Mortgage Loan Officer

San Rafael, California
Mortgage – Mortgage Lending /
Full-Time /
On-site
At Redwood Credit Union we are on a journey to re-imagine the way we do business, and we can’t do it without you - our next great hire.
 
Since 1950, Redwood Credit Union has been helping people reach their financial goals and dreams with a focus on helping others. As a not-for-profit financial institution, our passion is for helping our Members meet their financial needs, whether it’s through better rates, low or no fees, or expanded services.
 
That people-first approach holds true for our employees, too. Our work environment is built on service and trust. It's all possible with a leadership team committed to hiring talented people and helping them develop their careers.

Redwood Credit Union is seeking the kind of experienced External Mortgage Loan Officer in Marin County who cares about delivering an outstanding member experience and love to say “yes” as often as possible.

The Job:
- Independently source and develop new referral business.
- Actively grow previously self-generated external referral relationships.
- Effectively market all first and second lien residential conventional loan products.
- Determine and ethically consult as to best options for specific applicant(s) goals and needs.
- Take complete residential loan applications on a web-based platform; answer phone inquiries and handle mortgage referrals as needed.
- Own the overall responsibility of communication from origination through the funding of the transaction.
- Gather, review and submit accurate application to processing and follow up communications with applicant(s) as needed.
- Accurately interpret Fannie Mae Desktop Underwriting (DU) findings so that all possible loan decisions can be made at minimum inconvenience to applicant(s) while assuring a correct credit decision can be made.
- Consulting with Applicant(s) on at least a weekly basis regarding the status of their loans.
- Actively pursue cross sell opportunities; offering those that will benefit the applicant(s).
- Manage Pipeline in partnership with loan processor to ensure excellent service and effective rate lock options.
- Discuss loan options and programs including counter-offers.
- For denied applications, recommend valid action steps and counseling to applicants in order to preserve potential lending relationship(s) in the future.

What We Need From You:
- Verifiable experience and production in the desired territory of Marin County.
- Thorough knowledge of conventional conforming mortgage principles, practices and rules, with verifiable experience with recent regulatory compliance requirements
- Verifiable recent loan production in conventional/conforming products
- Thorough current knowledge of internet based LOS & Fannie Mae DU risk engine
- 4+ years experience in the mortgage lending industry
- 1+ year as a high producing conventional mortgage loan originator (desired)
Redwood Credit Union offers a robust benefits package to our eligible employees including:
·         Competitive medical, dental, and vision insurance, mental health offerings
·         Employee performance incentive plan
·         Salary Advancement– Merit increase based on performance
·         401(k) program with employer match
·         Time Off- Competitive PTO accrual plus 11 paid company holidays and your birthday off!
  RCU Discounts and Perks-
RCU employees are eligible for a .75% discount off RCU standard collateral auto loans
- RCU employees are eligible for a 1% discount on all recreational or boat loan products
- 2% discount off Visas and LOC Loans through RCU
- 0% interest on garment, fitness, or home office equipment loan of up to $500
- 100% financing for employee purchased homes!
 
Why work for Redwood Credit Union?
·         Local financial institution, providing unparalleled service since 1950
· Recognized by Newsweek as one of "America's Best Credit Unions 2024"
·         Top 5 Healthiest Credit Union in the USA, rated by Glatt Consulting
·         Voted Best Places to Work in the North Bay 18 years in a row
·         World-class employee engagement scores
·         Rated Superior in Service by more than 90% of Members, surveyed by SF Gate
·         Recognized by Forbes as one of “America’s Best Small Employers 2023"
 
Internal Team Members
If you are a current Team Member, please apply through the internal careers page located in RCUNET.
 
                                        Service ~ Trust ~ People ~ Cooperation
                                         We are an Equal Opportunity Employer