Mortgage Loan Originator Detail page

Veridian Credit Union; Des Moines (IA); Hybrid; USD 55,000 - 90,000; Full time

Job summary

Veridian Credit Union is seeking a Mortgage Loan Originator to advise members on loan options, gather complete applications, and provide initial disclosures. You will cross-sell Veridian products and develop relationships with realtors and referral sources to generate mortgage business.

Responsibilities include calculating income, reviewing credit, coordinating with processing, and communicating updates from application to closing.

Qualifications

• High school diploma or equivalent required.
• Licensed NMLS ID; issued by state authorities.
• Experience with mortgage loan origination and disclosures.
• Strong communication and customer service skills.

Responsibilities

• Consult members on mortgage products and loan programs.
• Complete loan applications and initial disclosures.
• Coordinate with processing/underwriting and realtors/referral sources.
• Provide updates on appraisals, conditions, and closing timelines.

Skills

Communication

Sales

Customer Service

Mortgage Knowledge

MS Office

Education

High School Diploma

NMLS ID required

Tools

Outlook

Word

Excel

Job description

Cedar Rapids
Des Moines Metro
Omaha Metro
Waterloo or Cedar Falls

The primary responsibilities of the Mortgage Loan Originator include consulting members on products, taking complete applications, providing initial disclosures, and cross-selling Veridian products. The Mortgage Loan Originator is responsible for producing mortgage loans through relationships with realtors and other referral sources.

Essential Functions

• Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations.
• Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines.
• Interview members applying for mortgage loans and assist them with selecting the appropriate loan program.
• Issue prequalification or preapproval letters on pre-purchases.
• Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members.
• Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system.
• Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis.
• Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process.
• Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments.
• Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
• Provide members with updated disclosures when required and document applicable change in circumstance.
• Communicate regularly with members on their mortgage loan, including updates on appraised values, outstanding conditions or stipulations, timing of closing, etc.
• Cultivate and maintain relationships with realtors by communicating updates on loans in progress and attending real estate-related functions.
• Actively sell products and services offered by the credit union including deposit products, insurance, consumer loans, and investments, to help the member meet their financial goals.
• Communicate final loan numbers from the settlement statement with members prior to closing to inform the member of final figures and amount to bring to closing.
• Work with members to resolve questions/concerns after loan closing.
• Ability, availability, and willingness to work additional hours to accommodate loan volume during periods of peak demand.

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job:

Mortgage Loan Originator

Posted about 9 days ago

Cedar Rapids
Des Moines Metro
Omaha Metro
Waterloo or Cedar Falls

Full-Time

Summary

The primary responsibilities of the Mortgage Loan Originator include consulting members on products, taking complete applications, providing initial disclosures, and cross-selling Veridian products. The Mortgage Loan Originator is responsible for producing mortgage loans through relationships with realtors and other referral sources.

Essential Functions

• Knowledgeable of and adheres to Mortgage Loan origination process including relevant laws and regulations.
• Knowledgeable of Veridian policies and procedures by loan program, mortgage insurance and investor guidelines.
• Interview members applying for mortgage loans and assist them with selecting the appropriate loan program.
• Issue prequalification or preapproval letters on pre-purchases.
• Complete the loan application and communicate all initial disclosures to the applicant. Clearly explain disclosures, rates, fees and expected timeline to members.
• Obtain credit report, income, asset, and other necessary documents to pass a complete loan file to processing/underwriting. Scan and upload these documents to Veridian’s loan origination system.
• Calculate monthly income and resulting debt to income ratio, including completion of self-employed borrower income analysis.
• Recommend loans for approval by forwarding to processing/underwriting, or complete the adverse action/turn-down process.
• Obtain rate locks or pricing commitments with investors. Monitor loan pricing and update pricing/fees when necessary to extend rate locks or based on changes to loan level pricing adjustments.
• Obtain mortgage insurance premium quotes based on loan parameters to accurately disclose this expense to members
• Provide members with updated disclosures when required and document applicable change in circumstance.
• Communicate regularly with members on their mortgage loan, including updates on appraised values, outstanding conditions or stipulations, timing of closing, etc.
• Cultivate and maintain relationships with realtors by communicating updates on loans in progress and attending real estate-related functions.
• Actively sell products and services offered by the credit union including deposit products, insurance, consumer loans, and investments, to help the member meet their financial goals.
• Communicate final loan numbers from the settlement statement with members prior to closing to inform the member of final figures and amount to bring to closing.
• Work with members to resolve questions/concerns after loan closing.
• Ability, availability, and willingness to work additional hours to accommodate loan volume during periods of peak demand.

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Physical Demands

• Occasionally lift and/or move items over 10 pounds.
• Remain sedentary (seated) for extended periods of time.

Working Conditions

This job operates in a professional office environment and routinely uses standard office equipment.

Travel

Extensive travel; valid driver’s license required.

Required Education And Experience

• High School Diploma.
• 4+ years of lending experience with proven sales success and top producer results.
• Proficiency in Microsoft Outlook, Word, and Excel.
• Nationwide Mortgage Licensing System ID number.

Preferred Education And Experience

• First mortgage origination experience.

Other Duties

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.

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

About Veridian Credit Union

Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative dedicated to partnering with members to create successful financial futures. Veridian offers a competitive salary, benefit and incentive package that includes medical, dental and vision insurance; group term life insurance, 401(k) and profit-sharing plans; and a yearly incentive program. Employees enjoy a supportive work environment where diversity is valued.

Veridian Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.

"The best thing about working at Veridian Credit Union is definitely the people! Our staff is an exceptional group of individuals who make every person’s experience here top notch!"

- Lisa, Credit Consultant II 25+ years with Veridian

"The diversity culture we have which allows us to help each of our member in their own language. Also, the involvement we have every year with the community. i.e Jingle in the Junction, Latino Festival, Irish Festival, Kids Festival, and many others."

- Josue, Loan Advisor II9+ years with Veridian