SUMMARY:

The purpose of the position is to evaluate and analyze the financial situation of current and prospective customers. Provide counseling and recommendations on appropriate mortgage product(s) that best suits the current needs of the customers.

RESPONSIBILITIES:

The Mortgage Loan Originator/Mortgage Banker must be able to multi-task and handle high volume of clients. Ability to work both independently as well as part of a team. Have strong communication skills and a high degree of tact, efficiency, accuracy, and confidentiality to provide a positive image for the Credit Union.

· Originate quality first mortgages saleable in the secondary market and/or Bank Portfolio.

• Meets with applicants to obtain information for loan applications and to answer questions about the process.

• Analyze applicants’ financial status, credit, and property evaluations to determine feasibility in granting loans.

• Explains to the customers the different types of mortgage products and credit options that are available, as well as the terms of the services.

• Obtains and compiles copies of loan applicants’ credit histories, and corporate financial statements (if applicable).

• Reviews loan agreements to ensure they are complete and accurate according to policy.

• Maintains current knowledge of credit regulations.

• Provide high level of customer service and build strong banking relationships.

• Develops internal and external referral sources.

• Generate and follow up on customer leads.

• Generate fee income consistent with assigned volume expectations.

• Ensures compliance to policy, regulations, and investor guidelines.

• Stays abreast of new types of loans and other financial services and products to better meet customers’ needs.