Mortgage Loan Originator III
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Job Location:
Austin, TX - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Mortgage Loan Originator III
Job Type: Full-Time- Hybrid
Exemption Type: Non- Exempt
Wage Amount: $66851 yearly Minimum
General Summary
The Mortgage Loan Originator III (MLO III) plays a pivotal role in advancing the credit unions residential lending strategy. This position focuses on delivering member-centric mortgage solutions aligned with strategic initiatives. The MLO III is responsible for originating high-quality mortgage loans fostering trusted member relationships and ensuring a seamless lending experience from application to closing. The ideal candidate possesses deep expertise in mortgage products and compliance a strong commitment to service and a collaborative addition to individual production the MLO III supports strategic efforts to grow mortgage penetration enhance member value and mentor lending staff.
Primary Responsibilities
1. Loan Origination
- Originate first mortgage loans (target mix: 80% first mortgages 20% home equity loans/lines).
- Collect review and analyze loan application data (credit reports income assets).
- Recommend customized mortgage solutions based on current rates and programs.
- Present loan terms in alignment with credit union policies.
- Submit complete and accurate loan applications and documentation.
- Collaborate with processing team to ensure efficient loan handling.
- Cross-sell credit union products to deepen member relationships.
- Serve as a subject matter expert and sales leader.
- Conduct group presentations to promote mortgage products.
2. Team Support
- Act as first point of contact for MLO team regarding member escalations.
- Resolve complex issues or escalate appropriately to leadership.
- Support training coaching and development of team members.
- Provide performance feedback to mortgage leadership.
3. Strategic & Miscellaneous Duties
- Recommend sales and marketing strategies to leadership.
- Build and maintain referral networks (realtors title companies builders).
- Stay current on mortgage laws and regulations to ensure compliance.
- Represent the credit union at external events and community initiatives.
- Complete annual compliance training.
- Participate in departmental projects and continuous improvement efforts.
- Assist leadership with special tasks and maintain confidentiality.
- Perform other duties as assigned.
Education & Experience
- High school diploma or GED required; Bachelors degree strongly preferred.
- Minimum 4 years of financial institution experience.
- Minimum 5 years of mortgage/home equity origination experience.
- Minimum 2 years of FHA/VA origination experience.
- Experience mentoring/training MLOs preferred.
Knowledge Skills & Abilities
- Advanced knowledge of mortgage products (Fannie Mae Freddie Mac FHA VA Home Equity).
- Strong understanding of compliance documentation and regulations (RESPA TILA TRID ECOA FACTA HMDA).
- Familiarity with mortgage lending practices insurance secondary market and systems.
- Excellent communication analytical and data entry skills.
- Strong attention to detail and ability to work independently or in teams.
- Dependable self-motivated and adaptable.
- Critical thinking and conflict resolution skills.
- Bilingual Spanish preferred.
Certifications & Registrations
- Must register with the Nationwide Mortgage Licensing System (NMLS) upon hire and maintain registration annually.
- Failure to register or maintain eligibility may result in disciplinary action including termination.
Desirable Traits
- Professional appearance and demeanor.
- Strong verbal communication and public engagement skills.
- Flexible schedule and dependable work ethic.
- Organizational and decision-making abilities.
- Versatility across credit union functions.
Cognitive & Physical Requirements
- Ability to work at least 40 hours per week.
- Frequent reaching bending stooping carrying and data entry.
- Heavy communication via phone email and in-person.
- Problem-solving skills for field-related issues.
Decisions Requiring Supervisory Approval
- Loan scenarios outside credit union/investor policies.
- Loan exceptions requiring special authority.
Key Skills
- Loan Origination
- Sales Experience
- Microsoft Office
- Financial Services
- Customer Service
- Organizational skills
- Communication skills
- Military Experience
- Fair Housing Regulations
- Inside Sales
- Outside Sales
- Word Processing
About Company
A+ Federal Credit Union is an Award-Winning Texas Credit Union. We’re banking on each other and building strong communities. Join today.
