Top Mortgage Credit Manager manages the loan application review process to determine loan eligibility and terms. Schedules and coordinates workload to ensure timely and accurate turnaround, and adequate staffing. Being a Top Mortgage Credit Manager provides loan options or product recommendations based on qualifications and stays informed on any new products, regulations, or product changes. Assists loan underwriters with complex or unique circumstances and trains the team on all regulatory guidance to ensure compliance. Additionally, Top Mortgage Credit Manager recommends improvements to the review process and general underwriting procedures to maximize efficiency. Requires a bachelor's degree. Typically reports to a director. The Top Mortgage Credit Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Top Mortgage Credit Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
General Summary:
The Originator proactively solicits new residential mortgage business and sells Community Credit Union mortgage products to meet established loan quality and origination/sales goals. Continually identifies, develops, and maintains a high-quality network of business relationships that serves as a source of recurring referrals for new mortgage loans. A Mortgage Loan Officer’s business relationship network may include realtors, professional and personal contacts, and any other reputable referral sources. This business relationship network is to continue to grow by the Mortgage Loan Officer’s active and regular participation in business development opportunities, professional organizations, chambers of commerce, and other community events focusing on home ownership and mortgage lending.
Responsibilities:
Develops and maintains successful relationships with business referral sources. Prospects new mortgage loan opportunities. Meets or communicates with members as necessary during various stages of the loan process. Provides complete loan applications to our Mortgage Center. Ensures exceptional customer experience by monitoring loan process from origination to closing and providing on-going communication to applicants. Achieves sales goals as established by Community Credit Union.
Activities:
Develops and grows the business referral network through marketing, cold-calling, prospecting and networking activities. Participates in community efforts to promote home ownership. Meets with prospective borrowers. Reviews credit and financial data. Determines borrower financing needs. Presents appropriate Community Credit Union products and programs and explains guidelines. Apprises of pricing and lock rate as required. Identifies opportunities to sell or cross-sell additional credit union products including checking accounts, personal loans, business checking accounts, etc. Collects supporting loan documentation as required and provides complete application package to the Mortgage Center Manager. Works with the Mortgage Center staff to ensure that loan docs are submitted within 5 business days. Work with Mortgage Center Manager and Underwriters to ensure that loan conditions are met and maintains on-going communication with members regarding loan status. Maintains current and thorough knowledge of all lending programs, policies, procedures and regulatory requirements. Performs all job functions in accordance with Community Credit Union’s policies and procedures.
Experience:
Education:
High School Diploma or equivalent. 4-year college degree preferred.
Physical Requirements:
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