Hsfcu Online
Mortgage Loan Origination Professional (External)
Hsfcu Online, Honolulu, Hawaii, United States, 96814
Mortgage Loan Origination Professional (External)
Job Description
Posted Monday, October 7, 2024 at 4:00 PM Position Summary Responsible for soliciting first and second mortgage applications from members and eligible non-members for purchase and refinance of residential 1-4 family properties, and for managing the process from application through loan closing. Qualifications/Experience At least four years of related experience in Mortgage Loan Origination. Thorough understanding of residential purchase process and various stages in the Hawaii standard real estate purchase contract. Complete knowledge of GSE, MCC, FHA, USDA, and VA underwriting, insuring, and documentation guidelines. Understanding of trust documentation, terminology, and allowable vesting to comply with GSE requirements. Understanding of origination and discount points, loan-level price adjustments, interest rate lock and extension processes and costs, and rebate versus discount pricing. Familiarity with the Settlement closing statement and the source of numbers that appear on this statement. Thorough understanding of various mortgage lending regulations, required disclosures, required timing of disclosures, and ramifications for non-compliance. General knowledge of real estate appraisal techniques and title issues. Thorough understanding of loan documentation, signature and notary requirements, and closing processes. Comfortable presenting/speaking to small to medium size SEG or real estate professional groups and at various events. Excellent financial analysis abilities. Solid communication and negotiation abilities. Strong public relations skills.
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Job Description
Posted Monday, October 7, 2024 at 4:00 PM Position Summary Responsible for soliciting first and second mortgage applications from members and eligible non-members for purchase and refinance of residential 1-4 family properties, and for managing the process from application through loan closing. Qualifications/Experience At least four years of related experience in Mortgage Loan Origination. Thorough understanding of residential purchase process and various stages in the Hawaii standard real estate purchase contract. Complete knowledge of GSE, MCC, FHA, USDA, and VA underwriting, insuring, and documentation guidelines. Understanding of trust documentation, terminology, and allowable vesting to comply with GSE requirements. Understanding of origination and discount points, loan-level price adjustments, interest rate lock and extension processes and costs, and rebate versus discount pricing. Familiarity with the Settlement closing statement and the source of numbers that appear on this statement. Thorough understanding of various mortgage lending regulations, required disclosures, required timing of disclosures, and ramifications for non-compliance. General knowledge of real estate appraisal techniques and title issues. Thorough understanding of loan documentation, signature and notary requirements, and closing processes. Comfortable presenting/speaking to small to medium size SEG or real estate professional groups and at various events. Excellent financial analysis abilities. Solid communication and negotiation abilities. Strong public relations skills.
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