Outside Mortgage Loan Officer

Overview

This position is responsible for converting self-sourced leads optioned from networking and referrals from centers of influence (COI). In addition to self-sourced referrals, this role will convert leads referred by other MCU lines of business. You will promote the credit union’s real estate and consumer lending products, services, and programs, interviewing members and prospects to obtain relevant information and evaluate financial status, credit history, debt-to-income ratio, and appraisal reports to determine and recommend an appropriate loan product.

Ensure compliance with MCU loan policy, and federal, state and NCUA rules, regulations and laws.

• Pre-qualify prospective borrowers, prepare preliminary Loan Estimate (LE), initial disclosures, amended disclosures and Rate Lock agreement in compliance with RESPA.
• Review the sales contract, income, assets and debt information to ensure applicants meet MCU’s minimum standard guidelines.
• Manage pipeline and issue prequalification certificates.
• Counsels members on the reasons for denial and advises how to improve their financial position and credit score.
• Work with branch personnel to promote lending referrals and be a subject matter expert.
• Understand and demonstrate expert knowledge of products and services offered at Municipal Credit Union.
• Leverage relationship-building skills to broaden the MCU membership and establish a network of realtors and attorneys that will provide referrals.
• Provide product education to membership through seminars and business development visits.
• Identify opportunities to offer additional products and services.
• Be the subject matter expert on policies and procedures.
• Recommend and develop efficiencies across the department.
• Participate in ongoing training and development approved by HR and Management.
• Adhere to all regulatory compliance training including BSA/AML/OFAC compliance.
• Perform other duties as required; travel is required.

• College degree preferred or equivalent work experience.
• Minimum 2 years of experience in real estate lending.
• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
• Technologically proficient.
• NMLS required.

• Excellent organizational, verbal and written communication skills.
• High achiever and self-starter.
• Team player with the ability to meet team and individual goals.
• Ability to prioritize work to achieve funding goals; able to excel in a high-stress environment and maintain above-average closing ratios.
• Commitment to exceptional member service and the ability to explain recommendations, products and services clearly.
• Ability to use technology effectively with applications such as MS Outlook, MS Excel, MS Word, Meridian Link.
• Actively participates in ongoing required loan and sales training and adapts to changes in the work environment.

Our core values guide who we hire and how we work. To be a great fit, you should align with these values:

• Results – We are passionate about winning.
• Agility – We anticipate, respond, and pivot to ensure MCU wins.
• Integrity – We operate with the highest ethical standards.
• Belonging – We cultivate a culture of inclusion and teamwork.
• Ownership – We take personal responsibility and hold ourselves accountable for results.

• Competitive compensation, medical and dental benefits, and a 401(k) with employer match.
• Flexible paid time off.

Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including knowledge, skills and abilities, as well as geographic location. Incentives and/or benefits packages may vary depending on the position.

Municipal Credit Union (MCU) is an Equal Opportunity Employer. MCU provides equal employment opportunities to all employees and applicants and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.

We are committed to hiring, training, cultivating, promoting, and celebrating an inclusive environment. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability empowers us to thrive as individuals, as teams, and as an organization.