Mortgage Loan Officer

Minnco Credit Union; Princeton (MN); Hybrid; USD 46,000 - 60,000; Full time

Benefits offered by this job

Health plan

HSA contributions

Dental insurance

Life Insurance

Long Term Disability

Retirement plan

PTO

Employee Assistance Program

Paid Family Leave

Job summary

Minnco Credit Union in Princeton, MN is seeking a Mortgage Loan Officer to manage the loan process from application to underwriting, prequalification, and disclosures, serving members at the Princeton Branch and other locations as needed.

The role emphasizes member service, accurate documentation, and collaboration with the Mortgage Loan Processor; requires an active MLO license, 2–3 years of relevant financial experience, and knowledge of Conventional, FHA, and VA programs.

Qualifications

• High School Diploma or equivalent required.
• 2–3 years of similar or related financial experience.
• Mortgage Loan Originator (MLO) license required.
• Proficient in structuring loans and evaluating collateral and credit reports.
• Strong knowledge of Conventional, FHA, VA mortgage programs and underwriting docs.
• Solid understanding of mortgage lending regulations.
• Excellent written and verbal communication skills.

Responsibilities

• Interview loan applicants in branch and by phone to prepare applications.
• Explain loan products and discuss options (rates, terms, payments).
• Obtain information, compute debt ratios, verify income, and discuss rate/lock with members.
• Pre-qualify members and advise on underwriting decisions.
• Collaborate with Mortgage Loan Processor to progress loan files.

Skills

Interpersonal skills

Customer service

Communication

Mortgage loan origination

Education

High School Diploma or equivalent

Mortgage Loan Originator (MLO) license

Tools

Microsoft Office

Teams

Job description

Job Title: Mortgage Loan Officer

FLSA Status: Non-Exempt, Full Time

Reports To: Mortgage Sales Manger

Pay Level: $21.63 to $28.85 base pay with monthly commission for additional earning potential

Department: Minnco Center Administration

Date: October 2026

Position Objective

This Mortgage Loan Officer is responsible for completing the loan application, gathering the necessary paperwork and prequalifying members to facilitate the loan origination process. Mortgage Loan Officer’s must also exemplify superior member service and build positive member relationships. This position also acts as a resource to the credit union staff and members by displaying knowledge and expertise in the mortgage field. This position will manage multiple branches.

Essential Duties and Responsibilities

• Interview loan applicants in branch and over the phone: prepare applications by collecting and completing necessary information for loan submission; run loans through secondary market underwriting system for initial decision.
• Inform members of Minnco’s loan products and discuss options (rates, projections, payment schedule, etc.); recommend appropriate products and terms, and solicit additional products they qualify for per underwriting.
• Obtain additional information from the members, run debt ratio, analyze credit, calculate or verify income to meet the underwriter’s request and contact members to go over rate, term, rescission, promo, credit bureau and lock the mortgage rate.
• Pre-qualifies members.
• Advise applicants of initial underwriting decisions, provide advice on counter offers.
• Re-price mortgage loans based on any changes to loan scenario and send out appropriate disclosures.
• Work with the Mortgage Loan Processor to facilitate the loan process by informing members of the status of their loan file and answering any mortgage lending related questions.
• Recommend, consult, and sell Minnco products and services to maintain an active pipeline of mortgage loans through company generated leads and referral sources.
• Identify members’ financial needs and market appropriate products and services to ensure member’s financial needs are met.
• Initiate contact or follow up on all leads in a timely basis with outbound calls and or correspondence.
• Provide support to the mortgage department to ensure department efficiency.

Leadership and Professionalism

• Maintain and uphold Minnco’s Core Values in all work
• Ability to act with integrity and professionalism while maintaining confidentiality and objectivity
• Maintain a professional image of Minnco by maintaining a neat workspace, wearing proper attire and greeting all with a positive attitude and a smile

Required Qualifications

• High School Diploma or equivalent
• Two to Three years of similar or related financial experience
• Mortgage Loan Originator (MLO) license required
• Proficient at structuring a loan, determining proper loan to value on collateral, and familiar with credit reports
• Thorough understanding of Conventional, FHA, VA and special mortgage loan programs with knowledge on the necessary documentation required for processing and obtaining underwriting approval
• Comprehensive knowledge of mortgage lending practices, including federal and state regulatory requirements
• Excellent written and verbal communication skills

Desired Qualifications

• Proficient in Microsoft Office and Teams environments with the ability to easily learn different programs and applications
• DNA Experience
• Previous experience within a financial institution, preferably credit unions

Environment and Physical Demands

The majority of work will require sitting/standing while using the computer, and participating in meetings (in person, while on the phone, or online). Using finger dexterity for typing on the keyboard plus reading and viewing computer monitor.

Work Location

Employees will work in an office setting with low noise level. This is a hybrid position housed out of our Princeton Branch. Travel to other branch locations will be required as needed.

Our Company

Since 1935, Minnco Credit Union has provided the people of East Central Minnesota with quality financial products and services at the lowest possible cost. Having grown to more than 30,000 members, Minnco Credit Union is preserving its rich tradition by continuing to provide our members with new, convenient products and services to meet the demands of today’s hectic lifestyles.

Our Core Values

The acronym STRIVE encompasses our core values of Strength, Trust, Respect, Integrity, Value, and Engagement. At Minnco, we are committed to providing these values to both our members and employees and therefore STRIVE to fulfill these principles every day.

Benefits Offered

• High Deductible Health Plan at low cost to employees, with a $2000 employer contribution to your eligible HSA account.
• Flexible Spending Accounts
• Dental
• Life Insurance, Long Term Disability and AD&D for Full-time 40-hour employees
• Long Term Disability insurance which pays 60% of salary after 90 days
• Retirement Benefits
• Generous PTO Benefit
• Employee Assistance Program
• MN Paid Family and Medical Leave

This job description may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time at the discretion of Minnco Credit Union.

Complies with the Bank Secrecy Act/Anit-Money Laundering/CIP (U.S. Patriot Act), privacy procedures and policies.

Minnco Credit Union does not discriminate based on race, sex, color, religion, ago, nationality, origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and ben