Mortgage Loan Officer

Company: Financial Resources Federal Credit Union Inc
Location: Bridgewater
Posted on: August 5, 2022

Job Description:

Job Description Financial Resources FCU has been designated one of the Best Places to Work in NJ for 2022! At FRFCU, we are "putting people first" and that starts with our employees! Come see why our team members have voted us for Best Places to Work in NJ! Financial Resources is a not-for-profit federal credit union with locations in Somerset, Hunterdon, Middlesex and Hudson Counties. With a history of serving our members for more than 100 years, we have grown to more than $550 million in assets serving more than 20,000 members with 6 public access branches and a team of 100 employees. We are available Nationwide!We offer all the products and services that you'd expect from a Mortgage Lender…but we're your Credit Union. Some of our products, aside from Conventional Loans, include 100% Financing options, Adjustable-Rate Mortgages, FHA and VA Loans and 1-4 Family Investments. We are looking for a Mortgage Loan Officer. The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells FRFCU's mortgage products to meet established loan quality and production goals. In this sales role, the MLO continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. We are looking for someone who exemplifies the following traits:

• Caring
• Initiative
• Ethics
• Job Knowledge
• Self-Development
• Teamwork
• Sales Goals
• Product Expertise
• Customer Service
• Results Driven Some of your essential duties will include, but are not limited to:Business Development
  • Calls on current SEG groups, Realtors, Builders and Developers to solicit mortgage loans
  • Maintain a business referral network through marketing, cold-calling, prospecting and networking activities.
  • Participate in community efforts to promote home ownership.
  • Executes Loan Application Process in full
  • Meet with prospective borrowers.
  • Review / Analyze credit and financial data.
  • Determine borrower financing objectives and goals.
  • Generates new ideas to facilitate productivity and enhance the member experience.
  • Present appropriate FRFCU products and programs and explain guidelines.
  • Documented residential mortgage loan volume in the past 12 months of $6 million (minimum)
  • Apprise of pricing and lock rate as required.
  • Identify appropriate opportunities to sell additional products.
  • Collect supporting loan documentation as required and provide complete package to Mortgage Loan Underwriter.
  • Experience with Encompass preferred.Loan Management
    • Work with Mortgage Loan Underwriter to ensure that loan docs are submitted to FRFCU promptly.
    • Work with Mortgage Loan Underwriter to ensure that loan conditions are met.
    • Provide on-going communication to customer and realtor / referral source regarding loan status.
    • Utilize Encompass to check for notes and conditions. Professional Development
      • Attend and complete all FRFCU required training.
      • Maintain current and thorough knowledge of all lending programs, policies, procedures and regulatory requirements What we offer to our team members:
        • A competitive salary and commission structure
        • Generous paid time off as well as all holidays off
        • Health, dental and vision plans for employees and their families
        • Health Savings and Flex Spending Accounts
        • Remote work environment
        • 401K with employer match and potential for additional profit-sharing contributions
        • Paid volunteer daysWe ask that you:
          • Have an established referral network in the NJ/NY/PA area
          • Have a High School Diploma or GED
          • At least 3 years of prior experience as a Mortgage Loan Officer or equivalent
          • Successfully demonstrates effective selling skills and behaviors
          • Have experience with Encompass loan origination system (preferred)If this sounds like the right opportunity for you, we would welcome the chance to speak with you.

Keywords: Financial Resources Federal Credit Union Inc, Trenton , Mortgage Loan Officer, Other , Bridgewater, New Jersey