Mortgage Loan Officer

This is a fully remote position, open to applicants in Massachusetts.

📋 Description

• Originating and selling residential mortgage loans to meet established sales targets.

• Engage with prospects referred by realtors, developers, attorneys, as well as internal and external referral sources.

• Clarify mortgage products and services while recommending options suited to the needs of prospects.

• Assist customers throughout the mortgage application process.

• Ensure that applications are precise and contain all necessary documentation.

• Manage customer expectations concerning processing times and closing dates.

• Generate referrals for mortgage opportunities alongside other company offerings.

• Collaborate with sales management to devise strategies for attaining sales objectives.

• Input loan details into the mortgage loan system and create accompanying files.

• Forward applications and pertinent information to underwriting and processing departments.

• Underwrite loans utilizing point-of-sale underwriting systems within the designated authority.

• Communicate loan decisions and any additional information requirements to customers.

• Finalize loan commitments and prepare loans for the closing process.

• Coordinate with customers, underwriters, processors, realtors, closing agents, and others involved.

• Attend closings as necessary.

• Stay informed about mortgage products, laws, regulations, policies, and industry trends.

• Participate in homebuyer seminars, home shows, brokers' meetings, and financing workshops.

• Suggest improvements to products, programs, and pricing structures.

• Ensure successful completion of TD Bank audits and examinations.

• Address complex mortgage requirements.

⛳️ Requirements

• Bachelor's degree or relevant progressive work experience, in addition to the experience requirements.

• Minimum of 2 years of experience in mortgage origination.

• Demonstrated sales capabilities.

• Developing knowledge of the mortgage industry, including products, lending practices, and regulatory guidelines.

• Exceptional sales ability and negotiation skills.

• Self-motivated with the ability to plan activities to meet sales goals.

• Strong time management capabilities.

• Excellent verbal and written communication abilities.

• Proficient PC skills and capacity to learn mortgage origination and automated underwriting systems.

• Must meet eligibility criteria for employment with a covered financial institution as per Regulation Z.

• Must qualify for registration as a registered mortgage loan originator with the NMLS under the SAFE Act.

• Satisfactory results from a criminal background check and credit report check.

• Occasional domestic travel may be required.

• Ability to perform sedentary work, manage multiple tasks, operate standard office equipment, sit for extended periods, read, write, understand instructions, and perform basic arithmetic.

🏝️ Benefits

• Base salary along with variable compensation/incentive awards, which may include eligibility for cash and/or equity incentive awards.

• Comprehensive health and well-being benefits.

• Savings and retirement programs available.

• Paid time off, which encompasses Vacation PTO, Flex PTO, and Holiday PTO.

• Banking benefits and discounts offered.

• Opportunities for career development.

• Rewards and recognition programs.

• Regular discussions regarding career, development, and performance.

• Access to an online learning platform.

• Mentoring programs available.

• Training and onboarding sessions provided.