Mortgage Loan Originator

2 weeks ago


Alexandria, Virginia, United States Spectra Credit Union Full time
Mortgage Loan Officer Job Description

We are seeking a highly skilled Mortgage Loan Officer to join our team at Spectra Credit Union. As a Mortgage Loan Officer, you will be responsible for actively soliciting and originating first mortgages from external sources, while also facilitating and assisting applicants with the residential lending application process.

Key Responsibilities:

  • Originate first mortgage loans that meet qualifications under various Spectra CU investor loan programs and guidelines.
  • Establish and maintain business contacts that will generate potential new loan volume, including real estate brokers, realtors, and builders.
  • Counsel and recommend appropriate residential lending products based on the borrower's financial and personal data.
  • Determine and acquire support documents needed/required based on loan investor guidelines.
  • Correspond, communicate, and coordinate with applicants, in-house support staff, and outside service providers to facilitate timely closings.

Requirements:

  • A minimum of 2 years mortgage lending origination experience dealing with conforming residential mortgage loans underwritten to Fannie Mae, Freddie Mac, and other private investor guidelines.
  • Valid NMLS registration and knowledge of applicable lending regulations and compliance.
  • Excellent oral and written communication skills, with the ability to effectively present financially complex information and respond to questions from applicants, members, staff, and managers.

Working Conditions:

  • Must be able to routinely perform work indoors in a climate-controlled shared work area with minimal noise.
  • Must be able to work extended hours or travel off-site whenever required or requested by management.

Additional Requirements:

  • Must be able to perform job functions independently or with limited supervision and work effectively either on their own or as part of a team.
  • Must be able to read and carry out various written instructions and follow oral instructions.

Knowledge and Skills:

  • Knowledge of member services/loan policies and procedures; knowledge of basic mortgage servicing.
  • Knowledge of Fannie Mae guidelines.
  • Decision-making skills and problem-solving ability.

Physical Requirements:

  • Is able to bend, sit, and stand to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
  • Must be capable of climbing/descending stairs in an emergency.

Additional Information:

  • 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.

Language: English



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