Mortgage Loan Specialist
Mortgage Loan Specialist
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Job Description
ARE WE THE COMPANY FOR YOU
Are you looking for a position that you can really enjoy Cornerstone Financial Credit Union is truly a positive and fun place to work! Our employees love working together as a team learning new things and helping others! We value our employees and provide excellent benefits and the opportunity to grow in a professional business environment. We are looking for a full time Mortgage Loan Specialist to join our growing team! This position is located at our Nashville location.
ABOUT CORNERSTONE FINANCIAL CREDIT UNION:
Cornerstone Financial Credit Union currently has six locations that serve over 40000 members. Founded in 1955 Cornerstone Financial Credit Union is guided by the philosophy of people helping people. At Cornerstone we not only offer the most competitive rates possible but also provide exceptional service with sound financial counseling. We are Not for profit Not for Charity but for Service.
PRIMARY FUNCTION:
Provides information to members regarding mortgage loan products takes mortgage loan applications in person by phone and by mail. Processes mortgage loan applications and prepares closing documents. Approves mortgage loans within loan officer authority. Works toward overall credit union goal of providing superior service to members.
DUTIES AND RESPONSIBILITIES:
- Provides members with information regarding credit union mortgage loan services in person by phone and mail. Evaluates each members needs and recommends the appropriate mortgage loan type.
- Takes members loan applications in person by phone and by mail. Responsible for obtaining complete information on all loan applications received and documentation needed to process the application.
- Assists in processing approved applications by preparing disclosures mortgage forms and closing documents. Orders appraisals and title work when required.
- Makes disbursements to members on existing equity line loans. Responsible for verifying availability of funds and eligibility of members i.e. proper identification before making disbursements. Completes proper documentation for each disbursement.
- Is familiar with and helps maintain a current manual of all CFCU mortgage loan policies and guidelines.
- Is knowledgeable of all laws and regulations regarding consumer lending particularly Reg B Reg Z RESPA (Real Estate Settlement Procedures Act) CFPB and HMDA (Home Mortgage Disclosure Act).
- Abides by signed written loan officer agreement. All applications are to be underwritten according to credit union loan policies.
- Must meet qualifications to be approved for the Nationwide Mortgage Licensing System.
- Accurately completes loan officer report for credit committee on weekly basis.
- Assists in preparing and maintaining all required reports for the mortgage loan function monthly reports and mortgage loan adjustments.
- Ability to learn inhouse underwriting standards of mortgage loans and home equity lines of credit.
- Conducts closings for home equity lines of credit.
- Assists with processing business loans including preparing business files documents and reports.
- Maintains familiarity with other credit union products and services and aggressively uses all opportunities to crosssell.
- Performs other duties as requested.
JOB SPECIFICATIONS:
Education
- High School diploma is required. A Bachelors Degree from an accredited institution is preferred. Strong work experience in mortgage and/or consumer lending may be substituted for the degree requirement.
Experience
- Prefer one years experience within a financial institution. Good computer skills and knowledge are required. Prior mortgage loan experience is preferred.
Physical mental and visual requirements
- The responsibilities of this position require the ability to move freely from one area of the building to another. Excellent visual audio and manual dexterity skills are needed as the work ranges from use of a personal computer printer calculator and typewriter to extensive use of the telephone. This position requires the ability to function in an environment of occasional high stress.
Personal qualifications
- Must have professional appearance pleasant personality and good communication skills. Must be very accurate and detail oriented. Strong initiative is needed. Must be able to function as a team player and cooperate with coworkers members and business associates.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
