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Levo Credit Union · 12 hours ago

Mortgage Loan Originator

Fargo, ND

Full-time

Onsite

Entry, Mid Level

2+ years exp

Levo Credit Union is seeking a Mortgage Loan Originator responsible for processing, closing, underwriting, and shipping all types of mortgage loans for members. The role involves interviewing applicants, recommending products, and ensuring compliance with underwriting requirements.

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Responsibilities

Interviews mortgage loan applicants and analyze the information received to recommend the correct product for the applicant

Submit the mortgage loan application to an automated underwriting system for approval

Document the loan file with accurate information and comply with all underwriting requirements as stated on the automated underwriting decision sheet

Prepares directions for the Loan processor pertaining to the information that will be required to perfect the mortgage loan sale to the secondary market

Communicates to the applicant, real estate agent, etc. the status of the mortgage application

Develops and promotes good public relations within the Real Estate community and with the member base of the Sioux Falls Federal Credit Union, etc

Reviews the completed file to assure that all mortgage processing functions are completed before and after closing for proper documentation and salability of the loan to the secondary market

Perfects the loan documentation for purchases for any loans which are suspended

Keeps updated and current on all mortgage products, procedures, and policies

Makes recommendations of needs for review or changes of policies and procedures relating to the mortgage lending process to the AVP Mortgage Services

Is knowledgeable about all products available at the Credit Union and actively cross sells products to qualified members

Assists the Marketing Department in the promotion and development of mortgage related products

Assists in the collection of payments for all in-house mortgages which the loan officer originates

Qualification

Mortgage Lending ExperienceAutomated Underwriting SoftwareFinancial Data AnalysisRegulatory Compliance KnowledgeMathematical SkillsComputer SkillsSales SkillsProblem Solving SkillsProfessionalismCommunication Skills

Required

Four-year degree in business or a related field or Two-Three years related mortgage lending experience and/or training or an equivalent combination of education and experience

Ability to read, analyze, and interpret financial data, general business information and periodicals, professional journals, technical procedures, or governmental regulations

Ability to write reports, business correspondence, and procedure manuals

Ability to effectively present information and respond to questions from managers, members, and the general public

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages

Must have well-developed math and problem solving skills

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

Ability to research data and make accurate decisions

To perform this job successfully, an individual should have knowledge of Internet, Spreadsheet, and Word Processing software

Should also have ability to type accurately and operate a 10-key adding machine and knowledge of automated underwriting software

The employee should have a thorough understanding of all policies, regulations and procedures for regulatory and investor agencies as they pertain to the mortgage lending industry such as but not limited to knowledge pertaining to FHA, VA, Conventional and Rural Development guidelines and regulatory compliance

The employee must have a high level of professionalism, good judgement and impartiality

They must display a courteous and helpful attitude toward members and co-workers and demonstrate the ability to develop and maintain positive relationships

They must possess effective verbal and written communications skills and be able to work in a fast-paced, production-oriented environment