Mortgage Loan Originator

Life at Amplify

As a growing, tech-focused credit union, Amplify Credit Union delivers value to our members through our products and impact to our community through our profits. That unique intersection is one reason we’ve been named a Top Workplace by the Austin American-Statesman six years in a row. We’re also proud to say that we’re the only full-service financial institution that doesn’t have deposit fees of any kind. We’re looking for teammates who are inspired by our mission and ready to grow their careers. As they do, our employees can expect Amplify to uphold our commitments to culture, community, inclusion, and more.

Position Summary

The role of the Mortgage Loan Originator is to serve existing members and procure new members through the origination of quality real estate loan products. Loan Originators act as the primary relationship manager between borrowers and Amplify’s real estate lending department.

Why Amplify?

As a Mortgage Loan Originator with Amplify, you will enjoy the best support and industry technology available.

• We are an Agency Direct Lender offering Conventional, FHA/VA/USDA, Jumbo, Second lien, and Portfolio Products.
• We use Encompass, Blend, Optimal Blue, and Salesforce to make the lending process as streamlined as possible.
• We aim to deliver a loan from application to closing in 18 days.
• We have local leadership, processing & UW.
• An entire marketing department will assist you in all areas (from listing sheets to social media blogs and posts).
• We pay a real salary and up to 108 BPS commission. We also provide daily leads to complement your self-generated business.
• As a credit union (depository), we lend in the whole state of Texas.
• You are only required to be registered, not licensed, with the NMLS.
• We have $1B+ in assets, 60,000 members, and have been in business since 1957 - we are stable and established.

RESPONSIBILITIES include the following. Other duties may be assigned.

• Establishes relationships with potential borrowers through branch-generated leads and begins to develop his/her book of business through self-sourced leads
• Prequalifies applicants based on an understanding of internal and secondary market loan requirements as compared to applicants’ actual circumstances and documentation; recommends loan products that will best serve the applicant’s needs and wants
• Field underwrites the real estate application and applicant documentation in order to set proper expectations with the applicant regarding the loan process
• Communicates requirements and expectations to both the applicant and support partners in a timely, thorough, and effective manner
• Fosters collaboration between the borrower and all other areas of Real Estate Lending to move applications through the process in an efficient manner
• Monitors and ensures closing dates and company deadlines are met
• Monitors, negotiates and executes rate locks with members and updates data in system of record as needed
• Maintains working knowledge of available mortgage products to accurately respond to member and external stakeholder questions and provide feedback to management regarding product innovation opportunities
• Upholds credit union policies and procedures and champions organizational culture both internally and externally

Supervisory Responsibilities                                             

This job has no supervisory responsibilities.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

High school diploma or GED. Bachelor’s degree in business or related field preferred. 3+ years of experience in Real Estate Loan Origination with proven history of annual production in excess of $18 million. FHA and VA origination experience a plus. Experience in proper loan pricing based on credit union rate determinations and understanding in the use of points or discounts is necessary.

Certificates, Licenses, Registrations

Must be bondable. Requires registration as a MLO with the Nationwide Mortgage Licensing System (NMLS) and Registry on an annual basis in addition to maintaining updates as needed. Initial registration is required immediately upon hire.

Software and Equipment Requirements

To perform this job successfully, an individual should have knowledge and be efficient with the use of a personal computer, Microsoft Office products, Credit Bureau Systems and financial calculators. Prior experience using Encompass is preferred. Must have experience with Desktop Underwriter and/or Loan Prospector underwriting systems and packaging of conforming loan standards.

Must have reliable internet access of 50MBPS which is the minimum speed required to connect to several of our systems and platforms.

Other Qualifications

• Excellent judgment skills to make quick decisions within written policy and standard operating procedures;
• Working knowledge of credit union's products and services, policies, and the Federal Credit Union Act including bylaws and regulations that apply to federally chartered credit unions;
• Ability to understand and make recommended changes to Standard Operating Procedures;
• Familiarity with state and federal NCUA regulations, HMDA, Regulation Z, Regulation B, the FHLMC, FNMA, and FHA rules and processes; and
• Knowledge of sales of mortgage loans into secondary market.

What We Offer
To build a better bank, you must build a better team. That’s why we’re committed to offering the best benefits to our team members. We want your time at Amplify to be a jumping-off point for personal and professional success, and this means offering benefits – including paid volunteer hours and development programs – that will engage your role in our community.

• Medical, Dental, and 401(k) programs for team members.
• Customized volunteer opportunities with our signature partners (Saint Louise House).
• Additional paid time off for volunteer-related activities.
• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members.

Starting Pay & Benefits
This role offers base pay of $19.21 plus a monthly incentive. It also entails the benefits available to all Amplify employees.  

Location
This remote role is available to candidates living in the state of Texas.

Team Member Testimonials
Read about some of your potential coworkers and why they enjoy working at Amplify. Or check us out on Comparably.

Amplify is an Equal Employment Opportunity Employer, seeking people from all backgrounds, life experiences, and world views. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.