1st Mortgage Officer

At Blue, we discover pathways to realize your possibilities. Our 1st Mortgage Officer is responsible for originating investment quality mortgage loans, first and second mortgages, loan assumptions (FHA, VA, Conventional, non-conforming) as well as credit union portfolio in an assigned territory. Take actions to enable the credit union to improve the experience for the member by accepting applications, conducting preliminary underwriting reviews, submitting loan applications to processing and underwriting for approval. This position is responsible for spending 15% of their time conducting development activities away from the Credit Union, building external relationships as the cornerstone of generating new business, which consists of realtors, builders, professional and personal contacts. Loan officers are required to participate in business related development opportunities, attend/conduct home buying seminars, and other activities to encourage and promote home ownership. You will be highly engaged with prospects and members to counsel, interview, determine loan needs and advise these clients of the appropriate product terms and pricing to meet their priorities. The Mortgage Loan Officer (MLO) position is required to meet sales goals and objectives, regularly engage in making and soliciting loan sales and conducting sales related activities while supporting the needs of the credit union.

Major Duties and Responsibilities

• Responds to inquiries from prospective customers regarding all types of mortgage and construction loans, provides requested information regarding the organizations lending policies and procedures. Provides initial processing efforts by requesting employment and credit checks of applicants, and/or construction plans under consideration. Prepares, records and reports as requested regarding loan origination and/or closing activities.
• Receives and screens loan applications; submits appropriate documentation for necessary approvals, requests applicant credit and mortgage status, banking and personal references, notifies those applicants not qualified for further consideration.
• Cross-sells loan customers products including pre-authorized payment plan, hazard insurance, health, accident, and life insurance. Initiates referrals of customers to other banking products, including but not limited to, checking, savings, auto loan, secondary loans, and/or credit cards.
• Sources loan opportunities by creating an external network of contacts through home builders, realtor networks, professional and personal contacts. Attends, conducts, or partners with realtors, appraisers, title companies to provide home buying seminars to the public to develop goodwill for Blue and identify possible prospects for mortgages. Conducts the loan interview and secures the customer information necessary to initiate a loan transaction. Then provides loan information and service to customers, realtors, and others as needed.
• 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.

 

Knowledge and Skills

Experience

Experience with Federal Housing Authority (FHA), Veterans Affairs (VA), and Federal National Mortgage (Fannie Mae), construction loans, bridge loans, and reverse mortgage loans.

Education/Certifications/Licenses

A high school degree or equivalent. Incumbents are required to maintain their registration active and current with the National Multistate Licensing System (NMLS) registration under the S.A.F.E. Act of 2008 Must be able to pass background and credit checks to ensure you meet NMLS registration and Blue requirements. Unfortunately, not meeting or staying current may result in a rescinded offer or removal from the role.

Interpersonal Skills

A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.

Other Skills

Is responsible for a width of information including but not limited to: the organizations current mortgage loan interest rates, commitment/rate lock/relock fee procedures, consumer loan products/rates/guidelines that are used in conjunction with Mortgage Lending (Execulines, second mortgage products, swing loans, land loans, etc.).

FULL TIME POSITION

This is a commission-based role, so your total earnings will depend on your performance.

Starting Range: $18.27 - $23.07

ADA Requirements

Physical Requirements

Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 5 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment including CRTs, typewriters, telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

Working Conditions

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

Mental and/or Emotional Requirements

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete complex mathematical calculations and spell accurately. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.

For more information about being a Blue employee please check out these links for a glimpse at the culture and opportunities we strive to provide for our employees:   

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At Blue Federal Credit Union, we don’t just accept difference – we celebrate it!  We are committed to providing an inclusive and welcoming environment for all our staff and members. Blue FCU is proud to be an equal opportunity workplace. We will consider applicants for this position without regard to any category protected by applicable federal, state or local law, including but not limited to race, color, religion, sex (including pregnancy), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factors. All employment decisions are made based on qualifications, merit, and business need.