Home Lending Associate/Home Lending Officer

JOB SUMMARY:

Island’s Home Lending Associate will undergo an extensive training program to learn all the duties and responsibilities to prepare for the Home Lending Officer role.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

During the extensive training program, the employee will learn and become proficient in the following areas:

  • Evaluating and reviewing mortgage products and the qualification process, rates, and payment, etc.; determining applicants’ ability to qualify, estimating closing costs and cash requirements. Following progress until the mortgage is closed. Interacting extensively with member, attorney, and associated agencies.

  • Basic knowledge of maintaining escrow accounts, (making deposits to and withdrawing payments from), on computer software. Compiling escrow information to prepare annual escrow analysis. Ensuring tax payments are disbursed in a timely manner to the appropriate municipality.

  • Ensuring issuance of all mortgage loan satisfactions.

  • Generating letters to members and outside agencies.

  • Gaining knowledge of all relevant rules, procedures, guidelines, and regulations related to lending including Fannie Mae, SONYMA, Federal Home Loan Bank and other agencies underwriting and servicing guidelines.

  • Utilizing BytePro, FICS and Desktop Underwriter.

  • Cross sell credit union services, deposit and loan products, which provide solutions to the member’s needs and improves their financial well-being.

  • Ability to work at various locations as needed.

KNOWLEDGE, SKILLS, AND ABILITIES:

  • Possess general knowledge of BSA & OFAC rules and regulations. Complete BSA & OFAC Training.
  • Knowledge of all products and services of the credit union.
  • Knowledge of and skill in using computer software, including MS Word and Excel.
  • Skill in operating various office equipment, such as a calculator, personal computer, facsimile, copy machine, etc.
  • Ability to prioritize, pay close attention to detail, and coordinate various activities simultaneously.
  • Obtain Nationwide Mortgage License (NMLS).
  • Obtain Notary Public.
  • Ability to communicate with members, co-workers, management, and business contacts in a courteous and professional manner.
  • Ability to work with minimal supervision.
  • Ability to maintain strict confidentiality.

EDUCATION AND EXPERIENCE:

  • High school degree or equivalent.

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