Navy Federal Credit Union
Mortgage Loan Officer I (Purchase Loan Officer)
Navy Federal Credit Union, Cleveland, Ohio, us, 44101
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Mortgage Loan Officer I (Purchase Loan Officer)
role at
Navy Federal Credit Union
Base pay range $24.00/hr - $30.00/hr
Overview To interview and counsel members about first mortgage loans and to take mortgage loan applications. To establish and maintain personal relationships with members, and to guide and follow their mortgage loans from initial application through the loan closing process. To determine applicants' qualifications; providing detailed information about Navy Federal's mortgage and equity loan products; clarify complexities of the mortgage/equity loan process; and evaluate, personalize, and recommend financing alternatives. To build and maintain referral relationships with realtors, builders, and other centers of influence.
Responsibilities
Analyze referred loans for areas of concern and determine proper course of action (e.g. obtain explanations for derogatory credit).
Determine and advise members on approved loan conditions and documentation requirements.
Ensure progress and inclusion of required mortgage processing information (e.g. verifications of employment, assets, income and liabilities; appraisal reports, Navy Federal and investor requirements, etc.).
Maintain contact with the member, Realtor and/or seller during the entire loan process.
Monitor mortgage loan process and ensure compliance with Federal laws, as well as Navy Federal, NCUA and secondary market practices, guidelines and regulations.
Remain available to members and/or their real estate agents during scheduled evening hours after assigned work days and during scheduled hours on assigned days off (e.g. weekends).
Request and obtain documentation needed and forward to Mortgage Processor.
Respond to inquiries about mortgage applications, processing status, problems and concerns.
Seek and leverage opportunities to conduct outside marketing and promotional activities to members and potential members through financial presentations, local events and realtor/trade shows and events.
Take first mortgage loan applications via face‑to‑face interview, mail and telephone.
Resolve or arrange for resolution of operational/processing issues, inquiries and complaints.
Respond to inquiries and resolve any issues concerning the processing of applications.
Review application for completeness, data integrity and accuracy; determine if additional information and/or supporting documentation is required.
Perform other duties as assigned.
Qualifications
Ability to work effectively and efficiently with automated systems.
Familiarity with accounting, credit, and/or lending principles and techniques.
Experience in member/customer service preferably in a related field/industry, such as realty, insurance, retail banking or financial institution.
Exposure to lending application and approval process.
Familiarity with mortgage lending concepts and principles.
Familiarity with banking/financial industry standards and practices.
Incumbent will be required to register with the Nationwide Mortgage Licensing System and Registry before assumption of employment duties; includes fingerprinting and background checks.
Effective database and presentation software skills.
Effective skill performing mathematical calculations and working accurately with numbers.
Effective skill in actively guiding members through interactions to reduce member effort and enhance member loyalty.
Effective skill in comprehending, analyzing, applying and communicating complex written legal documents.
Effective skill in speaking and/or presenting in front of groups in a professional setting.
Effective word processing and spreadsheet software skills.
Desired Qualifications
Working knowledge of Navy Federal Mortgage Production and/or Servicing Systems.
Working knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations.
Familiarity with mortgage lending requirements, regulations and procedures for VA and conventional loan programs.
Hours: Monday - Friday, 8:00 AM - 4:30 PM
Location: 1300 E. 9th Street, Ste 1815, Cleveland, OH 44114 | 5455 Rings Rd Dublin, OH 43017
Equal Employment Opportunity All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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Mortgage Loan Officer I (Purchase Loan Officer)
role at
Navy Federal Credit Union
Base pay range $24.00/hr - $30.00/hr
Overview To interview and counsel members about first mortgage loans and to take mortgage loan applications. To establish and maintain personal relationships with members, and to guide and follow their mortgage loans from initial application through the loan closing process. To determine applicants' qualifications; providing detailed information about Navy Federal's mortgage and equity loan products; clarify complexities of the mortgage/equity loan process; and evaluate, personalize, and recommend financing alternatives. To build and maintain referral relationships with realtors, builders, and other centers of influence.
Responsibilities
Analyze referred loans for areas of concern and determine proper course of action (e.g. obtain explanations for derogatory credit).
Determine and advise members on approved loan conditions and documentation requirements.
Ensure progress and inclusion of required mortgage processing information (e.g. verifications of employment, assets, income and liabilities; appraisal reports, Navy Federal and investor requirements, etc.).
Maintain contact with the member, Realtor and/or seller during the entire loan process.
Monitor mortgage loan process and ensure compliance with Federal laws, as well as Navy Federal, NCUA and secondary market practices, guidelines and regulations.
Remain available to members and/or their real estate agents during scheduled evening hours after assigned work days and during scheduled hours on assigned days off (e.g. weekends).
Request and obtain documentation needed and forward to Mortgage Processor.
Respond to inquiries about mortgage applications, processing status, problems and concerns.
Seek and leverage opportunities to conduct outside marketing and promotional activities to members and potential members through financial presentations, local events and realtor/trade shows and events.
Take first mortgage loan applications via face‑to‑face interview, mail and telephone.
Resolve or arrange for resolution of operational/processing issues, inquiries and complaints.
Respond to inquiries and resolve any issues concerning the processing of applications.
Review application for completeness, data integrity and accuracy; determine if additional information and/or supporting documentation is required.
Perform other duties as assigned.
Qualifications
Ability to work effectively and efficiently with automated systems.
Familiarity with accounting, credit, and/or lending principles and techniques.
Experience in member/customer service preferably in a related field/industry, such as realty, insurance, retail banking or financial institution.
Exposure to lending application and approval process.
Familiarity with mortgage lending concepts and principles.
Familiarity with banking/financial industry standards and practices.
Incumbent will be required to register with the Nationwide Mortgage Licensing System and Registry before assumption of employment duties; includes fingerprinting and background checks.
Effective database and presentation software skills.
Effective skill performing mathematical calculations and working accurately with numbers.
Effective skill in actively guiding members through interactions to reduce member effort and enhance member loyalty.
Effective skill in comprehending, analyzing, applying and communicating complex written legal documents.
Effective skill in speaking and/or presenting in front of groups in a professional setting.
Effective word processing and spreadsheet software skills.
Desired Qualifications
Working knowledge of Navy Federal Mortgage Production and/or Servicing Systems.
Working knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations.
Familiarity with mortgage lending requirements, regulations and procedures for VA and conventional loan programs.
Hours: Monday - Friday, 8:00 AM - 4:30 PM
Location: 1300 E. 9th Street, Ste 1815, Cleveland, OH 44114 | 5455 Rings Rd Dublin, OH 43017
Equal Employment Opportunity All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
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