Mortgage Loan Originator I - Phoenix

GENERAL SUMMARY:

A Mortgage Loan Originator I (MLO) provides professional financial services to the public exclusively related to financing the purchase of residential real property and the refinancing of existing mortgages secured by residential real property. MLO's are responsible for development and management of first mortgage product offerings at the branch as well as with existing and potential customer referral sources. MLO's work closely with the Marketing Department, Loan Department and Branch personnel to market first mortgage products in branch as well as at various networking events (luncheons, workshops, employment benefit fairs, etc.).

Salary range is $19.68 - $25.83/hour. Job Grade, PHX NE 9. Final salary is dependent on candidate's experience and qualifications.

QUALIFICATIONS:

Minimum Education & Experience Requirements:

• Associates Degree or equivalent
• Three (3) years financial institution experience




• To include one (1) year experience with FHA, VA or HELOC
  
  

Minimum Knowledge and Skill Requirements:

• Must possess a complete understanding of mortgage products
• Must have a working knowledge of credit reports, DTI, LTV, and CLTV ratios
• Consummate knowledge and application of all mortgage regulations
• Must be sales oriented, possess good interpersonal and communication skills
• Must have strong desire to succeed and work well with others
• Must have strong member service and sales skills
• Ability to take accurate and thorough loan applications with attention to detail
• Experience with Microsoft Office (Word, Excel, Power Point, etc.)

COMPETENCIES:

• Business Acumen
• Time Management
• Interpersonal Savvy
• Functional/Technical Skills
• Decision Quality

WORKING CONDITIONS/ENVIRONMENT:

This is a sales position that often involves working outside the office to represent the credit union at business development functions and community events; visiting the offices of customer referral sources; and meeting with loan applicants at a location convenient for them. No heavy lifting required. May require the employee to sit at a desk for extended periods of time.

OTHER REQUIREMENTS:

Must comply with all aspects of the Bank Secrecy Act and SAFE Act. Must be able to obtain license through the Nationwide Mortgage Licensing System & Registry (NMLS).

MAJOR ACCOUNTABILITIES AND TASKS:

Outside Marketing

1. Establish, develop and maintain referral network of real estate agents, builders, and other professionals who can provide on-going source of business referrals.
2. Make sales calls on potential or existing customers in order to develop new business and/or retain existing business.
3. Develop and manage first mortgage marketing plan for assigned branches, i. applicable.
4. Monitor sales reports to ensure that qualified leads and sales goals are met.
5. Participates in networking events and outside marketing opportunities.
6. Keeps informed of trends, competitors, changes and developments in the local real estate market to assist the management team with marketing ideas and plans to enhance First Mortgage product offerings.

Development/Performance/Support

7. Manages pipeline for all originated loans through closing to ensure that personal sales goals are met.

8 Maintains up to date working knowledge of rules, regulations and guidelines from FNMA, FHLMC, FHA, and VA in addition to other investors and agencies.

9. Communicates with branches, if applicable, applicants, and realtors, providing timely updates and status reports with high levels of customer service.

10. Completes thorough and accurate loan applications; analyzes and prequalifies applicant information to determine viability of the client's desired loan program based upon the applicant's present situation, future plans, and preferred loan product.

11. Assists team with obtaining conditions from member as needed to meet requirements of loan approval.

12. Performs other duties as assigned.

About Us:

At Vantage West, we pride ourselves on fostering a vibrant learning environment where curiosity and growth are at the heart of everything we do. Together, we are not just building a successful company; we are cultivating a community where everyone can thrive.

Benefits And Perks:

* Health Coverage - We offer medical, dental and vision coverage for you and your dependents. Other benefits include: life insurance, flexible spending accounts, pet insurance, Team Member Assistance Program (EAP), and Corporate Care Solutions (Backup Child and Adult Care Services).

* Paid Time Off and Holidays - Work-life balance is a focus with generous paid time off, with additional time given for sick days, paid holidays, and 16 hours of paid time to participate in our community volunteer program. We also offer enhanced paid military leave and paid maternity/paternity leave.

* Retirement Savings - Generous 401k Plan.

* Development Activities - We focus on continuous growth by encouraging Job Shadowing and Personal Development Plans, which leads to a 40+% annual internal promotion rate.

* Tuition Reimbursement - We have partnered with the University of Arizona Global Campus to offer eligible full-time employees 100% tuition coverage towards an online Bachelor's or Master's Degree.

Equal Opportunity Employer Veterans Disabled