Real Estate Loan Officer

TRUE SKY FEDERAL CREDIT UNION • Oklahoma City, OK

17h

About The Position

To assist members with their Real Estate/Mortgage lending needs: analyze loan requests and make credit decisions based on Real Estate/Mortgage lending policy. To solicit, negotiate and originate conforming and non-conforming mortgage loans in compliance with applicable secondary market and portfolio requirements, True Sky Credit Union's policies and procedures and State and Federal Regulations.

Requirements

• Three years to five years of similar or related experience.
• (1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
• Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.
• Knowledge of the secondary market and experience with first and second mortgage residential real estate lending.
• Must be able to type, use PC and general office equipment including 10-key calculator.
• Must be eligible to register with the Nationwide Mortgage Licensing System & Registry (NMLS) and must maintain registration with NMLS as a registered Mortgage Loan Originator, (MLO).
• Must be bi-lingual with the ability to speak, read, and write in Spanish and English fluently.

Responsibilities

• Review and evaluate information on mortgage loan documents to approve or reject loan application and/or request additional information to make a decision of approval or denial. Establishes terms and conditions of an approved loan and reviews with member. Prepare and deliver to applicants all documents and required disclosures according to product requested meeting timing requirements.
• Market mortgage products and services to realtors, builders, and general public to originate mortgage loan applications. Participate in community and loan development activities.
• Evaluates acceptability of loan in accordance with the statutes, rules, procedures, policies, regulations and guidelines of the State of Oklahoma, Federal Government, and the Credit Union (the “Rules”). The Credit Union shall also provide regulations, policies, procedures, and guidelines as are promulgated by various government and investor agencies, including but not limited to FNMA, FHLMC, FHA, VA, FHLB, USDA, OSBD, NCUA and various other investors.
• Cross sells other Credit Union products and services.
• Prepares loan file and delivers to processor for processing, underwriting and closing.
• Responsible for maintaining a current working knowledge of all requirements above,  will complete all annual training requirements, and will conduct himself/herself in  accordance with all the Rules including without limitation the SAFE ACT and CFPB Reg G (12 CFR 1007.1 et seq.) and the Real Estate Settlement Procedures Act and CFPB Reg X (12 CFR 1024.1 et seq.).
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree
• Number of Employees: 11-50 employees