Mortgage Originator - Eastman Credit Union

Eastman Credit Union is seeking an experienced Mortgage 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

Bachelors Degree (B.A.) from four year college or university; or three to five years related experience and/or training; equivalent combination of education and experience.