Mortgage Loan Officer Trainee

Job Description: Primary Function: Under the supervision of a Mortgage Assistant Sales Manager, this role is responsible for assisting Virginia Credit Union members in obtaining first mortgage loans including FHA, USDA-RD, VA, and VHDA. Develop and maintain business relationships with VACU business partners, builders and realtors. Obtain and maintain all pertinent documents for processing. Responsible for application from initial receipt through loan approval/closing and ensuring that the application is handled in a timely manner. Exemplify excellent member service. Length of Training Program The Mortgage Loan Officer Trainee training program is expected to last 12 to 18 months. After successfully completing the training program, the Mortgage Loan Officer Trainee shall be promoted to the role of a Mortgage Loan Officer. At this time your base pay will be reduced and earned commission will become a major part of your total salary. Job Duties and Responsibilities: Member Service/Mortgage Originations Assists the Senior Mortgage Loan Officer with interviewing members for first mortgage loans including purchase and refinance transactions. Perform the following tasks include the following: taking a complete loan application; production of an accurate Good Faith Estimate and Truth-in-Lending statement / Loan Estimate; proper set up of loan file in the loan origination system; issuing interest rate locks (upon client request); timeline and management of senior mortgage loan officers pipeline. Submit complete applications to processing and underwriting using computer technology. Assist members with understanding the homeownership process or other related mortgage products, including conventional and government lending programs. Present mortgage options that balance leverage and home affordability. Assists in obtaining information for timely processing of all mortgage loans. Verify supporting documentation including, but not limited to, employment history, deposit information and other documentation related to the application. Consistently communicates with members and REALTORS® with their application status, (approval, denial, additional documentation, etc.), and current interest rates. Promotes VACU mortgage products at branch locations, VACU finance seminars, and cross promotes other VACU financial services options such as consumer lending, investment services, property and casualty insurance, title and settlement services, and Virginia CU Realty. Facilitate homeownership programs and seminars. Exemplify excellent member service. Compliance Comply with Regulations B, X and Z regarding the completion of required disclosures including, but not limited to, the Good Faith Estimate, Truth in Lending, Potential Transfer of Servicing Form, and if required, the Adverse Action notice. Complete all required BSA and OFAC training. Report all suspicious activity to Security. Other duties may be required and assigned by the manager. Prerequisites for Position: Education: High School Graduate; College graduate preferred, but not required. Work Experience: Previous retail banking sales experience preferred. Experience in the real estate lending preferred. Experience in mortgage sales or processing preferred. Excellent knowledge of mortgage documentation s as well as federal, state, and local real estate regulations preferred. Prior experience building Dealer/Realtor relationships and marketing mortgage products preferred. Retail and Branch banking experience preferred. Desirable Traits: Excellent oral and written communication skills and organization skills required. Strong customer service and sales ability. Strong problem solving and organizational skills. Ability to analyze financial information. Must be a team player and willing to learn. Computer experience required. Comments: Overtime and/or Saturday hours may be required NMLS: Must be able to be actively registered with the Nationwide Mortgage Licensing System and Registry (NMLS). PHYSICAL REQUIREMENTS: This job requires the ability to sit for long periods of time. This job requires infrequent lifting or carrying of objects up to 10 pounds. We’re proud of the opportunities, training, benefits and work-life balance we provide to those who help people take their money further, and reach their goals sooner. We strive to provide a culture where employee development, teamwork, integrity, respect and quality of life are the cornerstones of delivering superior member experience. We thank our employees for making us a part of our community’s "Top Workplaces" and are always looking to add people to our team who share our passion for helping members build their finances and confidence. In return, we offer employees a challenging and rewarding work environment and are committed to maintaining an atmosphere that promotes teamwork and continual improvement. Virginia Credit Union is an Equal Opportunity Employer.