Home Equity Consultant (Hybrid)

Home Equity Consultant (Hybrid)

Participates in all steps related to the origination of home equity loan products, including but not limited to, reviewing new loan applications, conducting interviews and processing preliminary documentation on loan requests.

Discusses loan alternatives, credit criteria, interest rates and loan documentation in a positive, professional manner.

Prepares and issues conditional loan approvals for Borrowers. Performs follow up work as necessary, and notifies members of loan qualification or denial. Explains loan denials precisely and clearly to members.

Counsels members regarding money management and financial matters, especially those that were denied, offering alternatives, if applicable.

Resolves loan application problems. Assists applicants with addressing credit report problems, low appraisals, low salary levels and high debt ratios.

Reviews information for completeness and accuracy. Clarifies missing or questionable information.

Resolves or refers requests and problems promptly and courteously, maintaining the Credit Union's professional reputation.

Stays informed of lending standards and guidelines, related legal requirements and trends in local real estate and competitive market.

Assists and supports Mortgage Loan Processors as needed to effectively process loans for closing.

Keeps management informed of area activities and of any significant problems.

Promotes and establishes strong, positive and productive working relationship within the organization through commitment to the company's purpose, mission and core values.

Qualifications

Skills

Required

Mathematics : Advanced

Accuracy : Advanced

Communication : Advanced

Attention to Detail : Advanced

Behaviors

Required

Team Player : Works well as a member of a group

Detail Oriented : Capable of carrying out a given task with all details necessary to get the task done well

Experience

Required

Minimum 2 years' experience in mortgage loan origination and processing.

High School diploma or equivalent.

Preferred

Computer proficiency with MS Office, including Word, Excel and PowerPoint, Internet, and Email.

Must meet the qualifications necessary to maintain a NMLS license and meet the requirements of the SAFE Act.

Knowledge of regulatory requirements RESPA, HMDA, ECOA, FCRA, Flood Determination, Reg Z, Ability to Repay, Interagency Appraisal and Evaluation Guidelines.

Solid math and calculation skills.

Knowledge of mortgage related requirements, procedures and underwriting criteria.

Knowledge of mortgage loan processing functions.