Fall River, Massachusetts, United States · On-site
Mid level
Description POSITION TITLE: Outside Mortgage Loan Originator DEPARTMENT: Mortgage Lending POSITION FUNCTION This position requires a self-driven, ambitious individual who possesses a current book of business and has the …
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Full-time
high school, bachelor degree
Medical Coverage, Dental Coverage, Vision Coverage, Health Reimbursement Arrangement (HRA), 401(k) Plan, Employer Paid Pension
Posted 42d ago
~40 hrs/week
Responsibilities
Solicit new mortgage business by developing professional relationships with realtors, attorneys, and developers. Perform preliminary underwriting and counsel members on residential and investment mortgage applications.
Requirements
Requires previous mortgage lending experience with a portfolio and a valid NMLS registration or eligibility. A high school diploma is required, while a college degree is preferred, along with a valid driver's license.
Full job description
Description
POSITION TITLE: Outside Mortgage Loan Originator
DEPARTMENT: Mortgage Lending
POSITION FUNCTION
This position requires a self-driven, ambitious individual who possesses a current book of business and has the proven capability to form and maintain professional relationships within the community. A key responsibility is soliciting new business and expanding the business of current members by selling the Credit Unions mortgage financing capability. 90% of the work week will consist of being on the road, developing relationships with attorneys, brokers, developers, and realtors to generate new mortgage business.
Compensation:
$50K Base Salary with .50% points commission structure starting at the first dollar.
Expectation of 1 Million minimum per month.
Excellent Benefits:
Our comprehensive benefits package includes medical, dental, and vision coverage; a generous first dollar HRA, 401 (k) plan, employer paid pension, paid time off, federal holidays off, ability to earn bonus days, birthday off; employer-paid life and disability insurance with additional buy-up coverage options; tuition and continuing education reimbursement; and other voluntary benefits.
ESSENTIAL FUNCTIONS:
Interviews and counsels members regarding residential and investment mortgage applications to help determine their eligibility.
Inform members of various mortgage products as well as cross-selling other products offered by the credit union.
Keeps informed of the current trends and developments in the local real estate market as well as changing rules and regulations; communicates these changes to all appropriate team members in a timely fashion.
Establishing and maintaining a customer and referral basis by making calls and scheduling visits to potential realtors, investors, builders, and attorneys as assigned; and maintains detailed records for the same.
Attend community, realtor and industry events and organizational meetings to establish relationships with local businesses and individuals. Seek business opportunities for the Credit Union as they arise.
Performs preliminary underwriting of loans to determine DTI, credit and Loan-to Value rations in accordance with the FRMCU and the secondary market guidelines.
Ensures accuracy and completion of loan applications. Generate applications and necessary forms needed for the processor to proceed with processing the application. Provide all documentation to the mortgage processor in a timely manner so that the loan may close.
Maintains effective communication with all FRMCU employees to ensure coordination and exchange of information to achieve goals and provide a positive member experience.
Ensure all documents collected up front are accurate and adhere to policy, checking for conformity to regulations (federal, state and credit union).
Responsible for production goals set forth by management.
Perform other duties as assigned.
ADDITIONAL RESPONSIBILITIES
Maintains a required level of quality and quantity of work.
Assists in all areas of the department as needed.
Continues to acquire the necessary education to maintain knowledge of federal and state rules and regulations to ensure compliance.
Flexible schedule, including some weekends to meet the needs of members and generate new leads to increase production.
PHYSICAL DEMANDS:
Hand dexterity required to operate computer terminal and/or related equipment.
Eye coordination required to operate computer/teller terminal.
Sitting at desk or computer workstation for periods of time.
Travels to Credit Union facilities/locations as required.
Drives to and attends meetings as required.
Moves around credit union between levels or floors while performing duties.
Bending and stretching in work area.
Speaks and listens to members and explains credit union services.
Ability to lift up to 20 lbs. with or without assistance
Safe driving record
This position description covers the more prominent duties performed, and is not limited to other work duties that may be assigned.
Requirements
Previous mortgage lending experience with portfolio
Ability to communicate both orally and in writing to explain detailed lending concepts to a diverse customer base
Must have and maintain, or be eligible for NMLS registration
Working knowledge of a wide range of lending procedures and products
High school diploma or equivalent required, college degree preferred
Must have a valid driver’s license and good driving record
From the depths of despair during the great depression, the enterprising spirit of a handful of Fall River firemen gave birth to what is today the Fall River Municipal Credit Union. The beginning was humble to say the very least. It started with a Fall River firefighter, and a state-appointed finance board. The early heritage of service to its members characterizes Fall River Municipal Credit Union today. In the beginning, the folks who ran the credit union knew their members. There was a high level of trust and commitment to their members and things are very much the same today. A member’s value is based on their character and is always treated fairly. It was typical of the spirit demonstrated by the original founders and it is this spirit that continues to thrive today at FRMCU.
FRMCU Membership is available to anyone living or working in the counties of Bristol, Plymouth, Dukes, and Barnstable in Massachusetts and Kent, Providence, Bristol, and Newport Counties in Rhode Island.
Why Work at Fall River Municipal Credit Union?
The answer is easy. You will feel great about what you do for our members and the community. As a not-for-profit community partner, FRMCU returns profits directly to its members in the form of lower borrowing rates, lower fees, higher savings rates, and a wide range of products/services that continue to grow. We are extremely dedicated to the community we have been serving since 1930. FRMCU is an equal opportunity employer. Our employees enjoy a flexible time-off policy, competitive pay rates, health benefits, and more.
Offices: 333 Milliken Blvd, Fall River, MA 02702, US · 1110 Robeson St, Fall River, MA 02721, US · 58 South Main St, Assonet, MA 02702, US
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How much do Finance & Accounting jobs in Massachusetts pay?
Based on 3784 listings with disclosed salaries, most finance & accounting jobs in Massachusetts pay between $74k–$196k per year. Individual offers vary with seniority, company size, and specialization.
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