Mortgage Loan Officer

GreenState Insurance Services LLC; Rockford (IL); On-site; USD 47,000 - 57,000; Full time

Benefits offered by this job

Progressive benefits package

Incentive-based compensation

Job summary

GreenState Insurance Services LLC in Rockford, IL is seeking a Mortgage Loan Officer. The role involves advising members on mortgage options, building a strong pipeline, and calling on prospective members and referral sources. You will work to meet regulatory deadlines while serving communities under 30,000 residents.

The salary starts at $52,000 with a progressive benefits package and an incentive plan. The position emphasizes maintaining member confidentiality, teamwork, and representing the

Qualifications

• High school diploma or equivalent with five years of mortgage experience.
• Ability and desire to call on Realtors and make sales marketing presentations.
• Knowledge of procedures, forms, secondary market guidelines and regulations as they relate to mortgage lending.
• Knowledge of Real Estate purchasing and refinancing.
• Ability and willingness to network in the community to build member base and referral sources.
• Ability, availability, and willingness to work flexible hours including evenings and weekends.
• Ability to prioritize assignments and manage large volumes of details.
• Interpersonal skills to represent the credit union positively.
• Excellent figure aptitude.
• Accuracy and attention to detail.
• Ability to operate related computer applications.
• Ability to deal tactfully with members and coworkers.
• Bondable.
• Notary Public Commission or ability to obtain within 6 months (excluding Illinois).
• Must be registered under the S.A.F.E. Act.

Responsibilities

• Explain the mortgage loan application process and products to members.
• Assist applicants in completing mortgage loan applications.
• Gather and analyze applicant information and advise best options.
• Review applications, exercise judgment and render loan decisions for pre-approval/denial.
• Work with Underwriters to obtain loan approval.
• Ensure all necessary documentation is in loan files and regulatory items.
• Make regular outside sales calls to prospective members and referral sources.
• Build relationships with realtors and builders to hit production targets.
• Coordinate with mortgage processing to ensure timely final documentation.
• Assist in timely delivery of HMDA and IRS reporting.
• Participate in training within the Mortgage Loan department.
• Adhere to state, federal and credit union regulations.

Education

High school diploma or equivalent with five years of mortgage experience

Job description

Overview

Creates, collects, analyzes, exercises judgment and advises members on mortgage loan options. Proactively seeks new business and builds pipeline. Maintains organization of pipeline and meets necessary and regulatory deadlines. This position is base salary plus incentive, significant time calling on prospective members and referral sources is essential. Serves our Membership in communities with under 30,000 residents.

GREENSTATE CULTURE:

At GreenState,ourpurpose is to create lasting value for our members, our communities, and one another. We empower our teams to create opportunities that strengthen financial well-being, transform lives, and enhance the vitality of the communities we serve. We know our success—now andin the future—isdeeplyrooted in fostering an engaging, diverse, and inclusive workplace where everyone knows they matter, their work makes an impact, and their everyday commitment tolivingour values is what brings our mission to life.

Salary for this position is $52,000.00 with a progressive benefit package.

Responsibilities

• Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
• Demonstrates a positive member service (internal and external) focus at all times.
• Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
• Ensures confidentiality of member information.
• Supports a diverse and inclusive work environment.
• Responsible for serving our Members and Communities with under 30,000 residents.
• Plays a vital role in enriching the community by participating in community service organizations and/or Credit Union sponsored events on an annual basis.
• Explains the mortgage loan application process and products to the membership.
• Services by phone or in person the need for answers to inquiries pertaining to mortgage rates, mortgage programs, payments, daily rates, points, etc.
• Conducts mortgage loan application interviews assisting applicants in the completion of application.
• Gathers all required applicant information, including collecting, analyzing and advising members on best options to assure proper processing.
• Reviews applications, exercises judgment and renders loan decision for pre-approval/denial.
• Works with Underwriters in meeting their guidelines and obtaining loan approval.
• Is responsible for ensuring that all necessary documentation is in the loan files, including regulatory compliance items.
• With this position, it is customary to make regular outside sales calls to both prospective members and referral sources.
• Building relationships with realtors, builders are others that interact with the financial industry is crucial to ensure the ability to hit specific production targets.
• This may include such things as office calls, lunches or evening receptions as a way to generate future loan prospects.
• Most of such calls will take place outside of the employee’s place of business many of which may extend outside normal work hours.
• Works with mortgage processing department when necessary to ensure final documentation is received by the investors in a timely manner.
• Assists to ensure that the various federal reporting documents are delivered in a timely manner, to include the borrowers 1098, sellers 1099, interest reported to the IRS, and the HMDA report.
• Participates in any necessary training and development needed within the GreenState Mortgage Loan department.
• Adheres to all state, federal and credit union regulations, policies and guidelines.

Qualifications

1. High school diploma or equivalent (i.e., GED.) with five years of previous mortgage experience.
2. Ability and desire to call on the Realtors and make sales marketing presentations.
3. Knowledge of procedures, forms, secondary market guidelines and regulations as they relate to mortgage lending.
4. Knowledge and procedures of Real Estate purchasing and refinancing.
5. Ability and willingness to network in the community. This is essential to build potential member base as well as referral sources for future business.
6. Ability, availability, and willingness to work flexible hours to accomplish workload. During periods of peak demand and at other times, job will require a non-traditional workweek with extra hours including evening and/or weekend duties.
7. Ability to prioritize assignments and organize work efficiently, to handle large volumes of details.
8. Interpersonal skills to represent the credit union in a positive way during member contact.
9. Excellent figure aptitude.
10. Accuracy and attention to detail required.
11. Ability to operate related computer applications.
12. Ability to deal tactfully and efficiently with members and co-workers on a professional level.
13. Must be bondable.
14. Notary Public Commission, or ability to obtain a Notary Public Commission within the first 6 months (excluding Illinois).
15. Must be registered pursuant to requirements of the S.A.F.E. Act.