Mortgage Loan Officer - Lynchburg Area

Virginia Credit Union; Lynchburg (VA); On-site; USD 50,000 - 70,000; Full time

Job summary

Virginia Credit Union is seeking a knowledgeable mortgage advisor to assist members through the loan process, including interviews for first mortgage loans and conveying important product information. The role entails excellent communication and team collaboration, focusing on member satisfaction.

Candidates should have strong experience with conventional and government loans, and be able to analyze financial information effectively. This full-time position may require overtime or weekend hours.

Qualifications

• Significant experience with conventional and government loans.
• Excellent knowledge of mortgage documentation and regulations.
• Prior experience marketing mortgage products.

Responsibilities

• Interview members for mortgage loans.
• Assist with understanding homeownership processes.
• Verify and submit mortgage applications for processing.

Skills

Conventional loan experience

Government loan experience

Excellent communication skills

Member service ability

Problem-solving skills

Organizational skills

Team player

Education

High School Graduate

College graduate (preferred)

Tools

ENCOMPASS

VELOCIFY

BLEND

Job description

Responsibilities

• Interview members for first mortgage loans including purchase and refinance transactions.
• Assist members with understanding the homeownership process or other related mortgage products, including conventional and government lending programs.
• Present mortgage options that balance leverage and home affordability.
• Facilitate homeownership programs and seminars.
• Assist in the development of marketing strategies to deepen mortgage relationships with members.
• Consistently communicate with members about their application status (approval, denial, additional documentation, etc.) and current interest rates.
• Ensure interest rates are locked in conformity with VACU policies.
• Conduct preliminary underwriting reviews to assess secondary market standards or VACU guidelines.
• Submit complete applications to processing and underwriting using computer technology.
• Assist in obtaining information for timely processing of all mortgage loans.
• Verify supporting documentation, including employment history, deposit information and other related documentation.
• Comply with Regulations B, X and Z regarding the completion of required disclosures such as the Good Faith Estimate, Truth in Lending, Potential Transfer of Servicing Form, and, if required, the Adverse Action notice.
• Promote VACU mortgage products at branch locations, VACU finance seminars, and cross‑promote other VACU financial services such as consumer lending, investment services, property and casualty insurance, title and settlement services, and VACU Realty/Select and Joyner Fine Properties.
• Complete all required BSA and OFAC training and other required learnings.
• Report all suspicious activity to Security.
• Other duties may be required and assigned by the manager.

Qualifications

• High School Graduate; College graduate preferred but not required.
• Significant conventional and government loan experience.
• Excellent knowledge of mortgage documentation and federal, state, and local real estate regulations.
• Prior experience building dealer/realtor relationships and marketing mortgage products.
• Retail and branch banking experience preferred.
• Experience using ENCOMPASS/VELOCIFY/BLEND automated underwriting systems.
• Excellent oral and written communication skills.
• Strong member service and sales ability, demonstrated by a monthly funded loan volume of $1million.
• Strong problem solving and organizational skills.
• Ability to analyze financial information.
• Must be a team player.
• Computer experience required.

Other Requirements

• Overtime and/or Saturday hours may be required.
• Must be actively registered with the Nationwide Mortgage Licensing System and Registry (NMLS).
• Physical requirements: Ability to sit for long periods and infrequent lifting or carrying of objects up to 10pounds.

Equal Opportunity Statement

Virginia Credit Union is an Equal Opportunity Employer.