Mortgage Loan Originator

Elevations Credit Union; Denver (CO); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Highly competitive commission-based pay

6 weeks fully paid parental leave

Access to professional development programs

Mortgage processing support

Marketing support and CRM tools

Job summary

A Colorado-based financial institution seeks a Mortgage Loan Officer to originate loans and develop referral relationships. You will counsel customers, take applications, and ensure timely processing of loan documents. This role offers a competitive commission-based pay structure with additional benefits including parental leave and professional development opportunities.

Qualifications

• Minimum of two years' experience in a Mortgage Loan Officer role.
• Experience with mortgage processing systems desired.
• Experience with mortgage processing systems and DU/Fannie Mae guidelines preferred.

Responsibilities

• Originates mortgage loans in an assigned territory.
• Counsels customers and takes applications.
• Ensures timely document processing for underwriting.
• Interacts with realtors, builders, bankers, and other sources to solicit business.
• Interviews members, inputs loan applications, and coordinates processing and closing.

Skills

Communication skills

Customer service

Sales skills

Education

Two-year college degree or equivalent

Tools

FNMA Desktop Underwriter

FHLMC

PC Lender

PC Lender / mortgage processing systems

Job description

Overview

When joining Elevations, you can expect to work for a company with:

• A leadership team that strives to make this 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 evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award
• A passion for consistently providing amazing experiences and creating raving fans

Benefits

• 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
• Ample opportunity 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 in order to proactively solicit business and conduct sales-related activities, in order to meet specific loan volume origination goals. Counsels customers, takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval using laptop technology. Remains front line contact with customers and realtors to ensure that 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 on-line loan system. Monitors on-line queue of member originated loans. Reviews files for completeness and accuracy. Communicates with loan processor/closer regarding any 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 similar organization

Preferred Education and Experience

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

Elevations uses multi-factor authentication to keep our data safe. A personal smart phone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

About Us

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 that manages over $3 billion in assets and is the No. 1 credit union mortgage lender in Colorado. At Elevations, we’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.

EEO Statement

The Credit Union is dedicated to the principles of equal employment opportunity. We prohibit unlawful discrimination against applicants or employees on the basis of age, race, sex, sexual orientation, gender identity, color, religion, national origin, disability, or any other status protected by applicable state or local law.