Mortgage Loan Officer

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

📋 Description

• Originate and sell residential mortgage loans to meet established sales objectives.

• Meet with prospective clients referred by realtors, developers, attorneys, and other referral sources.

• Provide explanations of mortgage products and recommend suitable options based on the needs of the prospects.

• Assist customers throughout the mortgage application process.

• Clarify the necessary information and requirements for the loan process.

• Ensure the accuracy of applications and the inclusion of all required documentation.

• Manage customer expectations concerning processing times and closing dates.

• Generate referrals for mortgage opportunities and additional company products.

• Develop strategies to achieve sales goals with support from sales management.

• Enter data into the mortgage loan system and keep accurate pipeline records.

• Create supporting documentation for underwriting, regulatory compliance, and other purposes.

• Submit applications and required information to underwriting.

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

• Communicate loan decisions and clarify any additional information required.

• Submit materials for processing, resolve conditions, finalize commitments, and prepare for closing.

• Coordinate with customers, underwriters, processors, realtors, closing agents, and other stakeholders.

• Attend closings as necessary.

• Engage in continuing education, seminars, homebuyer workshops, home shows, broker meetings, and financing workshops.

• Recommend modifications to products, programs, and pricing structures.

• Ensure TD Bank maintains compliance during audits and examinations.

• Address complex mortgage requirements.

⛳️ Requirements

• Bachelor’s degree or equivalent progressive work experience in addition to the experience outlined below.

• A minimum of 2 years of experience in mortgage origination.

• Demonstrated sales proficiency.

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

• Maintains exceptional sales capabilities and negotiation skills.

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

• Strong skills in time management.

• Excellent communication abilities, both verbal and written.

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

• Must qualify for employment with a covered financial institution under Regulation Z.

• Must be eligible for registration as a mortgage loan originator with the NMLS.

• Satisfactory results from a criminal background check and a credit report check, including required statements/certification regarding government findings.

• Willingness to travel domestically on occasion.

• Capability to perform sedentary work, manage multiple tasks, operate standard office equipment, sit continuously, and meet specified physical requirements.

🏝️ Benefits

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

• Comprehensive health and well-being benefits.

• Savings and retirement programs.

• Paid time off, including Vacation PTO, Flex PTO, and Holiday PTO.

• Banking benefits and discounts.

• Opportunities for career development.

• Recognition and rewards programs.

• Regular career development and performance discussions with management.

• Access to an online learning platform.

• Mentoring opportunities.

• Training and onboarding sessions.

• Competitive benefits package.