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Outside Mortgage Loan Officer

Company: Teachers Federal Credit Union
Location: Hauppauge
Posted on: November 20, 2022

Job Description:

Join Our Team

For 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Named one of America's Best-In-State Credit Unions by Forbes Magazine in 2022, Teachers has grown into one of the leading credit unions in the United States. As we broaden our national reach, we will continue to ensure that Teachers is a Best Place to Bank and a Best Place to Work. Teachers offers a variety of exciting career opportunities ranging from part-time and full-time staffers to executive leadership roles.

Responsible for initiating the mortgage loan application process by meeting with and interviewing members and non-members to determine the mortgage product that best meets the applicant's needs, reviewing documents presented and creating a loan file within the mortgage loan origination system. Verbally communicating mortgage offers and preparing adverse action letters to the applicants when applicable.

* These are for OMLOs in the following states: NY, NJ and CT*

Education/Experience:

  • High School Diploma Required
  • 1-4 years mortgage origination or mortgage sales experience.
  • Must have passed SAFE/NYS NMLS and maintain licensing and complete all related annual continuing education.
  • Preferred: Bachelor's degree (B.A.) from four-year College or University
    Other Related Duties:

    * Flexible working hours including some late nights and weekend.

    Job Responsibilities:

    • Develop and maintain business relationships with centers of influences in the Long Island Community such as real estate and attorney offices. Source new business by independently identifying potential clients that are in the market for a mortgage, and communicating the credit unions different mortgage programs, products and guidelines to these clients.
    • Evaluate and determine the creditworthiness of an application that is being submitted by a client for a mortgage. Manage and monitor the file from application to closing by collecting and verifying all documentation in relation to the application.
    • Be a key stakeholder in the entire mortgage process by working closely with the mortgage sales manager and processing team at the credit union by providing extraordinary service to both internal and external partners. Aligning his / her individual goals with the credit union's goal by meeting and exceeding productivity, quality and member service standards; providing recommendations whenever necessary to improve the mortgage process.
    • Partner and work closely with the mortgage sales manager by executing on specific projects to drive profitability for the credit union in the mortgage channel.
    • Attend networking events on behalf of the credit union and business development teams to include breakfasts, lunches to grow and improve his / her networking and prospecting opportunities.
    • Comply with all aspects as rules and regulations such as BSA (Bank Secrecy Act), AML (Anti-Money Laundering), OFAC (Office of Foreign Asset Control) and RESPA (Real Estate Settlement Procedures Act) as it relates to the position.
      Certification:

      * Incumbent must comply with the SAFE act provisions and maintain active status in the NMLS Registry. NMLS certification required. Incumbent must possess a unique identifier number. Incumbent must renew registration annually between November 1 and December 31st of each calendar year. Any registration not renewed will become inactive. It is also the incumbent's responsibility to update the registry when applicable such as name change, job or employment changes.

      Benefits of Joining the Teachers Team:

      We provide a competitive compensation and benefits package that includes, but is not limited to:

      • Paid time off for vacation, personal days, and holidays
      • Fully-funded pension plan
      • 401k company contribution
      • Teachers pay 100% of Vision & Dental Care
      • Tuition reimbursement is offered to full-time employees
      • Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
      • Flexible hybrid schedule for eligible positions
        To learn more about Teachers and to view a full list of our job opportunities please visit

        #LI-SH1

Keywords: Teachers Federal Credit Union, Westport , Outside Mortgage Loan Officer, Other , Hauppauge, Connecticut

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