Mortgage Loan Originator

Elevations Credit Union; Broomfield (CO); On-site; USD 60,000 - 120,000; Full time

Benefits offered by this job

Highly competitive commission-based pay

6 weeks fully paid parental leave

Tuition reimbursement up to $5,250/year

Personalized onboarding through our MT

In-house underwriters and closers

Marketing support and mortgage CRM

Access to Colorado real estate events

Relationship processing

Learning and development programs; 5,5

Job summary

A financial institution in Colorado seeks a Mortgage Loan Officer responsible for originating mortgage loans and fostering relationships with realtors and builders. The role requires a strong customer service background and experience in processing loans. Candidates should have a two-year degree and at least two years of relevant experience. This position offers highly competitive commission-based pay without a cap.

Qualifications

• Minimum of two years' experience as a Mortgage Loan Officer.
• Experience with mortgage processing systems desired.
• Experience with FNMA Desktop Underwriter, FHLMC, FHA, and VA, PC Lender and mortgage processing systems desired.

Responsibilities

• Originates mortgage loans and develops referral relationships.
• Counsels customers and conducts preliminary underwriting.
• Ensures timely document collection for processing.
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).

Skills

Communication skills

Customer service

Loan origination

Technical proficiency in mortgage systems

Education

Two-year college degree or equivalent

Tools

FNMA Desktop Underwriter

FHLMC

FHA and VA

PC Lender

Job description

Overview

• A leadership team that strives to make Elevations the best place you’ve ever worked
• A focus on supporting our employees’ mental, physical, and financial well-being
• A commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors
• A highly engaged workforce devoted to innovation, continuous improvement, and collaboration
• A reputation for excellence as a two-time recipient of the Malcolm Baldrige National Quality Award
• A passion for consistently providing amazing experiences and creating raving fans

Perks

• Highly competitive commission-based pay structure (with no cap)
• 6 weeks fully paid parental leave
• Paid board affiliations and memberships
• Personalized onboarding through our Mortgage Sales Concierge
• In-house underwriters and closers
• Dedicated marketing support from our business development team and a mortgage CRM (Jungo and Bombomb)
• Access to over 300 Colorado real estate events, seminars, and activities that we attend, sponsor, or host each year
• Relationship processing – a unique team approach to efficiently processing loans
• Opportunities to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Summary/Objective

Originates mortgage loans in an assigned territory; develops referral relationships with realtors, builders, bankers, and other sources to proactively solicit business and meet specific loan origination goals. Counsels customers, takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval using laptop technology. Remains the front-line contact with customers and realtors to ensure documents required for processing, underwriting, and closing are secured in a timely manner. The salary for this position is 100% commission.

Essential Functions

• Interviews and assists members. Inputs loan applications into online loan system. Monitors online queue of member-originated loans. Reviews files for completeness and accuracy. Communicates with loan processor/closer regarding outstanding items and/or additional documentation needed. Requests additional information. Communicates terms and conditions of an approved loan and reviews with member. Delivers Good Faith Estimate/ TIL disclosures within 72 hours of application date.
• Assists with processing and loan closing coordination with member.
• Cross-sells other credit union services.
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).

Reports to

Manages

This role does not have supervisory responsibility.

Required Education and Experience

• Equivalent to a two-year college degree or completion of a specialized course of study at a business or trade school
• Minimum of two years' experience in Mortgage Loan Officer role in a similar organization

Preferred Education and Experience

Experience with FNMA Desktop Underwriter, FHLMC, FHA, and VA, PC Lender and Mortgage processing systems desired.

About Elevations

Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1952, we’ve grown from 12 members and less than $100 in assets to an institution with 15 branches and more than 170,000 members, managing over $3 billion in assets, and we are the No. 1 credit union mortgage lender in Colorado. Elevations focuses on consumer solutions rather than a product-centered model, providing unbiased information to members and the community.

EEO Statement

The Credit Union is dedicated to equal employment opportunity. We prohibit unlawful discrimination on the basis of age, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status, or any other status protected by applicable law. We may require a credit history report for certain positions; any information in such a report will not be the sole factor in employment decisions. We comply with the Fair Credit Reporting Act and applicable employment laws.