Mortgage Loan Originator

Red River Credit Union (RRCU); Poteau (OK); On-site; USD 65,000 - 85,000; Full time

Job summary

Red River Credit Union (RRCU) in Oklahoma seeks a Mortgage Loan Originator to originate real estate loans and guide members through purchase, refinance, and construction financing.

You will gather income/asset documentation, run credit reports, disclose initial terms, and ensure compliance with Patriot Act requirements while coordinating with processors and closers.

Qualifications

• Minimum of 3–5 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.

Responsibilities

• Originates mortgage loan applications per FNMA, Freddie Mac, FHA, VA, and USDA guidelines; including Purchase, Refinance, and New Construction loans.
• Order credit reports, provide initial disclosures, collect income and asset documents, and verify identity per the Patriot Act.
• Set each prospective loan up in the origination software prior to processing.
• Maintain knowledge of real estate procedures, appraisals, surveys, title work, inspections, and contracts; collaborate with Real Estate Loan Processor and Closer.
• Maintain investor relationships regarding rate locks and investor-specific software; stay informed of program changes.
• Provide high level customer service and knowledge of mortgage industry standards and guidelines.
• Understand tax returns for self-employed borrowers and acceptable documentation per Secondary Market guidelines.
• Discuss member details regarding credit reports, debt ratios, and basic home ownership counseling.
• Maintain relationships with title companies, realtors, appraisers, and surveyors for referrals to Real Estate Department.

Skills

Mortgage industry experience

Customer service

Communication skills

Education

High school diploma

Job description

Description

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.