Mortgage Loan Officer

Talentify; Bend (OR); Hybrid; USD 28,000 - 41,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Long-term disability

Life insurance

401(k) plan

Paid time off

Holidays

Wellness programs

Educational reimbursements

Employee assistance program

Job summary

SELCO Community Credit Union in Bend, OR, is hiring a Mortgage Loan Officer to promote SELCO Mortgage and generate loan business. The role reports to the Director of SELCO Mortgage and will interact with realtors, contractors, and potential borrowers to grow the mortgage portfolio.

The position requires a high school diploma or equivalent, a bachelor’s degree or equivalent experience, and at least two years of mortgage loan origination.

Qualifications

• High school diploma or equivalent required; bachelor’s degree or equivalent experience preferred.
• Minimum two years of mortgage loan origination experience.
• Must maintain education and exam requirements per regulatory bodies.

Responsibilities

• Interview mortgage loan applicants and assess eligibility for programs.
• Respond to inquiries promptly and follow up on mortgage questions.
• Assist applicants with the loan application process.
• Ensure timely and accurate processing from interview to funding.
• Develop mortgage loan business through seminars and outreach to realtors and partners.

Skills

Customer service

Cross-sell

Communication

MS Office 365

Interpersonal skills

Time management

Problem solving

Confidentiality

Attention to detail

Analytical thinking

Education

High school diploma or equivalent

Bachelor’s degree or equivalent experience

Tools

Microsoft Office 365

Job description

Work Location

This position will report onsite to the Bend-Old Mill and is possibly eligible for a hybrid onsite and remote work arrangement for those who meet the program requirements.

Compensation

• Base Salary:
  • The full salary range for the Mortgage Loan Officer position is $20.00 to $30.00 per hour.
  • Spanish-language differential: Candidates who pass the Spanish language assessment will be eligible to earn an additional $1-$2 per hour.
• Commissions: This position is eligible to earn commissions in addition to base salary. Commissions range from $0 - no max with the average Mortgage Loan Officer earning $9,500 per month over the past 18 months. We are making changes to future commission schedule that we anticipate increasing the average commissions earnings to $12,000 per month and ranging from being $10,000 to $15,000 per month.
• Incentives: This position is eligible for monthly incentives that range from $5.00 to $30.00, per sold product/service.
• Annual Incentive: In addition, all SELCO team members receive an annual incentive based on how well SELCO meets the prior year’s strategic business goals. This incentive is calculated using the team member’s prior year eligible earnings (commissions are NOT eligible earnings, but base pay is) and ranges from 0%-12% (with the average payout over the last five years being 11.07%).

Benefits

Our team’s well-being is a priority, and we’re proud to offer a comprehensive and holistic benefits package for team members and their families.

• Medical, dental, vision, long-term disability, and life insurance
• 401(k) retirement plan (with guaranteed employer contributions)
• Paid time off for personal and volunteer hours, as well as 10 paid holidays per year
• Additional programs and benefits include wellness and educational reimbursements, an employee assistance program, discounted rates on select SELCO services, and more.

Check out our complete benefits list here!

Position Overview

Promote SELCO Mortgage and generate mortgage loan business.

SELCO Core Essential Functions

1. Demonstrate adaptability and leadership skills, and uphold SELCO’s Mission Statement, Corporate Values, Service Promises and Exceptional Customer Service Standards.
2. Adhere to federal and state regulations, SELCO policies, confidentiality requirements, and other compliance obligations.
3. Interact with internal and external customers in a warm and friendly manner, demonstrate a sincere interest and willingness to help.
4. Consistently achieve individual performance goals and contribute to department and organizational objectives.
5. Represent SELCO with a high level of integrity and professionalism.
6. Adapt to and support change to accomplish SELCO’s goals and objectives.
7. Actively participate in and/or lead required meetings and trainings.
8. Perform other duties as assigned.

Position-specific Essential Functions

1. Interview mortgage loan applicants and review credit and other criteria to determine proper mortgage loan program.
2. Respond and follow-up on mortgage inquiries in a timely manner.
3. Assist mortgage applicants with loan application process.
4. Ensure that each mortgage loan is processed in a timely and accurate manner from the initial interview to submission and through funding.
5. Maintain and demonstrate thorough knowledge of mortgage loan program specific requirements.
6. Develop mortgage loan business through seminars, contact with realtors, contractors, other institutions, and potential borrowers.

Skills and Abilities

The position requires:

1. Exceptional customer service skills by using the GVAL-HI approach to providing service. Greet people. Value them. Ask how you can help. Listen. Help them. Invite them back.
2. Ability to discover member needs to effectively cross-sell SELCO’s products and services.
3. Effective communication and active listening skills through all methods of interaction (e.g., in person, via phone, and in writing).
4. Strong computer and software skills, including Microsoft Office 365 applications.
5. Strong knowledge of computer systems, including knowledge of systems as it applies to department usage.
6. Strong interpersonal skills with the ability to work collaboratively with others.
7. Excellent time management, prioritization, and organizational skills with a high level of initiative, accountability, and flexibility to adapt to changing business needs and deadlines.
8. Strong problem resolution and problem prevention skills.
9. Willingness and ability to receive, give, and apply coaching and feedback.
10. Ability to work accurately with close attention to detail.
11. Strong analytical skills and ability to use experience-related knowledge and good judgment to make sound, logical decisions.
12. Ability to maintain confidentiality of sensitive information.
13. Work ethic that includes dependability, punctuality, and a professional appearance and demeanor.
14. Ability to perform and complete tasks despite background noise and interruptions.

Education and Experience

1. High school diploma or equivalent; and
2. Bachelor’s degree or equivalent experience; and
3. At least two (2) years of experience in mortgage loan origination; and
4. Must maintain minimum education and exam requirements in accordance with Department of Finance and Corporate Securities and Nationwide Mortgage Licensing System State Registration (this requirement may be waived at manager’s discretion for employee’s first ninety (90) days); and
5. Must be bondable.

Physical Demands

While performing the job duties, approximately 90% of the time is spent stationary, with the remaining time spent moving around work areas. Frequent communication occurs in person, over the phone, and in writing. This position requires the ability to view a computer screen and interpret printed materials and other documents. This position requires the ability to lift and transport up to 5 pounds, and there is an occasional need to stoop, kneel, or reach to access documents, equipment, and supplies.

Interaction and Work Environment

Reports to: Director of SELCO Mortgage
Work areas are inside a climate-controlled environment with background noise.

Material and Equipment Used

Computer, phone, scanner, copier, fax machine, web camera, and general office supplies

Acknowledgement

I have received and reviewed a copy of the Mortgage Loan Officer job description. I understand that this job description is not a contract of employment and in no way changes the at-will nature of the employment relationship with SELCO Community Credit Union.