Mortgage Loan Originator
Company: Amplify Credit Union
Posted on: February 15, 2019
Job Title Mortgage Loan Originator Job Type Full Time Category Lending Location Parmer - Austin, TX 78727 US (Primary) Schedule/s M-F 8-5/9-6 Job Description Seeking experienced Mortgage Loan Originators. Utilize your circles of influence to attract new clients by originating an array of loan products. WHY AMPLIFY? As an experienced MLO, you may ask, "Why should I consider working for a credit union? Everyone knows that they don't pay competitively, and they bury you under compliance requirements." Amplify is different. -- Credit unions are subject to the same level of compliance as any mortgage brokerage. -- Amplify provides an industry-competitive compensation package (producers can earn $150k and higher annually) that is enhanced by benefits like: 401(k) matching, fully-funded pension plan, profit sharing opportunity, on site massage services for purchase, concierge dry cleaning services, on-site workout room, discounted Gold's Gym memberships, ability to cash out accrued unused PTO (2x a year), and more. -- We have an established real estate lending division, headed by leaders who have worked in the mortgage industry. -- Our real estate lending division is centered in Austin - the vast majority of our real estate team members are located here, including our LO Assistant, processors, closers, and post closers. Two of our three underwriters are also located near Austin. That means you have face-to-face access to the majority of the people who are helping you get your loan through closing. -- Amplify focuses on the state of Texas, so if you can expand your circles of influence past Austin, we can support that. -- Amplify provides a Real Estate Loan Production Assistant who will help you get your loans through the pipeline so that you can focus on your next contact. -- Amplify uses Salesforce to help generate and track your leads and to assist you into turning them into opportunities that will lead to viable loan applications. -- Amplify's culture is service first, future focused, growth oriented, and quality driven. It's not just about getting the business done, it is how we get the business done that matters. -- Amplify has been in the Austin community since 1967. We are well managed, stable, and growing. The question isn't, "Why Amplify?" The real question is, "Why not?" THE ROLE The role of the Mortgage Loan Originator is to grow Amplify's customer base by utilizing circles of influence to attract new clients through the origination of quality real estate loan products. You will also be responsible for serving our existing client base when they have mortgage loan needs. You are the face of Amplify, and the primary relationship manager between borrowers and Amplify's real estate lending department. THE RESPONSIBILITIES Self-source leads to grow your book of business Follow through on branch and marketing generated leads Prequalify applicants based on an understanding of internal and secondary market loan requirements as compared to applicants' actual circumstances and documentation; recommend loan products that will best serve the applicant's needs and wants Field underwrite the real estate application and applicant documentation in order to set proper expectations with the applicant regarding the loan process Communicate requirements and expectations to both the applicant and support partners in a timely, thorough, and effective manner Foster collaboration between the borrower and all other areas of Real Estate Lending to move applications through the process in an efficient manner Monitor and ensure closing dates and company deadlines are met Monitor, negotiate and execute rate locks with members and update data in system of record as needed Maintain working knowledge of available mortgage products to accurately respond to member and external stakeholder questions and provide feedback to management regarding product innovation opportunities Job Requirements THE QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and/or Experience High school diploma or GED. Bachelor's degree in business or related field preferred. 3+ years of experience in Real Estate Loan Origination with proven history of growth in book of business based on utilizing circles of influence. FHA and VA origination experience a plus. Experience in proper loan pricing based on credit union rate determinations and understanding in the use of points or discounts is necessary. Certificates, Licenses, Registrations Must be bondable. Requires registration as a MLO with the Nationwide Mortgage Licensing System (NMLS) and Registry on an annual basis in addition to maintaining updates as needed. Initial registration is required immediately upon hire. Software & Equipment Requirements To perform this job successfully, an individual should have knowledge and be efficient with the use of a personal computer, Microsoft Office products, Credit Bureau Systems and financial calculators. Prior experience using Encompass and Salesforce CRM is preferred. Must have experience with Desktop Underwriter and/or Loan Prospector underwriting systems and packaging of conforming loan standards. Other Qualifications Must have: Excellent judgment skills to make quick decisions within written policy and standard operating procedures; Working knowledge of credit union's products and services, policies, and the Federal Credit Union Act including bylaws and regulations that apply to federally chartered credit unions; Ability to understand and make recommended changes to Standard Operating Procedures; Familiarity (or ability to quickly gain familiarity) with state and federal NCUA regulations, HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, and FHA rules and processes; and Knowledge of sales of mortgage loans into secondary market. Location This position is located in our offices at Parmer Lane and MoPac Expressway (Loop 1). Click here to view the location. Compensation Base plus monthly commission plan. Ability to generate total compensation of $150k+ annually. Benefits Amplify offers employees many benefits, including: medical/dental/vision insurance, flexible spending accounts for medical and dependent care, company-provided life and disability insurance, 401(k) plan with matching contributions, fully funded pension plan, profit sharing, paid time off, paid time off to volunteer in the community, paid holidays, discounted gym membership, tuition reimbursement, on site massage, on site workout facility, and a friendly, open work environment. To learn more about our benefits, click here. Team Member Testimonials Click here to read about some of your potential coworkers and why they enjoy working at Amplify. Want to learn more? Check out these videos:
Equal Employment Opportunity AMPLIFY is committed to providing equal employment opportunities (EEO) to all applicants without regard to race, color, religion, gender, genetics, sexual orientation, national origin, age, disability, or status as a covered veteran in accordance with applicable federal, state and local laws.
Keywords: Amplify Credit Union, Austin , Mortgage Loan Originator, Other , Austin, Texas
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