Mortgage Loan Originator

SIU Credit Union; Carbondale (IL); On-site; USD 45,000 - 85,000; Full time

Job summary

SIU Credit Union is seeking a Mortgage Loan Originator to manage end-to-end real estate loans, including documentation, underwriting, and closing while counseling members on credit options.

The role requires processing 1st mortgage applications, reviewing credit, and ensuring all files meet regulatory and secondary market standards. Strong client service and regulatory knowledge are essential.

Qualifications

• In-person interviews with prospective borrowers.
• Ability to quote rates and explain loan programs.
• Counsel applicants on credit improvement after denials.
• Perform loan closings with high-level customer service.
• Stay current on mortgage industry standards and trends.
• Maintain NMLS registration and adhere to regulations.

Responsibilities

• Process 1st mortgage applications and review credit reports.
• Operate automated underwriting or similar systems.
• Approve or deny mortgage applications.
• Deliver pre-qualification letters, rate locks, disclosures as needed.
• Prepare mortgage documents and facilitate closings.
• Disburse in-house and secondary market mortgages; handle related clerical work.
• Review regulations and industry standards to recommend policy improvements.
• Ensure HMDA and RESPA compliance in all files.

Skills

Interview borrowers

Quote rates

Credit counseling

Close loans

Regulatory compliance

NMLS registration

Education

High school diploma

Tools

PC software

Job description

Description

POSITION: Mortgage Loan Originator

• Reports To: Mortgage Loan Manager
• FLSA Status: Non-Exempt
• Supervisory: No
• Department: Mortgage Lending
• Pay Code: 9

POSITION PURPOSE

The Mortgage Loan Originator handles the end-to-end execution of real estate loans, combining technical processing with high-touch member consultation. This role is responsible for the rigorous documentation, underwriting, and closing of loans while providing credit counseling to members and ensuring all files meet strict regulatory and secondary market standards.

Key Responsibilities

Member Services & Product Knowledge

• Conduct in-person and telephone interviews with prospective borrowers.
• Quote rates and explain various loan programs from a deep understanding of mortgage loan products.
• Counsel applicants on ways to improve credit in the event of a denied application.
• Perform loan closings and provide a high level of customer service throughout the process.
• Stay current on industry standards and trends.

Lending & Credit Portfolio

• Process 1st mortgage applications, including ordering and reviewing credit reports and operating an automated underwriting system.
• Approve or deny 1st mortgage applications.
• Ensure timely delivery of various documents not limited to: pre-qualification letters, denials, rate locks, and closing disclosures.
• Prepare all necessary mortgage loan documents and facilitate closing process.

Team Support

• Manage the disbursal of in-house and secondary market mortgages.
• Perform a wide variety of clerical duties related to real estate loan files.
• Perform additional duties as assigned by the Mortgage Loan Manager

Strategic Leadership

• Review regulations, trends, and industry standards to make recommendations for policy and procedural improvements.
• Monitor industry shifts to ensure lending practices remain modern and efficient.

Compliance & Security

• Ensure all files and processes follow the Home Mortgage Disclosure Act (HMDA).
• Meet Real Estate Settlement Procedures Act (RESPA) guidelines.

Requirements

QUALIFICATIONS

• High school diploma or equivalent.
• Experience with loan documents preferred
• Familiar with general ledgers
• Proficient in using standard office equipment and PC software.
• Excellent written and verbal communication skills.
• Must be bondable.
• Strong decision-making skills with the ability to exercise sound administrative judgment.
• Maintain active registration with the Nationwide Mortgage Licensing System & Registry (NMLS).

PHYSICAL REQUIREMENTS

• Physical Activity: Must be able to sit for extended periods, move around the workspace, and reach in any direction. The ability to lift to 10 pounds is also required.
• Sensory Abilities: Requires normal sight and hearing to perform job functions.
• Work Schedule & Environment: The position may require extensive hours and occasional travel. The work environment has a slightly high noise level and may involve exposure to potentially dangerous conditions.

***Job descriptions are intended to be accurate reflections of principal job elements for making fair pay decisions and are not intended to be exhaustive lists of all responsibilities, skills, or working conditions.***