Mortgage Loan Originator: Craft Trusted Home Financing

Red River Credit Union (RRCU); Greenville (TX); On-site; USD 60,000 - 85,000; Full time

Job summary

Red River Credit Union (RRCU) seeks a Mortgage Loan Originator in Texas to originate mortgage loan applications in line with FNMA, Freddie Mac, FHA, VA and USDA guidelines for Purchase, Refinance, and New Construction loans.

You will manage disclosures, collect income/assets, verify identity, and set up files in origination software while coordinating with Real Estate Loan Processor and Closer. Strong customer service and knowledge of underwriting standards are essential.

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.
• Ability to operate normal office equipment; some lifting, not to exceed 25 pounds.

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.

Skills

Communication skills

Professional presentation

Customer service

Team work

Education

High School diploma or equivalent

Tools

Computer skills

Job description

Red River Credit Union (RRCU) seeks a Mortgage Loan Originator in Texas to originate mortgage loan applications in line with FNMA, Freddie Mac, FHA, VA and USDA guidelines for Purchase, Refinance, and New Construction loans.

You will manage disclosures, collect income/assets, verify identity, and set up files in origination software while coordinating with Real Estate Loan Processor and Closer. Strong customer service and knowledge of underwriting standards are essential.