Navy Federal Credit Union - Winter Park, FL

posted 7 months ago

Full-time - Entry Level
Winter Park, FL
Credit Intermediation and Related Activities

About the position

The position involves interviewing and counseling members regarding first mortgage loans and taking mortgage loan applications. The role requires establishing and maintaining personal relationships with members, guiding them through the mortgage loan process from the initial application to the loan closing. This includes determining applicants' qualifications, providing detailed information about Navy Federal's mortgage and equity loan products, clarifying the complexities of the mortgage/equity loan process, and evaluating, personalizing, and recommending financing alternatives. Additionally, the position entails building and maintaining referral relationships with realtors, builders, and other centers of influence. The responsibilities include analyzing referred loans for areas of concern, advising members on approved loan conditions and documentation requirements, ensuring the inclusion of required mortgage processing information, and maintaining contact with members, realtors, and sellers throughout the loan process. The role also involves monitoring the mortgage loan process to ensure compliance with federal laws and Navy Federal's guidelines, remaining available to members and real estate agents during scheduled evening hours and weekends, and responding to inquiries about mortgage applications and processing status. Furthermore, the position requires seeking opportunities for outside marketing and promotional activities, taking first mortgage loan applications through various channels, resolving operational issues, and reviewing applications for completeness and accuracy. Overall, this position is crucial in providing exceptional service to members while ensuring adherence to regulatory requirements and internal policies. The ideal candidate will be passionate about helping military members and their families achieve their financial goals through effective mortgage solutions.

Responsibilities

  • Analyze referred loans for areas of concern and determine proper course of action (e.g. obtain explanations for derogatory credit)
  • Determine and advise members on approved loan conditions and documentation requirements
  • Ensure progress and inclusion of required mortgage processing information (e.g. verifications of employment, assets, income and liabilities; appraisal reports, Navy Federal and investor requirements, etc.)
  • Maintain contact with the member, Realtor and/or seller during the entire loan process
  • Monitor mortgage loan process and ensure compliance with Federal laws, as well as, Navy Federal, NCUA and secondary market practices, guidelines and regulations
  • Remain available to members and/or their real estate agents during scheduled evening hours after assigned work days and during scheduled hours on assigned days off (e.g. weekends)
  • Request and obtain documentation needed and forward to Mortgage Processor
  • Respond to inquiries about mortgage applications, processing status, problems and concerns
  • Seek and leverage opportunities to conduct outside marketing and promotional activities to members and potential members through financial presentations, local events and realtor/trade shows and events
  • Take first mortgage loan applications via face-to-face interview, mail and telephone
  • Resolve or arrange for resolution of operational/processing issues, inquiries and complaints
  • Review application for completeness, data integrity and accuracy; determine if additional information and/or supporting documentation is required

Requirements

  • Ability to work effectively and efficiently with automated systems
  • Familiarity with accounting, credit, and/or lending principles and techniques
  • Experience in member/customer service preferably in a related field/industry, such as realty, insurance, retail banking or financial institution
  • Exposure to lending application and approval process
  • Familiarity with mortgage lending concepts and principles
  • Familiarity with banking/financial industry standards and practices
  • Incumbent will be required, prior to the assumption of employment duties, to register with the Nationwide Mortgage Licensing System and Registry; includes fingerprinting and background checks
  • Effective database and presentation software skills
  • Effective skill performing mathematical calculations and working accurately with numbers
  • Effective skill in actively guiding members through interactions to reduce member effort and enhance member loyalty
  • Effective skill in comprehending, analyzing, applying and communicating complex written legal documents
  • Effective skill speaking and/or presenting in front of groups in a professional setting
  • Effective word processing and spreadsheet software skills

Nice-to-haves

  • Working knowledge of Navy Federal Mortgage Production and/or Servicing Systems
  • Working knowledge of mortgage/equity loan processing, closing and documentation requirements and regulations
  • Familiarity with mortgage lending requirements, regulations and procedures for VA and conventional loan programs

Benefits

  • Competitive salary based on experience and market position
  • Opportunities for professional development and career advancement
  • Diversity and inclusion initiatives
  • Comprehensive health insurance options
  • 401(k) retirement savings plan with company matching contributions
  • Paid time off and holidays
  • Employee discounts and benefits programs
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service