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Teachers Federal Credit Union

Home Equity Specialist

Career Insights for Mortgage Loan Officer

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What they do

A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.

$60,946 / year median in New York

-17% projected decline

Explore Career

Job Description

Join Our Team For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America's Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation's leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.
Summary:
The Home Equity Specialist is responsible for originating home equity loans and lines of credit while self-sourcing new business opportunities. This role builds and maintains relationships with members and key referral partners, identifies prospective clients, and promotes the credit union's mortgage programs. The specialist delivers an exceptional member experience by assessing financial needs, recommending appropriate solutions, and ensuring compliance with all regulatory requirements. Education and/or
Experience:
High School diploma requiredMinimum two years' experience in home equity or mortgage lending originations requiredNMLS certification required. Must maintain licensing and complete all related annual continuing educationStrong written and verbal communication skillsProficiency in Microsoft Excel, Word, and mortgage systems (MortgageBot, DNA, Salesforce)Excellent multitasking and time management abilities to handle multiple files and deadlinesAbility to ensure timely collection and submission of loan documents from membersUp to 50% local travel to branches to educate staff on home equity products and processesSelf-motivated with the ability to work independently while meeting performance goals
Job Responsibilities:
Originates home equity loans and lines of credit while self-sourcing new business opportunities and meeting monthly production goalsIdentifies and engages prospective clients to promote the credit union's mortgage programs, products, and guidelinesDevelops and maintains relationships with members and key referral partners, including centers of influence within the assigned region or stateCollects, reviews, and uploads required documentation to ensure applications meet departmental criteria and regulatory requirementsMaintains organized, compliant pipelines; manages time effectively to balance member appointments, application review, and branch support.

Educates branch team members on home equity products and processes; serves as a subject-matter resourceAttends networking events on behalf of the credit union and business development teams to advance networking and prospecting opportunitiesAdheres to internal policies and external regulations, including SAFE Act/NMLS, BSA (Bank Secrecy Act), AML (Anti-Money Laundering), OFAC (Office of Foreign Asset Control) and RESPA (Real Estate Settlement Procedures Act) requirements as it relates to the positionPerforms other duties as needed upon request by immediate supervisor 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 401(k) company contribution Teachers pays 100% of Dental & Vision premium 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 The salary for this position is $40,000.00 annually plus commission eligibility. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law. All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.
org/about/careers Click here to view:
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Benefits

  • Paid Time Off (PTO)
  • Personal Leave
  • Financial Aid/Assistance
  • Professional Development