Teachers Federal Credit Union is one of the nation’s leading credit unions, recognized for its commitment to guiding members towards financial stability. The Outside Mortgage Loan Officer is responsible for initiating the mortgage loan application process, evaluating creditworthiness, and developing business relationships to source new clients for mortgage products.
Responsibilities
- Develop and maintain business relationships with centers of influences in the assigned region or state such as real estate and attorney offices. Source new business by independently identifying potential clients that are in the market for a mortgage, and communicating the credit unions different mortgage programs, products and guidelines to these clients
- Evaluate and determine the creditworthiness of an application that is being submitted by a client for a mortgage. Manage and monitor the file from application to closing by collecting and verifying all documentation in relation to the application
- Be a key stakeholder in the entire mortgage process by working closely with the mortgage sales manager and processing team at the credit union by providing extraordinary service to both internal and external partners. Aligning his / her individual goals with the credit union’s goal by meeting and exceeding productivity, quality and member service standards; providing recommendations whenever necessary to improve the mortgage process
- Partner and work closely with the mortgage sales manager by executing on specific projects to drive profitability for the credit union in the mortgage channel
- Attend networking events on behalf of the credit union and business development teams to include breakfasts, lunches to grow and improve his / her networking and prospecting opportunities
- Comply with all aspects as rules and regulations such as BSA (Bank Secrecy Act), AML (Anti-Money Laundering), OFAC (Office of Foreign Asset Control) and RESPA (Real Estate Settlement Procedures Act) as it relates to the position
- Performs other duties upon request by immediate supervisor
Skills
- High School Diploma Required; Bachelor's degree (B.A.) from four-year College or University preferred
- 1 years mortgage origination or mortgage sales experience
- Must have passed SAFE/NYS NMLS and maintain licensing and complete all related annual continuing education
- Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry
- NMLS certification required
- Incumbent must possess a unique identifier number
- Incumbent must renew registration annually between November 1 and December 31st of each calendar year
- Any registration not renewed will become inactive
- It is also the incumbent's responsibility to update the registry when applicable such as name change, job or employment changes
Benefits
- This position is eligible for our annual discretionary bonus program.
- Paid time off for vacation, personal days, and holidays
- 401(k) company contribution
- Teachers pays 100% of Dental & Vision premium
- Tuition reimbursement is offered to full-time employees
- Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
Company Overview
Teachers Federal Credit Union is a company which develops finance related apps for iPhone It was founded in 1952, and is headquartered in Farmingville, New York, USA, with a workforce of 501-1000 employees. Its website is http://www.teachersfcu.org.
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