Credit unions seeking to hire strong mortgage lending officers should look for candidates with experience, strong communication skills, the ability to build and maintain relationships and a willingness to adapt to the credit union's culture.
These are some of the thoughts offered by leading executives and mortgage consultants as many credit unions consider adding staff to help them convert housing finance operations which had been primarily focused on refinancing existing home loans into operations which underwrite and close mostly loans to purchase property.
"I know I risk sounding like a broken record when I keep bringing it up, but purchase money lending is really different," said Bob Dorsa, president of the American Credit Union Mortgage Association.
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