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External Mortgage Originator

Pawtucket Credit Union (PCU) has the following employment opportunities:
Title: External Mortgage Originator - Southeast Massachusetts
Job Category: Full-Time
Description: Cultivate existing and develop, maintain and follow up on new sources of mortgage loan business.
Duties:
1. Responsible for mortgage loan business development and relationship management with current and potential members, as well as, real estate brokers, builders, associated trade organizations and community groups. Represent the Credit Union in industry and professional associations, community organizations, local business groups, etc., and promote the Credit Union's products and favorable image.
2. Conduct loan interviews to formalize specific loan requests resulting from outside sales efforts. Explain policies, products, offer suggestions. Ensure application is complete and all information is entered according to the required format. Provide required federal disclosure to applicants; collect fees due at application. Effectively present information and respond to questions from managers, clients, members, and the general public in face-to-face and telephone contact.
3. Ability to solve practical problems with a variety of concrete variables in situations where only limited standardization exists.
4. Initiate preliminary processing of completed application, in preparation for underwriting process. Prepare requests for verification of employment, credit, deposits and rental history; initiate credit investigation process.
5. Complete preliminary analysis and evaluation of loan request according to applicable underwriting guidelines in effect. Compute preliminary expense-to income ratios, evaluate credit information, and make preliminary recommendation to underwriting.
6. Provide follow-up support to underwriting and/or processing. Contact applicant, broker and other sources to obtain additional information, clarification, and/or documentation needed to facilitate final underwriting decision.
7. Answer in-person and telephone inquires from prospective applicants and brokers concerning product availability, lending policies and rates. Provide advice and schedule appointments for interviews.
8. Participate in closing when necessary.
9. As required, train new outside originators in business development techniques so as to ensure consistency and continuity in these efforts.
10. Ability to work flexible hours on a regular basis with mandatory availability on weekends and as needed to satisfy member/business associates demands and work volume.
11. Use knowledge of compliance and regulations in day-to-day activities. Maintain knowledge of trends and developments in the local real estate market, as well as the changing rules and regulations pertaining to mortgages.
PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. While performing the duties of this job, the employee is regularly required to sit and reach with hands and arms. The employee is frequently required to stand for extended periods of time; use left and right hands for fine manipulation to finger, handle, or feel objects, tools, or controls; be able to read and write; have numerical comprehension. The employee is occasionally required to walk, stoop, kneel, crouch, or crawl; lift and carry weighted objects of up to 10 pounds; and talk or hear. Specific vision abilities required by this job include close vision and the ability to adjust focus.
WORK ENVIRONMENT/EQUIPMENT: This position requires that the individual be able to abide by the behavioral expectations (code of conduct) as delineated in the employee handbook. Examples of these behavioral expectations include but are not limited to: safety, drug and alcohol, sexual harassment, absenteeism, sick leave policies, etc. This position requires that the individual be able to comport him/herself in an appropriate manner maintaining courteous and effective interactions and communications with other employees and/or customers. The work environment described here is representative of those an employee encounters while performing the essential functions of this job: General office/Banking environment. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is usually moderate. The equipment used is general office bank equipment and PC.
Qualifications:
High school diploma required; undergraduate degree or some college work strongly preferred.
At least two years successful experience in sales or closely related business field required; strongly prefer mortgage lending experience.
Strong PC proficiency.
Excellent oral and written communication skills, especially in finding, building and maintaining productive account relationships.
Capable of exercising consistently good judgment.
Ability to work well under pressure to meet deadlines and demand
Regular travel required
Must have valid driver's license and insured vehicle
Bi-lingual helpful.
EOE/M/F/Vet/Disabled



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