estate loans and rates. Gather and analyze financial information on members for the purpose of determining qualifying status for mortgage loans. Provide member with applications, interview for routine loans, or to obtain additional information, and set up appointments with mortgage loan officer. Collate, review, and verify a myriad of loan documents for accuracy for real estate transaction. This position also maintains thorough knowledge of lending products and services and understands the department’s internal processes that support these products and services.

FLSA Classification: Non-Exempt

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Process applications and verify accuracy for second mortgage open‐end and closed‐end loans; conduct loan interviews with members when necessary. Follow‐up with members to obtain any documentation.

Return calls and voicemails within a 24-hour business period.

Provide all applicable disclosures for both fixed‐ and variable‐rate loans.

Calculate closing costs and provide a good faith estimate for closing costs to members.

Process loan to include verification of employment, deposit accounts, and all liabilities in order to prepare application of verified information.

Order and check credit report to determine credit worthiness of applicant based on industry standards for collateral/equity value.

Approve or deny second mortgage open‐end and closed‐end loan applications under authority delegated by policy.

Request and evaluate real‐estate appraisal to ensure proper guidelines are followed and final value is properly determined.

Request flood certification to determine if property is or is not in a flood zone.

Order title work from attorney.

Obtain copy of current homeowner’s insurance and flood insurance (if applicable) and make sure mortgage clause is in favor of credit union.

Establish repayment and interest schedule based upon loan guidelines and rates.

Prepare closing package, researching and resolving all items in the closing package to ensure closing process is on time and documentation is complete and accurate.

Originators/Processors must understand and are accountable for executing all job functions in a way that is consistent with all requirements for Federal/State regulatory guidelines, BSA, OFAC and the USA Patriot Act/Customer Identification Act (CIP). Note: Failure to comply with requirements may be subject to strong disciplinary action, up to and including termination by the credit union, as well as civil and criminal penalties.

Competencies:

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, skills and/or abilities required.

Ability to solve problems within established policies and procedures

Ability to accept and perform new job responsibilities as needed

Excellent communication skills (oral, written and listening), professional appearance and positive attitude

Basic math skills required (ability to add, subtract, multiply, and divide using whole numbers, common fractions, and decimals)

Have a thorough knowledge of Mortgage Lending Compliance and Lending Regulations.

Good working knowledge of credit models and credit scoring

Education & Qualifications:

High school diploma or equivalent and at least two years of related work experience, preferably in a financial institution

Math Ability – Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability – Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Computer Skills – MS Word, Excel, Outlook, and PowerPoint.

Experience, Skills and Other Requirements:

Must possess strong basic math skills, accuracy and attention to detail

Must demonstrate an ability to understand and implement changing policies and procedures.

Exceptional oral and written communication skills required.

Must possess interpersonal skills including courtesy, tact, and diplomacy as they are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

Certificates, Licenses and Registrations:

Must successfully complete BSA training as required

Employee must be bondable (insurable)

Must have or acquire a valid NMLS (Nationwide Mortgage Licensing System) Unique Identifier within the 18 months of employment.

WORK ENVIRONMENT: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Primarily in-door office work with quiet to moderate noise level.

Occasional work outside the office.

Occasional travel for business-related functions.

Occasional evening and weekend schedules required.

Position Type/Expected Hours of Work:

This is a full-time position. Days and hours of work are Monday through Thursday 8:00 a.m. to 5:00 p.m., Friday 8:00 a.m. to 5:30 p.m. and occasional Saturdays from 9:00 a.m. until 1:00 p.m. Saturday rotation required; May also require occasional travel for training as needed. Hours may change without notice.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, stand, and walk; use hands to finger, handle, feel or grasp; reach with hands and arms; and talk or hear. The employee is frequently required to kneel, crouch, or stoop. The employee is occasionally required to lift and/or move 25-30 pounds.

Employment Requirements:

All applicants must meet the certain conditions of employment to be eligible for employment at Sunbelt Federal Credit Union:

U.S. Citizenship

Successfully passing a drug test for illegal drugs

Successfully passing a background investigation

Benefits Offered:

401K, With employee match and profit shares.

Medical, 100% paid for employee only policies, additional cost for dependents.

Dental & Vision

Company provided Life, STD, LTD, Medical

Aflac Insurance products

Paid Holidays

Employee Education Assistance Program (Tuition Reimbursement). Contract required with Terms and Conditions.

16 Days of PTO (Paid time off) that begins accruing day one. (usable after 90 days)

Employee Assistance Program (EAP)

DECLARATION

This job description is 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. Sunbelt FCU is an Equal Opportunity Employer.