Michigan First Credit Union - Grand Rapids, MI

posted 4 months ago

Full-time - Entry Level
Grand Rapids, MI
251-500 employees
Credit Intermediation and Related Activities

About the position

We are currently seeking a Mortgage Loan Officer to join our Michigan First Mortgage Office. The person in this position will report to the Loan Center Manager. Our Mortgage Loan Officers strive to make an impact on their client's lives by providing the most up-to-date mortgage information in order to help them meet their financial goals. This would involve increasing a client's mortgage loan portfolio by developing business contracts, attracting mortgage customers, completing the mortgage loan process, and closing. We are looking for outgoing, sales-oriented applicants with uncanny client service ability. Key responsibilities include advising and educating clients on the home-buying or refinance process and how to better manage their mortgage needs. The Mortgage Loan Officer will meet mortgage loan operational standards by contributing mortgage loan information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; and identifying mortgage loan system improvements. Additionally, the officer will assist in the preparation of credit information necessary to establish qualifying ranges, including factors such as the applicant's assets, credit experience, and income, based on predetermined standards. The role also involves keeping records on file of credit transactions, inquiries, pending loans, Loan Activity reports by representative, and Daily Loan Listings. Attracting new mortgage loan applications by developing relationships within the community, specifically with the real estate community, and making sales calls to prospective customers is essential. The Mortgage Loan Officer will complete mortgage loans by monitoring the collection, verification, and preparation of mortgage loan documentation, as well as scheduling and completing mortgage loan closings. Excellent interpersonal and persuasion skills are required, along with the ability to perform functions in an accurate and timely manner. Other duties may be assigned as needed. The officer will become an advocate of The Michigan First Way, supporting all facets of it, including complete fulfillment of Our Promise, 5 STARS Service, SOLVE IT, and our ISMs. Fostering a positive demeanor and image through professional representation in all contacts with both team members and members is crucial. Consistently reflecting and displaying each of our “ISMs” in daily job performance, as well as in all business interactions while executing on our goals and initiatives, is expected. Learning and utilizing EMEC (Every Member's Experience Counts) in day-to-day responsibilities when communicating with members is also part of the role.

Responsibilities

  • Advise and educate clients on the home-buying or refinance process and how to better manage their mortgage needs.
  • Meet mortgage loan operational standards by contributing mortgage loan information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying mortgage loan system improvements.
  • Assist in the preparation of credit information necessary to establish qualifying range, including such factors as applicant's assets, credit experience, and income, based on predetermined standards.
  • Keep record on file of credit transactions, inquiries, pending loans, Loan Activity report by representative, and Daily Loan Listing.
  • Attract new mortgage loan applications by developing relationships within the community, specifically with the real estate community; making sales calls to prospective customers.
  • Complete mortgage loans by monitoring collection, verification and preparation of mortgage loan documentation; scheduling and completing mortgage loan closing.
  • Perform other duties as assigned.
  • Become an advocate of The Michigan First Way, supporting all facets of it, including complete fulfillment of Our Promise, 5 STARS Service, SOLVE IT and our ISMs.
  • Foster a positive demeanor and image through professional representation in all contacts with both team members and members.

Requirements

  • High school diploma, BA degree in Finance, Accounting or Economics preferred.
  • Previous experience in financial software or sales is a plus.
  • Passion, great communication skills, self-motivation, positive and competitive attitude.
  • Detailed oriented.
  • Ability to effectively present information in one-on-one and small group situations.
  • Ability to operate standard office equipment, including proficiency with financial calculations and operational software desired.
  • Must have more skills than just telemarketing experience.
  • Organic lead generation and Social Media efficiency is essential to loan originators' long term prosperity.

Nice-to-haves

  • Experience in sales and lead generation.
  • Familiarity with financial software and telemarketing.

Benefits

  • Profit sharing
  • Disability insurance
  • Health insurance
  • Dental insurance
  • Tuition reimbursement
  • Vision insurance
  • 401(k) matching
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