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Mortgage Loan Officer
Ref No.: 19-00742
Location: Wilmington, California

We are seeking an individual with strong mortgage origination or relevant experience for the Mortgage Loan Officer role at a credit union in Wilmington. The Mortgage Loan Officer is a hands-on role where your efforts have a meaningful impact on the growth goals of the organization. The successful candidate provides information on credit union products and services to potential borrowers according to all credit union policies and procedures as well as Federal and State rules and regulations. Interviews all applicants for real estate loans. Prepares, analyzes, processes and documents all required forms and related documents for real-estate loans. Approves or denies loan applications based on analysis of each applicants background. Responsible for promoting credit union products and services to ensure meeting productivity goals.

Responsibilities

  • Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process. Achieve productivity goal as set forth by manager
  • Prequalify loan applicants by examining all borrower information and documentation, assessing credit-worthiness, adequacy of income, credit and collateral and calculating repayment risk. Determines the maximum purchase price/loan amount based on borrower data. Approve or deny real-estate loan applications that do not meet pre-qualification standards, and explain reasons for denial
  • Gather and review necessary data to complete the loan review process including credit bureau reports; verifying debts and estimating monthly payments for any outstanding debts not listed on application and ensuring they are added to application
  • Prepare mortgage loan application and documentation for underwriting and closing. Ensure that each real-estate loan is processed accurately, troubleshoot any issues that may arise during the processing period, and maintain communication with borrower throughout processing period, as needed
  • Develop mortgage loan business through continual identification, development and maintenance of a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. This network may consist of Real Estate professionals, builders, and professional contacts, as well as other valuable referral sources
  • May oversee responsibilities of Mortgage Loan Assistant, if appropriate

Requirements

  • English/Spanish fluency desired
  • High School diploma or equivalent; Bachelor's degree preferred
  • 2+ years relevant experience in mortgage, banking or other relevant experience
  • Strong analytical and quantitative skills and ability to independently handle loan applications and assess borrower ability to successful repay loans
  • Ability to consistently follow guidelines for file quality
  • Ability to consistently meet productivity goals
  • Ability to secure and maintain NMLS certification
  • Strong organization, computer and customer service skills
  • Strong communications skills including strong writing skills and presentation skills
  • Proficiency with Word, Excel and PowerPoint
  • Ability to travel