Real Estate Loan Officer
- Employer
- CFE Federal Credit Union
- Location
- Lake Mary, Florida
- Salary
- Based of experience
- Posted
- Mar 17, 2017
- Closes
- May 12, 2017
- Industry
- Banking, Financial Services, Real Estate
- Category
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
- Career Level
- Experienced (Non-Manager)
SUMMARY:
Within authorized authority, and in accordance with sound underwriting practices as set out in policy and procedure, examines, evaluates, and authorizes or recommends approval of borrower's applications for first mortgages and home equity loans. The incumbent accomplishes the essential duties as follows:
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Works with completed loan application prepared by Member Service Representatives, member, or personally interviews applicant by phone and requests specified information for loan application. Information may be recorded in writing, or by computer where automated loan processing technology is available to the Loan Officer.
- Analyzes applicant financial status, credit, and available equity to determine feasibility of granting loan. Submits application to Loan Processor for verification of information provided.
- Corresponds with or interviews applicant or creditors to resolve questions regarding application information.
- Orders appraisal when it is rendered that the borrower has enough equity to proceed with a loan application.
- Ensures TIL and GFE are sent to member in accordance with RESPA Guidelines.
- Confers with department personnel to aid in resolving mortgage application problems.
- Analyzes potential lending opportunities involved in each lending situation to further assist the borrower as well as increase the credit union's lending portfolio.
- Cross sells borrowers on the benefits of utilizing other credit union services.
- Represent CFE at external events to create awareness about CFE home loan products.
EDUCATION and/or EXPERIENCE:
Associate's degree (A. A.) or equivalent from two‑year college or technical school; or three to five years related experience and/or training in real estate originations or equivalent combination of education and experience in a related field. Previous mortgage origination experience is required.
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