What are the responsibilities and job description for the Mortgage Loan Officer position at Cyprus Credit Union?
We are hiring a Mortgage Loan Officer. Are you passionate about building a career in the mortgage industry? Do you have a strong work ethic and embody what credit unions stand for? Are you interested in starting a career with an exciting and respected financial institution that offers opportunities for comradery, professional growth, and advancement? If so, please read on!
The future of Cyprus Credit Union is only as bright as our team. We employ a team of like-minded banking professionals. In order to attract and retain quality talent, we offer competitive pay, and comprehensive benefits, provide opportunities for employee advancement, share resources for career development, and encourage a work-hard/play-hard lifestyle. Additionally, we value diversity, volunteering for our communities and taking steps to do our part in reducing our carbon footprint.
As a Mortgage Loan Officer, you will earn a competitive pay depending on your experience and qualifications with the opportunity for bonuses and incentives. Pay increase for English/Spanish speaking. We also offer both our part-time and full-time member services employees the following comprehensive benefits:
- Health, dental, life, and vison insurance plans
- 401k and retirement savings plan
- 12 paid holidays
- Paid day off for your birthday
- PTO that will start accumulating on day one
- Earn additional PTO when you volunteer in the community
- Competitive tuition reimbursement
Due to our "Most loved" atmosphere, Cyprus Credit Union was named one of the BEST credit unions to work for in 2020 and 2021!
Here at Cyprus we value the success and rewards that come as we learn and grow together! Through our "career pathing "programs we offer continuous trainings that can provide you with opportunities in advancement. If this sounds like something you have been waiting for, don't hesitate apply now to start your future with Cyprus!
A DAY IN THE LIFE OF A MORTGAGE LOAN OFFICER
As our Mortgage Loan Officer, you service the Salt Lake City market with our mortgage lending offerings. You are much more than a number cruncher. Your first responsibility is to create relationships based on trust. As customers share their personal financial histories and goals with you, they place their trust in you. You see them as people, not just credit scores. You also establish professional relationships with realtors, members, and building professionals. Through networking and customer service, you build a reputation as "the go-to loan officer" for families in our community.
You discuss loan alternatives, credit criteria, interest rates, and loan documentation in a way that borrowers understand and feel positive about. To those that don't qualify, you come from the point-of-view that it is not "no," but rather, "not yet." You make sure that they know exactly what they need to do in order to achieve their goals. Keeping management informed of area activities and of any significant problems, you also cross-sell other credit union services. You stay abreast of loan products and trends as they relate to our market and customer base in order to maintain a sound loan portfolio.
For processing loans, you gather documents and review them to ensure that files are complete, accurate, and in compliance. You also work to resolve issues determined by the underwriting team and submit files for final approval. You then assemble documents for delivery to the title company, real estate broker, or lending officer for the closing. Under the direction of the Mortgage Sales Manager, you also assist in the training, coaching, and mentoring of existing and new mortgage sales staff. When each loan closes successfully, you have a wonderful feeling of accomplishment!
QUALIFICATIONS FOR A MORTGAGE LOAN OFFICER
- Bachelor's degree OR an equivalent amount of education and mortgage experience
- Have and maintain an NMLS ID number (S.A.F.E Act registration)
- Understanding of how to establish creditworthiness
- Knowledge of credit union loan policies, products, procedures, processing, and underwriting guidelines
- Familiarity with title reports, insurance, and appraisals
- Ability to operate related computer applications, calculators, and other basic business equipment
- Ability to generate leads from the community
Two years of loan origination experience in a credit union or banking environment and documentation of your number of retail residential mortgage fundings in the past 12 months is preferred but multiple factors will be taken into consideration. Additional coursework in business or related field would be a plus! Do you have excellent communication and public relations abilities? Are you organized, detailed-oriented, efficient, good at prioritizing, consistent about double-checking for accuracy, and conscientious about following through on tasks? Do you have strong interviewing skills? Are you analytical and able to exercise sound judgment? Do you thrive in a fast-paced environment? If so, then you might just be perfect for this Mortgage Loan Officer position!
READY TO JOIN OUR EXCEPTIONAL LENDING TEAM?
If you feel that you would be right for this lending position, please fill out our initial 3-minute, mobile-friendly application. We look forward to meeting you!
