Mortgage Direct Loan Officer

Alliant Credit Union; Chicago (IL); Hybrid; USD 31,000 - 44,000; Full time

Benefits offered by this job

Annual performance bonus

Work from home up to 3 days a week

Paid parental leave

Employee discount programs

Time off including paid personal and S

Job summary

Alliant Credit Union is seeking a Mortgage Loan Officer to develop new mortgage business from members, non-members and lead sources. You will prospect, gather initial documents and forward applications to processing, ensuring timely and accurate submissions.

The role emphasizes building a diverse referral base and meeting Alliant’s product guidelines while maintaining borrower expectations throughout the loan process.

Qualifications

• Minimum 4 Year Bachelor’s Degree in Business, Finance, Economics or Related.
• Minimum 3 Years Consumer direct loan officer or related.
• In lieu of education: 5 Years Consumer Direct Loan Officer.

Responsibilities

• Development of new mortgage business through referral sources such as realtors and past clients.
• Conduct outbound calling and selling to member leads and credit union provided non-member leads.
• Develop sales and prospects and continually grow a diverse referral base. Identify and sell Alliant’s mortgage strengths and niches.
• Prospects and follows up with credit union provided leads; develops and consistently executes a goal-focused business plan.
• Take accurate and complete first mortgage loan applications, collect initial documentation and forward to the processing unit.
• Originate quality applications that meet Alliant’s product guidelines.
• Set proper borrower expectations and work with members and processing to facilitate a smooth and timely member experience.
• Work with borrower and processing unit throughout the loan process to ensure member satisfaction and expectations are met.
• Originate quality applications that meet product guidelines.

Skills

Mortgage lending knowledge

Sales targets

Prospecting

Communication

Education

Bachelor's degree in Business/Finance/Economics

5 Years Consumer Direct Loan Officer

Job description

Responsible for the development of new mortgage business from both credit union members, noncredit union referral sources and various lead aggregators. Prospecting non-member borrowers and referral sources as well as prospecting to credit unions provided lead opportunities. Stay current with credit union products and mortgage guidelines. Use knowledge of credit union products and mortgage guidelines, as well as an overall knowledge of mortgage lending and current market conditions.

Essential Responsibilities

• Development of new mortgage business through referral sources such as realtors and past clients.
• Conduct outbound calling and selling to member leads and credit union provided non-member leads.
• Develop sales and prospects and continually grow a diverse referral base. Identify and sell Alliant’s mortgage strengths and niches.
• Prospects and follows up with credit union provided leads; develops and consistently executes a goal-focused business plan.
• Take accurate and complete first mortgage loan applications, collect initial documentation and forward to the processing unit.
• Originate quality applications that meet Alliant’s product guidelines.
• Set proper borrower expectations and work with members and processing to facilitate a smooth and timely member experience.
• Work with borrower and processing unit throughout the loan process to ensure member satisfaction and expectations are met.
• Originate quality applications that meet product guidelines.

Education & Years Of Experience

• Minimum - 4 Year Bachelors Degree in Business, Finance, Economics or Related
• Minimum - 3 Years Consumer direct loan officer or related

In Lieu of Education

• 5 Years Consumer Direct Loan Officer

Compensation & Benefits

Typical hiring range: $30,800.00 to $43,600.00 Annually. Actual compensation will be determined using factors such as experience, skills & knowledge.

Benefits: Alliant provides a benefits package including health care, vision, dental, and 401k with employer match including:

• Annual performance bonus
• Work from home up to 3 days a week
• Paid parental leave
• Employee discount programs
• Time off including paid personal and sick days
• 11 paid holidays
• Education reimbursement
• Note that eligibility and cost of benefits can vary depending on the number of regularly scheduled hours, and job status such as regular full-time, regular part-time, or temporary employment.

Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.

The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.