Mortgage Loan Originator

Red River Credit Union; Greenville (TX); On-site; USD 50,000 - 80,000; Full time

Job summary

A regional credit union in Texas is seeking a Mortgage Loan Originator. This role involves originating real estate loans, managing loan applications according to federal guidelines, and ensuring excellent customer service. Candidates should have a minimum of three to five years of experience in the mortgage industry and hold a high school diploma. Strong communication and computer skills are essential, along with knowledge of the mortgage industry standards. The position requires a professional demeanor and the ability to handle member-specific loan details.

Qualifications

• Minimum of three to five years of experience in the mortgage industry.
• Ability to maintain a neat and professional appearance.
• Competent computer skills required.

Responsibilities

• Originates mortgage loan applications following industry guidelines.
• Orders credit reports and collects necessary documentation.
• Maintains investor relationships regarding rates and programs.
• Discusses member-specific details regarding loans and credit.

Skills

Customer service skills

Knowledge of mortgage industry

Communication skills

Basic financial analysis

Education

High school diploma or equivalent

Tools

Mortgage origination software

Standard office equipment

Job description

Overview

Position Title: Mortgage Loan Originator

Reports To: VP - Mortgage

Basic Function: Responsible for Originating Real Estate Loans.

Responsibilities

• Originates mortgage loan applications per FNMA, Freddie Mac, FHA, VA, and USDA guidelines. This includes Purchase, Refinance, and New Construction loans.
• Order credit report, provide initial disclosures, collect income and asset documentation, and verify identity in accordance with the Patriot Act.
• Additional responsibilities include setting each prospective loan up in the origination software prior to processing.
• The originator needs to have basic knowledge of real estate procedures and guidelines regarding appraisals, surveys, title work, inspections, and real estate contracts and be able to work closely with the Real Estate Loan Processor and Closer within the department.
• Responsible for maintaining investor relationships regarding rate locks, investor specific software, as well as stay informed of changes to programs as they occur on a regular basis.
• This position requires a high degree of customer service as well as extensive knowledge of the mortgage industry standards and guidelines.
• The originator should have a basic knowledge of analyzing tax returns for self-employed members and be familiar with acceptable forms of documentation per Secondary Market guidelines.
• Responsibilities also include discussing member specific details regarding credit reports, debt ratios, and basic home ownership counseling.
• Maintaining relationships with title companies, realtors, appraisers, surveyors, etc. for the purpose of referrals to the Real Estate Department. Occasional attendance to outside functions relating to the local real estate industry.
• Performs other related duties as assigned.

Qualifications

• Minimum of three to five years of experience in the mortgage industry at a credit union or other financial institution.
• High school diploma or the equivalent.
• Competent computer skills and use of standard office equipment.
• Ability to meet, speak, and deal effectively with people in person and over the telephone, being professional always. Must maintain a neat and professional appearance.
• While the following list is not exhaustive and may be supplemented, identified physical requirements include the ability to operate normal office equipment; some lifting, not to exceed 25 pounds.
• Ability to follow the core values of Team-Focused, Excellence, Authenticity, and Leading in Innovation.