Agent Mortgage Loan Officer
Company: PenFed Credit Union
Location: Virginia Beach
Posted on: November 11, 2019
Agent Mortgage Loan Officer
Agent Mortgage Loan Officer
PenFed Credit Union is hiring an Agent Mortgage Loan Officer in
Virginia Beach, Virginia. The primary purpose of this job is to
responds to member inquiries and referrals that are generated from
both their own contacts and from other PenFed's business channels.
The Agent MLO will conduct interviews with prospective borrowers in
order to analyze financial and credit data, determine
member-financing objectives, advice members of product and pricing
policies and guidelines, and gather any additional required
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. This is not
intended to be an all-inclusive list of job duties and the position
will perform other duties as assigned.
- Proactively solicits new residential mortgage business and
sells PenFed mortgage products to meet established loan quality and
- Promote sales and continually identifies, develops and
maintains a quality network of realtor and member business
relationships. Increase mortgage business by marketing, promoting
and recommending loan products and services with use of sales
techniques to promote and close transactions.
- Represent PenFed in the market place, research competitor and
other external marketplace best practices. Maintain awareness of
competitive strategies and knowledge of product offerings as a
means to improving sales penetration and fulfilling the needs of
actual and potential members.
- Develop and maintain knowledge of Conventional, VA and FHA
lending policies and procedures.
- Provide sound mortgage advice to members regarding the
advantages and disadvantages of different loan products and pricing
policies and guidelines.
- Ensure exceptional member service by maintaining thorough
knowledge of lending programs, policies, procedures and regulatory
requirements, demonstrating a commitment to professional ethics,
complying with all Federal and state compliance policies and
adhering to Home Mortgage Disclosure Act (HDMA) guidelines.
- Learn and utilize assigned programs and technology to maintain
regulatory loan documentation requirements. Ensure all conditions
and closing dates are met.
- Initiate and maintain contact with realtors and members
throughout the processing period. Ensure that all related parties
are kept informed of loan status, conveying the appropriate level
of urgency and professionalism so that all expectations are
- Identify any issues, which may affect ability to meet
previously established conditions and dates in a timely manner.
Education and Experience
Equivalent combination of education and experience is
- High School Diploma or equivalent.
- Minimum of four (4) year of college degree preferred.
- Minimum of two (2) years of residential mortgage lending
experience with a focus on generating self-sourced business is
- Demonstrated understanding of mortgage processing, underwriting
and closing procedures.
- Knowledge of Conventional, FHA and or VA lending
- Understanding of Federal Regulations governing Real Estate
This position will not supervise employees.
Licenses and Certifications
There are no additional certifications required.
While performing the duties of this job, the employee is regularly
exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate
noise and the ability to lift 25 pounds.*
Ability to travel to various worksites and be on-call is
Established in 1935, PenFed today is one of the country's strongest
and most stable financial institutions with over 1.8 million
members and over $25 billion in assets. We serve members in all 50
states and the District of Columbia, as well as in Guam, Puerto
Rico, Okinawa, and Portugal. We are federally insured by NCUA and
we are an Equal Housing Lender. We are available to members
worldwide, via the web, seven days a week, twenty-four hours a
Our mission isn't simply to help our members get by. We exist to
help them realize every ounce of their potential. We exist to
educate, and to encourage. We exist to usher their dreams into the
land of reality.
We provide our employees with a lucrative benefits package
including robust medical, dental and vision plan options, plenty of
paid time off, 401k with employer match, on-site fitness facilities
at our larger locations, and more.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies
which will not discriminate or permit harassment or retaliation
against a person because of race, color, creed, age, sex, gender,
gender identity, gender expression, religion, national origin,
ancestry, marital status, military or veteran status or obligation,
the presence of a physical and/or mental disability or medical
condition, genetic information, sexual orientation, and all
statuses protected by applicable state or local law in all
recruiting, hiring, training, compensation, overtime, position
classifications, work assignments, facilities, promotions,
transfers, employee treatment, and in all other terms and
conditions of employment. PenFed will also prohibit retaliation
against individuals for raising a complaint of discrimination or
harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with
a disability so that they can apply for a job or perform the
essential functions of a job unless doing so causes a direct threat
to these individuals or others in the workplace and the threat
cannot be eliminated by reasonable accommodation or if the
accommodation creates an undue hardship to PenFed. Contact human
resources (HR) with any questions or requests for accommodation at
Keywords: PenFed Credit Union, Virginia Beach , Agent Mortgage Loan Officer, Sales , Virginia Beach, Virginia
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