Mortgage Loan Originator

Title: Mortgage Loan Originator

Reports to: Mortgage Sales Manager

Locations: Lakewood, Boulder, Longmont, Greeley, Denver, or Broomfield Colorado

Salary: 100% Commission

Summary/Objective:

Originates mortgage loans in an assigned territory; develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit business and conduct sales-related activities, in order to meet specific loan volume origination goals. Counsels customers, takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval using laptop technology. Remains front line contact with customers and realtors to ensure that documents required for processing, underwriting, and closing are secured in a timely manner.

Essential Functions include:

• Interviews and assists members.
• Inputs loan applications into online loan system.
• Monitors online queue of member originated loans.
• Reviews files for completeness and accuracy.
• Communicates with loan processor/closer regarding any outstanding items and/or additional documentation needed.
• Requests additional information.
• Communicates terms and conditions of an approved loan and reviews with member.
• Delivers Good Faith Estimate/ TIL disclosures within 72 hours of application date.
• Assists with processing and loan closing coordination with member.
• Cross-sells other credit union services.
• Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
• Adheres to all applicable Federal and State laws and regulations governing the Credit Union, including the Bank Secrecy Act (BSA).

Qualifications

• Equivalent to a two-year college degree or completion of a specialized course of study at a business or trade school
• Minimum of two years of current mortgage experience.
• 2+ years experience with conventional, FHA, VA, USDA and CHFA loans
• Minimum monthly production of $1.5M
• Have worked as an MLO within Colorado

Remote Work :

No