Self-Help Federal Credit Union is currently undergoing dynamic growth in its credit union operations in California, Illinois, and Florida.  The Mortgage Loan Officer is a hands-on role where your efforts have a meaningful impact on the growth goals of the organization.

The successful candidate provides information on credit union products and services to potential borrowers according to all credit union policies and procedures as well as Federal and State rules and regulations.  Interviews all applicants for real estate loans.  Prepares, analyzes, processes and documents all required forms and related documents for real-estate loans. Approves or denies loan applications based on analysis of each applicant’s background.  Responsible for promoting credit union products and services to ensure meeting productivity goals.

Essential Responsibilities:

• Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process.  Achieve productivity goal as set forth by manager.


• Prequalify loan applicants by examining all borrower information and documentation, assessing creditworthiness, adequacy of income, credit and collateral and calculating repayment risk.  Determines the maximum purchase price/loan amount based on borrower data.  Approve or deny real-estate loan applications that do not meet pre-qualification standards and explain reasons for denial.


• Gather and review necessary data to complete the loan review process including credit bureau reports; verifying debts and estimating monthly payments for any outstanding debts not listed on application and ensuring they are added to application.


• Comply with all federal and state mortgage regulations and disclosure requirements.


• Prepare mortgage loan application and documentation for underwriting and closing.  Ensure that each real-estate loan is processed accurately, troubleshoot any issues that may arise during the processing period, and maintain communication with borrower throughout processing period, as needed.


• Develop mortgage loan business through continual identification, development, and maintenance of a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.  This network may consist of Real Estate professionals, builders, and professional contacts, as well as other valuable referral sources


• enhanced by regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.


• May oversee responsibilities of Mortgage Loan Assistant, if appropriate.


• Other duties as may be deemed necessary.

Credentials, Experience and Skills:

• Strong organization, computer, and customer service skills


• Ability to travel


• Proficiency with Word, Excel, and PowerPoint


• Strong communications skills including strong writing skills and presentation skills


• Strong commitment to our mission – creating economic opportunity for traditionally underserved communities.


• Strong understanding of cultural competency.


• Preference for working in organizations that place priority on teamwork and collaboration


• High School diploma or equivalent; Bachelor’s degree preferred.


• 0 to 2 years relevant experience in mortgage, banking, or other relevant experience; 2 to 5 years of relevant experience in mortgage, consumer lending, banking or other relevant positions preferred.


• Ability to represent Self-Help in networking functions and to develop and maintain key realtor and other relations that generate attractive loan/borrower referrals


• Strong analytical and quantitative skills and ability to independently handle loan applications and assess borrower ability to successful repay loans


• Ability to consistently follow guidelines for file quality


• Ability to consistently meet productivity goals.


• Ability to secure and maintain NMLS certification.


• Ability to work collaboratively on team


• Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization

Compensation: 

Competitive nonprofit compensation, based on experience, plus a generous benefits package.

About Us:

Self-Help Federal Credit Union was chartered in 2008 to build a network of branches that partner with working families and communities that face systemic barriers to building wealth. With over $1.7 billion in assets and serving more than 95,000 members in 36 branches - 19 in California, nine in Illinois, six in Washington, and two in Wisconsin, Self-Help Federal is one of the fastest-growing community development financial institutions in the country. It is part of the Self-Help family of non-profit organizations whose collective mission is to create and protect ownership and economic opportunity for all. For more than 41 years, the national Center for Community Self-Help and its affiliates have provided over $11 billion in financing to help over 198,000 people buy homes, start businesses, and build financial security. For more information, go to www.self-helpfcu.org and www.self-help.org.

Self-Help is committed to providing equal employment opportunities to all persons, regardless of race, religion, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender, gender identity, gender expression (including transgender status), age, sexual orientation, military and veteran status, class, or family status.

#Growth #Opportunity #Self-Help

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