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Mortgage Loan Originator

Eastman Credit Union
Full-time
On-site
Kingsport, Tennessee, United States

Job Description

Eastman Credit Union is seeking an experienced Mortgage Loan Originator. This position is for Inbound Mortgage Origination. Some of the benefits include:

Work/Life Balance - 40 hours per week (November – February)/ Minimal Overtime (March – October)
Non-Commission, Competitive Pay
Benefits Include: Medical, Dental, Vision, 401(k), Paid Vacation, Annual Bonus Plan, Tuition Reimbursement, and more!
Promotional Opportunities and Career Development
Possibility of Floating within Tri Cities Region

Mortgage Loan Originator Functions: 

  • Interview prospective borrowers, determine borrowers’ financial goals, and present appropriate ECU product options
  • Discuss loan pricing and lock options
  • Gather application data such as income, assets, sales contract, etc
  • Enter personal and financial information in loan origination system, and analyze applicant financial status to determine feasibility of granting loan.
  • Deny application or submit application to Processing
  • Review loan application and pertinent disclosures (loan estimate, closing disclosure, etc.) with applicants.
  • Compile loan package and discusses loan terms with applicant in accordance with ECU guidelines and policies.
  • Deliver loan package to Disclosure Desk in a timely manner (within 1 day of application)
  • Confer with underwriter/processing to aid in resolving mortgage underwriting compliance
  • Assist members with inquiries and information requests
  • Inform loan applicant of credit decision
  • Manages pipeline to insure timely loan processing and closing
  • Promote and cross-service other ECU products and services as appropriate to member needs
  • Continuing education – seminars and on-line training to stay abreast of changes in the mortgage lending industry 
  • Maintain working knowledge of mortgage regulatory compliance.  Including but not limited to:
    • Regulation Z –
      • High - Cost Mortgages
      • Higher Priced Mortgages
      • Periodic Statement Requirements
      • Adjustable-rate Disclosures and Requirements
      • Ability to Repay
      • Right of Rescission
    • Home Mortgage Disclosure Act (HMDA)
    • Regulation X
      • Timely Escrow Payments and Treatment of Escrow Balances
      • Error Resolution Procedures
      • Requests for Information
      • Force Placed Insurance
      • Homeownership Counseling
    • Regulation B – Equal Credit Opportunity Act
      • Adverse Action
      • Appraisal Delivery
    • Qualified Mortgages
    • TILA RESPA
    • Fair Credit Reporting Act/FACTA
    • Equal Credit Opportunity Act
    • Right to Financial Privacy Act
    • Flood Insurance Notification
  • Maintain expert knowledge of systems used in the mortgage process
    • ECU currently originates its mortgage loans in Ellie Mae’s Encompass system, also working knowledge of ValuTrac, OSI, Courthouse Retrieval, DU, Data Quick etc.
  • Maintain expert knowledge of ECU Mortgage products and services.
    • ECU offers a variety of loan products including: FNMA, VA, FHA and USDA products.
    • ECU also provides a wide variety of specialty products, First Time Home Buyer, Purchase Plus, Construction, Select, Home Equity/Home Equity Line of Credit and Choice Loans to name a few.
  • Team player.  Ability to work well with all areas within mortgage department and ECU.
  • Demonstrate exceptional attendance and punctuality practices.

Empathy, Reliability, Responsiveness, and Teamwork