Mortgage Loan Officer

Peak-Credit-Union; Portland (OR); Remote; USD 38,000 - 46,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Health Care FSA and HSA contributions

Life and AD&D insurance

401k plan

Job summary

Peak Credit Union is seeking a mortgage loan originator to serve members in Oregon and Washington, primarily remote with focus on the Portland/Vancouver markets. Travel is required for this role.

You will originate conventional, construction, government, and home equity loans, guiding members through the full process. 2+ years of originations experience and NMLS certification are preferred. Base salary is $42,000 with an incentive plan and uncapped potential.

Qualifications

• Two+ years of mortgage originations experience.
• High School diploma or equivalent.
• Knowledge of SAFE Act, TRID, HUD guidelines.

Responsibilities

• Introduce and evaluate member loan needs.
• Originates conventional, construction, government, and home equity mortgages.
• Monitor loan processing and gather required documents.
• Ensure compliance disclosures before processing.
• Develop referral networks with branches, realtors, and builders.

Skills

Mortgage loan originations

Customer service

Relationship building

Education

Bachelor's degree

NMLS certification

Tools

FHA Connection

Job description

To maintain a strong connection with our members and local communities and better understand their unique needs , we are currently considering applications from candidates residing in Oregon and Washington for all open positions. We appreciate your understanding as we focus our hiring efforts in these specific regions. And, we encourage all qualified candidates from these states to apply, as we look forward to learning more about your unique skills and experience !

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

• The target base salary for this position is $42,000. In addition to base compensation, there is a competitive incentive plan, the realistic potential earnings are in the low to mid six-figures (depending on markets served), with no cap on upside.
• Compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer of employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

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.

#ZR

Peak 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.

For more information on Right to Work, please click here: Right to Work

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Peak Credit Union is an Affirmpative Action and Equal Opportunity Employer. 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 [e-mail].

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 [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.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Peak Credit Union ’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the