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Job description
Eastman Credit Union is seeking an experienced Mortgage Originator. This position is for Inbound Mortgage Origination. Some of the benefits include:
nWork/Life Balance - 40 hours per week (November – February)/ Minimal Overtime (March – October)
nNon-Commission, Competitive Pay
nBenefits Include: Medical, Dental, Vision, 401(k), Paid Vacation, Annual Bonus Plan, Tuition Reimbursement, and more!
nPromotional Opportunities and Career Development
nPossibility of Floating within Tri Cities Region
nMortgage Loan Originator Functions:
nnInterview prospective borrowers, determine borrowers’ financial goals, and present appropriate ECU product options
nDiscuss loan pricing and lock options
nGather application data such as income, assets, sales contract, etc
nEnter personal and financial information in loan origination system, and analyze applicant financial status to determine feasibility of granting loan.
nDeny application or submit application to Processing
nReview loan application and pertinent disclosures (loan estimate, closing disclosure, etc.) with applicants.
nCompile loan package and discusses loan terms with applicant in accordance with ECU guidelines and policies.
nDeliver loan package to Disclosure Desk in a timely manner (within 1 day of application)
nConfer with underwriter/processing to aid in resolving mortgage underwriting compliance
nAssist members with inquiries and information requests
nInform loan applicant of credit decision
nManages pipeline to insure timely loan processing and closing
nPromote and cross-service other ECU products and services as appropriate to member needs
nContinuing education – seminars and on-line training to stay abreast of changes in the mortgage lending industry
nMaintain working knowledge of mortgage regulatory compliance. Including but not limited to:nnRegulation Z –nnHigh - Cost Mortgages
nHigher Priced Mortgages
nPeriodic Statement Requirements
nAdjustable-rate Disclosures and Requirements
nAbility to Repay
nRight of Rescission
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nHome Mortgage Disclosure Act (HMDA)
nRegulation XnnTimely Escrow Payments and Treatment of Escrow Balances
nError Resolution Procedures
nRequests for Information
nForce Placed Insurance
nHomeownership Counseling
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nRegulation B – Equal Credit Opportunity ActnnAdverse Action
nAppraisal Delivery
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nQualified Mortgages
nTILA RESPA
nFair Credit Reporting Act/FACTA
nEqual Credit Opportunity Act
nRight to Financial Privacy Act
nFlood Insurance Notification
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nMaintain expert knowledge of systems used in the mortgage processnnECU currently originates its mortgage loans in Ellie Mae’s Encompass system, also working knowledge of ValuTrac, OSI, Courthouse Retrieval, DU, Data Quick etc.
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nMaintain expert knowledge of ECU Mortgage products and services.nnECU offers a variety of loan products including: FNMA, VA, FHA and USDA products.
nECU also provides a wide variety of specialty products, First Time Home Buyer, Purchase Plus, Construction, Select, Home Equity/Home Equity Line of Credit and Choice Loans to name a few.
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nTeam player. Ability to work well with all areas within mortgage department and ECU.
nDemonstrate exceptional attendance and punctuality practices.
n nEmpathy, Reliability, Responsiveness, and Teamwork
nRequired Skills
nRequired Experience
nBachelors Degree (B.A.) from four year college or university; or three to five years related experience and/or training; equivalent combination of education and experience.
Worksite address
kingsport, TN, 37662, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.