Arizona State Credit Union has an exciting opportunity for a Home Loan Originator! The ideal candidate will have 2-4 years residential lending experience. This is the perfect position for a hardworking, motivated individual looking to succeed within this thriving organization!
Assists members with their mortgage needs. Works with assigned branches to assist members. Further responsible for developing outside mortgage loan business, working with realtors, builders, and other sources. Responsible for interviewing applicants for real estate loans and originating applications consistent with credit union policies and all applicable Real Estate-specific NCUA, federal, wholesale and secondary market real estate lending rules and regulations. Gathers background information and analyzes loan applicants' credit history. Requires the ability to liaison between multiple Real Estate Lending teams, branches and branch associates. members, and credit union departments.
ESSENTIAL DUTIES AND RESPONSIBILITIES
-Effectively works with branches in assigned market area to build relationships, assists branch associates in understanding real estate loan products and processes, and markets credit union real estate loan product line to members.
-Develops mortgage loan business through member seminars and calls on realtors, contractors, and other potential sources. Interviews applicants and requests specified information for loan application. handles mortgage loans of the highest complexity, value, or risk.
-Requests property appraisals, applicant credit reports, background checks, reference checks, and other information pertinent to loan applicant's evaluation.
-Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation.
-Corresponds with or interviews applicant or creditors to resolve questions regarding application information.
-Compiles loan package and facilitates negotiation with applicant according to establishment standards, such as fees, loan repayment options, and other credit terms.
-Required to accurately use multiple computer programs in completing work, including Prime Alliance, Mortgage Ware, MS Word, MS Excel, MS Windows, File Manager, HMDA Reporting, and other computer programs as required.
-Approves loan within specified limits or refers loan to loan committee for approval.
-Ensures loan agreements are complete and accurate according to policy.
-Assures timely loan closing and funding activities. Identifies and analyzes potential loan markets to develop prospects for residential real estate loans.
-Advises loan manager of external factors that may affect establishment lending policies, such as new or revised legislation and regulations.
-Promotes and cross-sells other establishment products and services as appropriate to member requirements.
-Provides loan data to support marketing and sales promotion programs.
QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience Bachelor's Degree preferred. Two to four years residential lending experience. Must have experience in using Prime Alliance, MortgageWare, File Manager and/or HMDA, as well as MS office suite. Thorough knowledge in loan origination and closing requirements for conventional, construction, and non-conforming portfolio loan programs.
Language Skills Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
Mathematical Skills Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
Computer Skills To perform this job successfully, an individual should have knowledge of Database software, Spreadsheet software and Word Processing software. Must be familiar with Prime Alliance, MortgageWare, File Manager and/or HMDA