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Mortgage Loan Consultant (Out of Market)- Denver, CO in Denver, CO at Nuvision Credit Union

Date Posted: 1/24/2018

Job Snapshot

Job Description

Great Commission Plan!!!

This position is responsible for providing a high level of member service in the origination of residential first and second mortgages via realtors, builders, referrals and existing book of business. Adds value to the organization by adding assets to the Credit Union’s portfolio and loans for sale in the secondary market. This role spends no less than 51% of time in the field away from Nuvision’s place of business (i.e., a Nuvision “place of business” includes the Mortgage Loan Officer's home office when telecommuting, branch office and corporate headquarters) and spends a minimum of 80% of the workweek in activities directly related to their own outside sales.

Responsibilities:

  • Originates real estate loans. Takes mortgage applications by phone, in person, online or as acceptable by borrowers. Meets monthly origination and closing goals. Develops external relationships with borrowers, realtors and other business partners. Actively solicits mortgage lending business. Knowledgeable of Fannie Mae, Freddie Mac, FHA and VA underwriting and private mortgage insurance guidelines. Makes loan product recommendations to borrowers, understanding various rate/point scenarios. Understands all aspects of mortgage loan origination, including product, underwriting, compliance and documentation requirements. Responds to borrower inquiries, provides consultative services to explain and compare various mortgage product options to assist in meeting borrower needs.
  • Initiates borrower rate lock requests to the secondary marketing representative. Determines timing of loan delivery to secondary market. Understands the correlation of loan sales to the organizations bottom line.
  • Originates, conducts and participates in mortgage related promotional events/activities and educational seminars.
  • Manages own mortgage loan pipeline; responsible for building the pipeline, working the loan until it closes ensuring that minimum production volume is consistently achieved.
  • Continuously collaborates with loan processors and underwriters throughout the loan process to obtain all requisite loan documentation and ensure an exceptional member/borrower experience as well as promote communication and teamwork.

Job Requirements

Qualifications:

  • Minimum two years of mortgage loan officer experience; one year experience in real estate is preferred.
  • Thorough knowledge of entire mortgage process from origination to end servicing.
  • Solid understanding of applicable rules, laws and regulations pertaining to financial institutions, specifically credit unions, including mortgage lending. Comprehensive knowledge of standard governmental regulations as they apply to real estate lending is preferred.
  • Excellent sales and counseling skills required. Strong communication and interpersonal skills essential for interacting with member and referral sources.
  • Active listener with demonstrated ability to generate needs based solutions.
  • High school diploma or GED plus college level coursework in related business classes is required. Bachelor’s degree in Business or related field is preferred.
  • NMLS Registration required.
  • Valid driver’s license in state of employment is required.

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