Mortgage Loan Officer (External), Colorado Springs, CO

$55,000 - $55,000/Yr

Ent Credit Union - Colorado Springs, CO

Full-time - Entry Level

Colorado Springs, CO

Credit Intermediation and Related Activities

About the position

The Mortgage Loan Officer (External) at Ent Credit Union is responsible for assisting members and potential members in identifying and securing mortgage loans that align with their financial goals, particularly home ownership. This role involves responding to inquiries, analyzing financial information, and determining suitable mortgage products while also reviewing competing offers from other lenders. The position emphasizes external business development and networking to expand the credit union's reach in the community.

Responsibilities

• Work with external realtors and business development contacts to generate leads.
• Take mortgage applications and review initial findings and decisions.
• Analyze asset, income, and Desktop Underwriter (DU) required data independently.
• Collect data and appraisal fees from members.
• Engage in continuing education to stay updated on mortgage products and regulations.
• Refer members to other Ent departments as necessary.
• Adhere to policies and regulations pertaining to the Bank Secrecy Act.

Requirements

• High School Diploma/G.E.D. or equivalent.
• 1+ years of mortgage industry origination or sales experience.
• 5+ years of mortgage experience with 2+ years in mortgage sales origination.
• Detailed understanding of FNMA, CHFA, FHA, and VA products and underwriting requirements.
• Understanding of non-profit down payment programs available to members.
• Strong technical experience with PCs, Excel, database software, and web knowledge.
• Strong external sales and networking skills.
• Excellent communication skills.
• NMLS Registration in good standing.
• Driver's license with an acceptable driving record.

Nice-to-haves

• Experience in business development and networking within the mortgage industry.
• Knowledge of additional mortgage products and services.

Benefits

• Monthly performance-based incentives.
• Opportunities for continuing education and professional development.