Mortgage Originator

Teachers Federal Credit Union; Hauppauge (NY); On-site; USD 58,000 - 62,000; Full time

Benefits offered by this job

Paid time off

401(k)

Dental & Vision premium coverage

Tuition reimbursement

Loan discounts

Job summary

Teachers Federal Credit Union in Hauppauge, NY is seeking a Mortgage Loan Funding Assistant to prepare and finalize loan documents and guide members through the funding process.

The role requires a high school diploma (associate degree preferred) and at least two years of mortgage experience; NMLS certification is required and knowledge of SAFE Act compliance is essential. We offer a competitive benefits package and commission eligibility.

Qualifications

• H.S. Diploma required
• Associate's degree preferred
• Minimum two years mortgage experience and/or training required

Responsibilities

• Initiates mortgage loan application and prepares file for approval by interviewing members to determine the product that meets their needs
• Reviews documents, enters all pertinent information into the system
• Prepares good faith estimates of closing costs and monthly payments, computes income and loan-to-value ratio, reviews credit report, and coordinates with attorneys and appraisers
• Prepares adverse action letters for members and ensures proper signing; follows up on counter offers and routes to underwriter
• Conducts home equity loan closings, reviews documents for accuracy, and explains pertinent loan information to members
• Ensures all loan documents are executed and returned to the closing team promptly
• Processes pre-approved loans by reviewing relevant information and calculating monthly payments
• Responds to requests from attorneys for missing documents
• Verifies collection of appraisal fees and ensures proper debiting from member accounts
• Performs other duties as needed by supervisor

Skills

Mortgage experience

NMLS knowledge

Customer service

Education

H.S. Diploma

Associate's degree preferred

Job description

Brief Description

Join Our Team for over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America's Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation's leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.

Summary

Performs routine administrative tasks in support of mortgage loan funding. Prepares and finalizes documents and helps members with packaging and funding. Ensures accuracy in loan closing process.

Education And/or Experience

• H.S. Diploma required
• Associate's degree preferred
• Minimum two years mortgage experience and/or training required

Certification

Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry. NMLS certification required. Incumbent must possess a unique identifier number. Incumbent must renew registration annually between November 1 and December 31st of each calendar year. Any registration not renewed will become inactive. It is also the incumbent's responsibility to update the registry when applicable such as name change, job or employment changes.

Job Responsibilities

• Initiates the mortgage loan application and prepare the file for approval process by interviewing members to determine the mortgage product will meet their needs
• Reviews documents presented, entering all pertinent information into the computer system
• Prepares good faith estimates of closing costs and monthly payments, calculating the member's current income and loan-to-value ratio, pulling and reviewing a credit report for any potential problems and advising the member accordingly, forwarding documents to attorneys and appraisers, printing out all documents for signature by the member, and forwarding completed mortgage loan applications for further action
• Prepares adverse action letters to members denoting any reasons, ensure that adverse action letters are properly signed, contact members to ascertain if they are willing to accept a counter offer, update loan file accordingly, and sending the loan application back to the underwriter for further review
• Conducts home equity loans closings, review documentation for accuracy, and explain all pertinent loan information to members
• Ensures all loan documents are executed and return loan documents to the closing team in a timely manner
• Processes pre-approved loans for potential borrower by reviewing all relevant information, e.g. credit report, and preparing monthly payments
• Responds to requests from attorneys for missing documents
• Verifies the collection of fees for appraisal services if missed at the time of application by reviewing the member's account to ensure that fees have been debited
• Performs other duties as needed upon request from immediate supervisor

Benefits Of Joining The Teachers Team

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays
• 401(k) company contribution
• Teachers pays 100% of Dental & Vision premium
• Tuition reimbursement is offered to full-time employees
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $58,000 - $62,000 annually plus commission eligibility with unlimited earning potential. All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers