Real Estate/Mortgage Loan Officer

Real Estate/Mortgage Loan Officer - Kensington, MD

Position Description

Signal Financial is a progressive growing $370 Million Credit Union that is committed to building a new way of banking for our current and future members in the DC metropolitan area. Our vision and goal is to be a progressive multi-Billion dollar financial institution, by re-inventing the way we operate with our membership experience in mind. We will do this by being innovative, creative and nimble in offering distinctive products and services.

We are seeking a full time Real Estate Lending Loan Officer to join our team in our Kensington, MD office. This position is responsible for the development of referral business, leads and relationships with individuals, past clients, credit union SEGs and real estate professionals to generate new loan volume. The Loan Officer also ensures administrative and operational compliance with regulatory requirements and Signal Financial Federal Credit Union policies and procedures. This position is a 100% sales based commission Loan Officer and candidate must have the ability to travel within the DC metro area for member appointments and events.

Position Responsibilities
  • Generate loan applications for home purchase and refinances to meet or exceed SFFCU production goals.
  • Participate in community efforts and seminars to promote/educate members about various topics related to mortgage financing and homeownership
  • Develop and maintain successful relationships in order to generate business
  • Meet with prospective borrowers as necessary during various stages of the loan process
  • Provide complete loan application packages to the Real Estate Lending Operations Team
  • Ensure exceptional member experience by overseeing loan process from origination through closing while providing on-going communication and status updates to members, agents and business partners
  • Loan Application Process
  • Review / Analyze credit and financial data
  • Determine borrower financing objectives and goals
  • Discuss appropriate SFFCU products and programs and explain guidelines
  • Present pricing/lock terms to borrowers
  • Identify appropriate opportunities to offer additional credit union products
  • Collect supporting loan documentation as required and provide complete package to Loan Processor
  • Maintain current and thorough knowledge of lending programs, policies, procedures, Fannie Mae and Freddie Mac guidelines and regulatory compliance requirements
  • Interact closely with management, loan processors, underwriters and loan closers to achieve division goals in turn time, pull through, and member satisfaction.
  • Provide leadership through personal actions and day-to-day practices that support our core values.

    Position Requirements

  • A minimum of three to five years of mortgage industry experience with a focus on generating new business

  • High School diploma or equivalent college degree preferred
  • Skills
  • Must demonstrate an in-depth knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as credit union lending policies, procedures, and regulations
  • Must possess a thorough understanding of the requirements and features of the mortgage loan programs offered by SFFCU, other private investors, and the secondary mortgage market
  • Strong time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously
  • Excellent oral and written communication skills required
  • Strong loan math calculation skills including the use of automated spreadsheet development and basic analytics required
  • Analytical decision-making ability with attention to detail
  • Ability to learn and work in a fast-paced work environment
  • Ability to multitask and prioritize work as required

    Software, Equipment
  • PC proficient to include: Word, Excel, Outlook, internet and e-mail
  • Familiarity with mortgage loan origination systems and processing software.Symitar Episys preferred

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