Mortgage Loan Officer- Milwaukee Area
On-siteWisconsin, United States
Job Summary
Interview mortgage loan applicants and assist members in completing applications via phone or electronically. Collate, analyze, and evaluate borrower financial information to determine character, collateral, capacity to repay, and credit position. Calculate debt-to-income ratios and recommend loan pricing, terms, amounts, and approval or denial decisions based on individual circumstances. Prepare accurate loan documentation for underwriting and manage the closing process while notifying applicants of decisions. Visit community and business contacts to promote services, solicit applications, and develop lending business. Consult members on financial planning, budgeting, and debt restructuring. Perform assigned loan prospect and delinquency calls to meet goals. This role requires access to transportation for client travel and adherence to all credit union policies and federal regulations.
Required Qualifications
- High School Diploma
- Have access to transportation on demand to be able to travel to client and vendor appointments out of office as needed
- This position may include frequent driving; a driving record review is required
- Knowledge of the mortgage loan application process and consumer credit
- Ability to collate and analyze individual borrower financial information
- Evaluation of information, and ability to make recommendations regarding loan pricing, structure, amounts, and terms as appropriate
- Ability to recommend loan approvals, denial, and counteroffers based upon analysis of individual facts and circumstances
- Ability to build rapport, explaining product features & benefits, and persuasively communicate
- Skills in developing business
- Sound PC computing skills, including MS-Office and loan application software
- Strong problem-solving skills
- Ability to build credibility and trust
- Prior experience gathering data, analyzing customer financial information, and making financial product recommendations
- Previous business development/networking experience
- Previous Mortgage/Consumer Lending, Banking, or Sales experience
- Experience working in a face-to-face customer service/sales environment
- A record of success in meeting set, external business goals
Desired Qualifications
- College Degree in Business Administration, Marketing, Sales, or Finance desired
- Previous consumer lending experience at Marine Credit Union preferred
- Experience building networks of community/industry contacts to support business goals a plus
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