Temporary Mortgage Loan Originator (Approx. 120-Day Assignment)

Credit Union 1 is hiring a Temporary Mortgage Loan Originator to support the lending team during a high-volume period. This is a Full-Time (40hrs a week) temporary assignment that is expected to last approximately 120 days.

The Mortgage Loan Originator supports members throughout the real estate loan application process, from initial application through submission for credit decision. This roles is responsible for interviewing applicants, preparing required disclosures, and ensuring loan files meet Credit Union policies, regulatory requirements, and applicable investor and insurer guidelines. This position opens and tracks loan files, enters application data, pulls credit reports, requests verification, and monitors documentation to keep files moving froward. Regular communication with members, underwriters, processors, closers, and branch teams helps ensure loans are processed efficiently and accurately.

Success in this role requires strong organization, attention to detail, and ownership of assigned loan files through completion. If you enjoy supporting members, collaborating across teams, and contributing to a high-quality lending experience, we encourage you to apply!

This position is located on-site at our Abbott Headquarters (1941 Abbott Rd.).

Pay Range: $26.50 - $40.43

ESSENTIAL JOB FUNCTIONS:

80% Origination Functions

• Market mortgage loan programs to the real estate sales industry and promote the general business interests of the credit union. Develop and maintain loan referral relationships with professionals in real estate, accounting, legal, and financial planning fields.
• Answers member telephone and email inquiries regarding existing loans and general questions regarding loan programs and all other credit union products and services.
• Receives and logs new loan applications and performs initial organization of member loan files. Contacts the members to clarify the loan request and requests additional documentation or information from members as needed.
• Interview and prequalify buyers/applicants and originate investor and portfolio mortgage loans, second deeds of trust, raw land loans, and home equity loans.
• Accept applications and input them to the origination system, provide required estimates and disclosures, and gather required documentation and fees to process mortgage loans.
• Determines most suitable loan program for applicants and reviews the program with the applicant. Guides member and acts as a liaison between CU1, the member, and vendors through the entire loan process.
• Assist applicants in understanding the loan process.
• Works collaboratively with loan processor to ensure all loans are originated, disclosed and/or re-disclosed accurately and timely within all established regulatory compliance requirements and timeframes.
• Take final steps to ensure a smooth closing.
• Communicate with licensees, members, title companies, and inspectors as necessary.

20% Other duties as assigned

• The Mortgage Loan Originator is the team lead and as such drives the pace of their processor and loan process. This team works together to meet or exceed the credit union’s service level standards and deadlines.
• Greets members and coordinates meetings with appropriate department employees.
• Perform other duties as assigned.
• Maintain knowledge of current mortgage guidelines, investor and insurer requirements, and compliance requirements.
• Is responsible for ensuring annual registration requirements for the position are met.

QUALIFICATIONS I:

• High school graduate or equivalent, with a minimum of 1-2 years’ experience in a lending environment.
• Real estate lending knowledge preferred.
• Strong attention to detail and ability to perform analysis required.
• Strong selling and communications skills.
• Proven ability to sell to perform the job successfully, an individual must be organized, on task and proactive.
• Must have knowledge and understanding of conforming, nonconforming, government loans and be able to perform each essential duty satisfactorily.
• Must have the ability to read and comprehend legal documents, instructions, interpret documents such as credit bureau reports, debt to income ratio reports, policy and procedure manuals.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where a considerable amount of standardization exists.
• Must be licensed through the National Mortgage Licensing System, or obtain license within 90 days of hire.

MORTGAGE LOAN ORIGINATOR II:

Must meet all requirements of MLO I plus the following:

JOB FUNCTIONS:

• Assist with writing procedures.
• Assist with training.
• Assist with testing and projects.
• Assist with reporting.
• Network with Realtors and trade industry groups.

QUALIFICATIONS:

• Includes all qualifications of MLO I, with 2-3 years of experience in a lending environment, with at least one year of experience as a MLO.

SENIOR MORTGAGE LOAN ORIGINATOR:

Must meet all requirements, functions, and qualifications of MLO II plus the following:

JOB FUNCTIONS:

• Design process improvements and assist with implementation.
• Assist with GL clearing as needed.
• Collaborate with other departments as needed.

QUALIFICATIONS:

Includes all qualifications of MLO II, with 2-3 years of experience in a lending environment, with at least two years of experience as MLO.

Please note: Credit Union 1 does not provide relocation assistance. If selected for an on-site position, candidates will be responsible for relocating to Alaska prior to the agreed upon start date at their own expense. 

To be eligible for this position, applicants must be legally authorized to work in the United States without restriction.  Credit Union 1 does not provide visa sponsorship.

Only applicants who meet the minimum requirements for this position will be considered for an interview. This position is open until filled. 

Thank you for your interest in the opportunity with Credit Union 1!

Background Screening Statement: Candidates selected for a position at Credit Union 1 will be subject to a criminal background check prior to their employment. An offer of employment may be rejected or terminated based on receipt of an unacceptable background screening.  

EEO Statement: Credit Union 1 provides equal employment opportunities to all employees and applicants for employment, prohibiting discrimination and harassment of any type without regard to race, color, religion, sex, age, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identify or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

E-Verify Statement: Credit Union 1 participates in E-Verify and will provide the federal government with your form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, Credit Union 1 is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before Credit Union 1 can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer an completed the Form I-9. For more information on E-Verify, or if you believe that Credit Union 1 has violated its E-Verify responsibilities, please contact DHS at 888-897-7781 or dhs.gov/e-verify.com