Mortgage Loan Officer – Commission with Draw

This is a fully remote position, open to applicants in Nevada.

📋 Description

• Self-sourced Mortgage Loan Originator responsible for originating, reviewing, and evaluating mortgage loan applications while providing recommendations.

• Advise members on suitable financial planning strategies and practices.

• Contribute to the growth of credit union membership by self-sourcing mortgage applicants through collaboration with referral partners such as Realtors, Builders, and other trade organizations.

• Conduct interviews and process mortgage loan requests via appointments, web applications, phone, and walk-ins.

• Assess creditworthiness of applicants.

• Analyze supporting documentation, including pay stubs, W-2s, tax returns, and asset documents.

• Utilize credit reports and other supporting documentation to ensure the accuracy of applications.

• Review purchase agreements, warranty deeds, real estate contracts, and other property-related documents supplied by borrowers or real estate professionals.

• Accurately disclose loan applications in a timely manner while remaining compliant with all State and Federal Regulations.

• Provide well-documented reasoning for the approval or denial of loan applications in Loan notes and with supporting documentation.

• Deliver an exceptional member experience by actively listening to and assessing the needs of both members and non-members.

• Clarify the features and benefits of specific products and services.

• Propose targeted solutions that address the needs of members.

• Educate and guide members on financial planning, creditworthiness, underwriting guidelines, interest rates, and available products.

• Supply ample information to enable members to make informed decisions regarding products and rates.

• Aim to surpass the Credit Union’s service and sales goals through the cultivation and maintenance of member relationships.

• Cross-sell consumer and commercial products to members when suitable.

• Build external relationships with realtors and builders.

• Participate in mortgage seminars, Realtor on Duty events, CU Realty functions, and other requested gatherings.

• Follow up with attendees to foster additional relationships and secure loans.

• Meet or exceed annual department origination targets established by Management.

• Complete all necessary steps for annual registration and renewal with the Nationwide Mortgage Licensing System and Registry (NMLS).

• Ensure that all personal data remains current with NMLS.

• Complete SAFE Act training as mandated by the Credit Union.

• Attend schools, seminars, and other training opportunities to further develop and enhance product knowledge.

• Perform additional duties as assigned by management.

⛳️ Requirements

• A minimum of three years' experience in originating mortgage loans.

• High School Diploma or GED equivalent required.

• Comprehensive understanding of mortgage lending fundamentals and regulations.

• Strong knowledge of various mortgage products.

• Exceptional interpersonal skills.

• Strong verbal and written communication abilities.

• Capacity to convey lending-related topics clearly and concisely to others.

• Excellent organizational skills and meticulous attention to detail.

• Proficient in Microsoft Office applications.

• Familiarity and comfort with information technology, especially digital communication methods.

• Strong organizational capabilities in managing multiple initiatives.

• Robust analytical and problem-solving skills.

• Ability to work independently as well as part of a team.

• Capability to meet and maintain requirements for the SAFE ACT.

• Current registration with the Nationwide Mortgage Licensing System (NMLS) or the ability to become registered upon employment.

🏝️ Benefits

• Comprehensive benefits package.

• Opportunities for professional development and training.

• Supportive and collaborative work environment.