Mortgage Loan Originator

Granite Credit Union; Millcreek (UT); On-site; USD 55,000 - 85,000; Full time

Job summary

Granite Federal Credit Union in Millcreek, UT is seeking a Mortgage Loan Originator at the Main Branch. The role requires origination of brokered and held mortgage programs, prequalification interviews, loan package preparation, and adherence to credit policies.

You will work with members, Realtors, builders, and mortgage professionals to grow relationships and cross-sell services. The position reports to the VP of Consumer and Mortgage Lending, and includes full-time hours with some Saturdays.

Qualifications

• Two to Five years of mortgage loan originating experience.
• Mortgage lending sales experience.
• Understanding of the foundation of determining credit worthiness.

Responsibilities

• Interview, pre-qualify borrowers; complete loan packages.
• Explain mortgage process, timelines, rates, and lock procedures clearly.
• Maintain effective relationships with members, Realtors, builders, and mortgage professionals.
• Communicate with attorneys, appraisers and vendors regarding client needs and closings.
• Ensure confidentiality and high standard of member service.

Skills

Mortgage origination

Customer service

Interviewing

Sales

Education

Associate degree in business

Job description

Job Title: Mortgage Loan Originator

Location: Main Branch (3675 S 900 E, Millcreek, UT 84106)

Status: Full-Time (40 hours a week, some Saturdays required)

Reports to: VP of Consumer and Mortgage Lending

Position Purpose

Responsible for origination of various long term brokered mortgage programs and held in portfolio credit union products. Conducts initial prequalification interviews and prepares complete loan application packages and necessary documentation. Conveys policies for extension of credit in accordance with Credit Union and secondary investor guidelines. Serves members, prospective members, builders, developers, and realtors promptly and professionally strengthens established and potential business relationships. Provides general Credit Union information and cross-sells services, as well mentors mortgage staff with product knowledge. Assists mortgage members as necessary with duties as assigned.

Essential Duties, Skills & Abilities

• Exhibit outstanding member services skills by applying Granite Credit Union Service Standards and
  Core Values.
• Assumes responsibility for meeting established mortgage loan production levels.
• Assumes responsibility for the effective and professional completion of loan origination functions.
• Interviews, pre-qualifies, completes application documents, and analyzes preliminary
  documentation for loan requests. Discusses loan alternatives, credit criteria, interest rates, and
  loan documentation. Explains mortgage process, time frames to expect and lock in procedures
  thoroughly. All in such a manner as to elicit a shared understanding and positive responses from
  members.
• Assumes responsibility for establishing and maintaining effective and professional business
  relations with members, realtors, builders and mortgage professionals.
• Stays informed regarding changes and trends in the local real estate and competitive lending
  market.
• Receives and screens loan applications. Pulls, review and analyzes credit. Gathers
  financial data. Notifies client to resolve discrepancies such as late payment history, judgments,
  etc. Discusses options. Informs client of closing costs such as appraisals, and attorney fees.
• Maintain constant communication with clients via email, phone and mail form application to closing
  and post-closing. Communicate with attorneys, realtors, appraisers and vendors pertaining to
  specific client needs.
• Receives inquiries from prospective customers regarding all types of mortgage and construction
  loans, provides requested information regarding the organizations lending policies and procedures.
• Prepares records and reports as requested regarding loan origination and closing activities as
  needed.
• Determine financing objectives and goals. Conducts the loan interview and secures the customer
  information necessary to initiate a loan transaction. Provides loan information and service to
  customers, realtors, and others as needed.
• Collects supporting loan documentation. Requests a personal employment and credit check of the
  applicant, requests an appraisal on the property and/or construction plans under consideration.
• Maintains contacts and good working relationships with real estate brokers, attorneys, and builders
  to assure a favorable image of the organization and to provide information regarding current loan
  policies and procedures.
• Offers loan customers products including preauthorized payment plan, hazard insurance, health,
  accident and life insurance.
• Ensure that all information and transactions regarding credit union members are kept confidential.
• Maintain the security of the work area and keep it organized and neat in appearance.
• Maintain a professional and courteous attitude with all people, including fellow employees, members, management staff, board members, and outside vendors.
• Attend meetings as required.
• Promote a professional appearance and attitude.
• Other duties as assigned.
• Basic computer operating skills such as email, Microsoft Office, etc.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Required Knowledge and Experience

• Understanding of the foundation of determining credit worthiness.
• Knowledge of Mortgage Investor selling guidelines and requirements.
• Two to Five years of mortgage loan originating experience.
• Mortgage lending sales experience.

Education

Associate degree in business or related field or an equivalent combination of formal training and experience.

Granite Federal Credit Union is an Affinecative/Equal Opportunity Employer, including individuals with disabilities and veterans. Upon request, reasonable accommodations to the application and/or interview process will be provided.