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GreenState Credit Union · 4 hours ago

Vice President/Mortgage Loan Officer

Park Ridge, IL

Full-time

Onsite

Mid, Senior Level

$52K/yr - $52K/yr

5+ years exp

GreenState Credit Union is dedicated to creating lasting value for its members and communities. The Vice President/Mortgage Loan Officer will be responsible for advising members on mortgage loan options, building a business pipeline, and ensuring compliance with regulatory deadlines.

BankingFinanceFinancial Services

Responsibilities

Adheres to the Credit Union's core values and Service Standards in carrying out GreenState's mission and vision

Demonstrates a positive member service (internal and external) focus at all times, greeting members and guests with a smile and eye contact immediately upon their arrival, using their name or acknowledging them, and thanking them for their business

Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities

Ensures confidentiality of member information

Supports a diverse and inclusive work environment

Plays a vital role in enriching the community by participating in community service organizations and/or Credit Union sponsored events on an annual basis

Explains the mortgage loan application process and products to the membership. Services by phone or in person the need for answers to inquiries pertaining to mortgage rates, mortgage programs, payments, daily rates, points, etc

Conducts mortgage loan application interviews assisting applicants in the completion of application

Gathers all required applicant information, including collecting, analyzing and advising members on best options to assure proper processing

Reviews applications, exercises judgment and renders loan decision for pre-approval/denial

Works with Underwriters in meeting their guidelines and obtaining loan approval

Is responsible for ensuring that all necessary documentation is in the loan files, including regulatory compliance items

With this position, it is customary to make regular outside sales calls to both prospective members and referral sources. Building relationships with realtors, builders are others that interact with the financial industry is crucial to ensure the ability to hit specific production targets. This may include such things as office calls, lunches or evening receptions as a way to generate future loan prospects. Most of such calls will take place outside of the employee’s place of business many of which may extend outside normal work hours

Works with mortgage processing department when necessary to ensure final documentation is received by the investors in a timely manner

Assists to ensure that the various federal reporting documents are delivered in a timely manner, to include the borrowers 1098, sellers 1099, interest reported to the IRS, and the HMDA report

Assists in any necessary training and development needed within the GreenState Mortgage Loan department

Adheres to all state, federal and credit union regulations, policies and guidelines

Coaches, trains, and mentors Mortgage Loan Sales Associates

Qualification

Mortgage lending experienceRegulationsReal Estate proceduresNetworking skillsInterpersonal skillsAttention to detailNotary Public CommissionS.A.F.E. Act registrationComputer applications

Required

High school diploma or equivalent (i.e., GED.) with five years of previous mortgage experience

Knowledge of procedures, forms, secondary market guidelines and regulations as they relate to mortgage lending

Knowledge and procedures of Real Estate purchasing and refinancing

Ability, availability, and willingness to work flexible hours to accomplish workload. During periods of peak demand and at other times, job will require a non-traditional workweek with extra hours including evening and/or weekend duties

Ability and willingness to network in the community. This is essential to build potential member base as well as referral sources for future business

Ability to prioritize assignments and organize work efficiently, to handle large volumes of details

Interpersonal skills to represent the credit union in a positive way during member contact

Excellent figure aptitude

Accuracy and attention to detail required

Ability to operate related computer applications

Ability and desire to call on the Realtors and make sales marketing presentations

Ability to deal tactfully and efficiently with members and co-workers on a professional level

Must be bondable

Notary Public Commission, or ability to obtain a Notary Public Commission within the first 6 months (excluding Illinois)

Must be registered pursuant to requirements of the S.A.F.E. Act