Community Credit Union
Residential Loan Officer
Community Credit Union, Peabody, Massachusetts, us, 01960
Job Summary:
The Mortgage Loan Officer will initiate the mortgage process for potential borrowers, preparing, analyzing, and verifying mortgage loan applications for the purchase or refinance of real estate. Stays up-to-date on current market trends, regulations, and mortgage programs is essential. Strength in sales and customer service is important with excellent communication and time management skills. *Spanish Speaking Preferred
Duties/Responsibilities:
Meets with and interviews potential and current members to understand their lending needs including first-time mortgages and refinance of existing loans.Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on member specifications.Assists members with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.Reviews loan applications, gathers credit histories and reports, and assesses applicants' capacity to repay and default risk.Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.Performs other duties as assigned.Be the Ambassador of the Credit Union by attending networking and community events.Conduct outbound sales callsRequired Skills/Abilities:
Excellent interpersonal and customer service skills.Excellent organizational skills and attention to detail.Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of conventional loans.Proficient with Microsoft Office Suite or related software.Education and Experience:
Bachelor's degree in Finance or Business Administration preferred.At least three years of prior experience in lending or related field preferred.Equipment Used:
General Office Equipment. Software used: Word, Excel, Outlook, Calyx, DU, FiServ Cleartouch, other
Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer.Must be able to lift 15 pounds at times.
The Mortgage Loan Officer will initiate the mortgage process for potential borrowers, preparing, analyzing, and verifying mortgage loan applications for the purchase or refinance of real estate. Stays up-to-date on current market trends, regulations, and mortgage programs is essential. Strength in sales and customer service is important with excellent communication and time management skills. *Spanish Speaking Preferred
Duties/Responsibilities:
Meets with and interviews potential and current members to understand their lending needs including first-time mortgages and refinance of existing loans.Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on member specifications.Assists members with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.Reviews loan applications, gathers credit histories and reports, and assesses applicants' capacity to repay and default risk.Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.Performs other duties as assigned.Be the Ambassador of the Credit Union by attending networking and community events.Conduct outbound sales callsRequired Skills/Abilities:
Excellent interpersonal and customer service skills.Excellent organizational skills and attention to detail.Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of conventional loans.Proficient with Microsoft Office Suite or related software.Education and Experience:
Bachelor's degree in Finance or Business Administration preferred.At least three years of prior experience in lending or related field preferred.Equipment Used:
General Office Equipment. Software used: Word, Excel, Outlook, Calyx, DU, FiServ Cleartouch, other
Physical Requirements:
Prolonged periods of sitting at a desk and working on a computer.Must be able to lift 15 pounds at times.