Mortgage Loan Officer (152MLO)

Mecu Of Baltimore - Baltimore, MD

Full-time - Entry Level

Baltimore, MD

Credit Intermediation and Related Activities

About the position

MECU is a not-for-profit financial institution dedicated to enhancing the financial well-being of its members and the community. Established in 1936, MECU prides itself on providing high-quality financial products and services while ensuring an exceptional member experience. The Mortgage Loan Officer will play a crucial role in this mission by making sales calls and originating first mortgage loan requests from both new and existing members. This position is based at the Corporate Headquarters in Downtown Baltimore, where the incumbent will be required to report in-office initially, with the possibility of a hybrid schedule after 90 days of successful performance. The primary responsibilities of the Mortgage Loan Officer include interviewing and analyzing the credit history of applicants to assess their loan repayment capabilities. The officer will negotiate credit terms, including costs, repayment methods, and collateral specifications, all while adhering to Credit Union guidelines and compliance with state and federal laws. The role also involves directing and implementing business development activities, such as reaching out to members and realtors for loan prospects, and participating in the Credit Union's outreach initiatives. Local travel within Baltimore City and Baltimore County will be necessary to foster relationships with partners such as real estate brokers, realtors, and builders to generate mortgage loan business. In addition to these duties, the Mortgage Loan Officer is expected to develop relationships with Credit Union branches and manage a workload with competing deadlines and priorities. The ideal candidate will possess strong mathematical and analytical skills, excellent interpersonal communication abilities, and the capacity to work independently as well as part of a team. The role requires a detail-oriented approach to deliver accurate work in a fast-paced, member-focused environment. The Mortgage Loan Officer will also be responsible for building a book of business and proactively seeking ways to expand customer relationships, contributing to the overall success of the organization.

Responsibilities

• Make sales calls and originate first mortgage loan requests from new and existing members.
• Interview and analyze the credit history of applicants to determine their loan repayment capabilities.
• Negotiate credit terms, including costs, loan repayment methods, and collateral specifications within Credit Union guidelines.
• Ensure compliance with state and federal laws.
• Direct and implement business development activities, such as calling on members and realtors for loan prospects.
• Participate in the Credit Union's outreach activities.
• Manage workload and projects with competing deadlines and priorities.
• Work with partners such as real estate brokers, realtors, and builders to generate mortgage loan business.
• Develop relationships and visit Credit Union branches regularly.

Requirements

• Bachelor's degree in Finance preferred (equivalent job experience may be substituted).
• NMLS Licensing Required.
• Minimum of two (2) years' experience in Mortgage Loan Originations.
• Knowledge of Fannie Mae, Freddie Mac, FHA, and VA Guidelines and compliance requirements for loan programs.
• Extensive knowledge of mortgage processing fundamentals.
• Proven track record of outside sales.
• Ability to work effectively under specific time constraints.
• Demonstrated mathematical and analytical skills.
• Excellent interpersonal communication skills.
• Ability to write routine reports and correspondence.
• Ability to work independently and as part of a team.
• Detail-oriented with the ability to deliver accurate work.
• Knowledge of applicable laws/policies/principles.
• Analytical and problem-solving skills.
• Planning and organizational skills.
• Ability to build a book of business and proactively seek ways to develop and expand customer relationships.