Mortgage Loan Officer Job Description

The purpose of a Mortgage Loan Officer is to assist our members in making sound lending decisions that fall within the parameters set by White Eagle CU. They understand the importance of working in an environment that depends on the accountability of all and that working soundly together is essential to success. Every interaction is based on integrity and respect.

Duties include but are not limited to:

Conduct loan interviews with members to determine their needs and guide them through mortgage loan
Prepare and submit mortgage applications and help resolve problems with applications when necessary. Evaluate creditworthiness and eligibility for obtaining a mortgage Notify clients of loan decision.
Process loan closings by educating the member on the terms of their loan and obtaining all necessary documentation for the completion of the loan and assist in the disbursement of loan proceeds.
Ensure data is in line with Fannie Mae and White Eagle
Research new mortgage loan policies and recommend changes when
Build a supportive referral network with clients, lenders, and real estate
Package and sell first mortgages to
Be able to clear any QC requirements for MMS within 24
Track recorded mortgages and final title
Track and report all loans to HMDA by March 1^st of each
Be able to thrive in a team environment, including readily acting as a backup for team members to ensure members are taken care of quickly and efficiently, as well as being able to excel on an individual basis.
Establish excellent member service skills to show each member how important they are to the credit union by interacting in a friendly, helpful, and positive way.
Develop an understanding of credit union history, philosophy, organization, bylaws, and operational procedures so that together, as a team, we will succeed.
Serve as a Notary

Qualifications:

Education: High School graduate or equivalent.

Experience: Professional appearance and good communication skills. Experience with large server-based systems with a high attention to detail. Experience in banking or with credit unions is preferred. Knowledge of the Encompass system is preferred but not required