Mortgage Loan Officer

Peak Credit Union; Oregon; Hybrid; USD 38,000 - 46,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401k plan

Paid holidays

Vacation and sick leave

Self-care time

Volunteer time

Job summary

Peak Credit Union in the United States seeks a Mortgage Loan Originator to establish professional member relations and drive self-sourced mortgage volume in Oregon and neighboring markets. Remote in OR or WA with travel to partner branches and realtor networks.

The role offers uncapped earnings with a base of $42,000 and total annual earnings ranging from $140,000 to $237,000+, depending on production and mix of self-sourced and branch-driven business.

Qualifications

• High School diploma or equivalent.
• Two years of mortgage originations experience.
• Bachelor's degree preferred.
• One year loan originations experience in a financial institution preferred.
• NMLS certification preferred.

Responsibilities

• Introduce and evaluate member loan needs based on financial goals.
• Originate conventional, construction, government and home equity loans to completion.
• Monitor processing and collect required documents.
• Ensure timely submission and compliance disclosures.
• Develop referral channels with branches, realtors, builders and events.
• Respond to referrals within one business day and coordinate with leadership as needed.
• Maintain community involvement to grow loan production.
• Ensure adherence to lending, regulatory, privacy and security policies.

Skills

Mortgage product knowledge

Customer service

Relationship building

Regulatory compliance

Education

High School diploma

Bachelor's degree

Tools

FHA Connection

CRM software

Job description

Job Overview

Responsible for establishing professional, high-quality service and member relations for individuals seeking mortgage loans with the credit union. Develops business from external and internal sources, while ensuring exceptional service and support for members throughout the mortgage application process.

Where You Will Work

This position is based remote in OR or WA, with a focus in the Portland/Vancouver markets.

Travel is required for this position.

When You'll Be Working

Full-time, 40 hours a week.

Pay Range

Earnings potential is driven by self-sourced volume generated through realtor and other external sources, providing uncapped income opportunity. Annual earnings, including $42,000 in base compensation, can range from $140,000 to $237,000+, depending on production volume and the mix of self-sourced and internal, branch-driven business.

What You'll Do

• Introduces and evaluates member loan needs based on meeting their financial needs.
• Originates quality conventional, custom construction, government and from time-to-time home equity mortgage loans to their conclusion.
• Monitors loans in process and works with members to obtain and complete required documents.
• Continues to monitor applications in the processing stage and maintains accountability for seeing the loan to completion.
• Provides necessary disclosures to the member and develops a completed application ensuring all compliance related matters have been addressed prior to submitting to processing.
• Meets with branches, realtors, builders, and other referral sources within assigned trade area to build relationships and establish strong referral channels either through scheduled events or attendance of branch scheduled sales meeting, in accordance with RESPA Section 8 requirements.
• Responds to all branch referrals via CRM within one business day. Proactively involves the Director of Mortgage Sales to meet member demand and mitigate service failure.
• Remains active within the community through the credit union's community engagement programs and regional realtor and builder associations to acquire new loan production.
• Follows all lending and compliance training and guidelines in an effort to reduce risk and exposure to the credit union.
• Reports and monitors the status of applications at predetermined one on one with the Director of Mortgage Sales on funding expectations as needed.
• Prepares and executes 90-day action plans designed to meet member needs and production goals as predetermined and approved by the Director of Mortgage Sales.
• Demonstrates highest levels of customer service, confidentiality and discretion when dealing with the internal and external members.
• Develops and maintains an acute working knowledge of the assigned duties and job functions; keeping up to date and requesting additional training and/or development as needed.
• Ensures duties performed are in compliance with all security, audit, regulatory compliance, information security, customer privacy, and Bank Secrecy Act/Customer Identification Program policies and procedures.
• All other duties as assigned.

Minimum Qualifications

• High School.
• Minimum of two (2) years of experience in mortgage related originations.

Preferred Qualifications

• Bachelor's.
• Minimum of one (1) year loan originations experience in a financial institution.
• NMLS certification.

What You'll Bring

• Knowledge of or ability to learn federal, state and local laws, statutes, regulations codes and standards related to the area of responsibility. This includes, but is not limited to SAFE Act, TRID, and HUD guidelines.
• Knowledge of principles and processes for providing member services; including member needs assessment, meeting service standards and evaluation of member satisfaction.
• Knowledge working with support systems such as FHA Connection and order mortgage insurance certificates for conventional, FHA, and VA mortgages.
• Explain policies, procedures, laws and regulations to members and fellow employees.
• Interpret a variety of instructions and technical procedures furnished in written, oral, diagram, or schedule form.
• Interpret and applying laws, regulations, policies and procedures.
• Keep current with industry and regulatory changes and trends.

Total Rewards

This position is eligible for Full-Time Regular benefits. Employees and their eligible family members have access to a wide array of employee benefits, such as medical, dental, vision and life insurance coverage.

• Includes an option for Medical, Dental, and Vision insurance to be paid at a 100% by company for the employee only coverage.
• We also offer Health Care FSA (HCFSA), Health Savings Account (HSA) with employer contributions, and Dependent Care FSA (DCFSA).
• Employees also have access to Life and AD&D insurance.
• Employees are able to enroll in our 401k plan.
• Full-Time Regular employees accrue 8 hours of vacation and 8 hours of sick leave, on a monthly basis.
• Full-Time Regular hired employees also receive 11 paid holidays throughout the calendar year, 1 floating holiday, 16 hours of self-care time, and 16 hours of volunteer time.

All benefits except 401k start the first of the month following date of hire. Employees become eligible to contribute to 401k on the first of the month following 60 days of employment.

#ZRPeak Credit Union participates in E-Verify. We use E-Verify to confirm the identity and employment eligibility of all persons hired to work in the United States.

Peak Credit Union is an Aff…

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Equal Employment Opportunity Posters If you'd like to view a copy of the company's affirmative action plan or policy statement, please email .If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail . This email is created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues not related to a disability, will not receive a response.Equal Opportunity Employer Veterans/DisabledEqual Opportunity is the Law PostingPay Transparency Nondiscrimination Posting

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Your personal data will be retained by the Credit Union as long as the Credit Union determines it is necessary to evaluate your application for employment and as required under applicable state and federal law. Greenhouse is under contractual obligation to keep such information confidential, and the Credit Union's privacy practices comply with all applicable state and federal laws.