Mortgage Loan Officer

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

📋 Description

• Engage with prospects identified directly or referred by realtors, developers, attorneys, and other referral sources.

• Provide explanations of mortgage products and services, recommending options tailored to the needs of prospects.

• Assist customers throughout the mortgage application journey.

• Clarify necessary information and other aspects of the loan process.

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

• Manage customer expectations concerning processing timelines and closing dates.

• Originate and sell residential mortgage loans in accordance with policies, procedures, as well as legal and regulatory standards.

• Generate referrals for mortgage opportunities and additional company business-line products.

• Collaborate with sales management to devise strategies for achieving sales targets.

• Input data into the mortgage loan system, maintaining accurate pipeline records.

• Assemble supporting files and documentation for underwriting, regulatory, and other purposes.

• Forward applications and necessary information to underwriting.

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

• Communicate loan outcomes and clarify any additional information required.

• Submit documentation to processing to clear conditions, finalize commitments, and prepare for closing.

• Interact with customers, underwriters, processors, realtors, closing agents, and other parties.

• Attend closings as necessary.

• Enhance knowledge of industry practices, products, mortgage laws, and regulations through training sessions and seminars.

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

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

• Ensure successful TD Bank audits and examinations.

• Address complex mortgage requirements.

⛳️ Requirements

• Bachelor’s degree or progressive work experience alongside 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.

• Exceptional sales abilities and negotiation skills.

• Self-motivated with the capability to plan personal activities to meet sales objectives.

• Strong time management skills.

• Excellent verbal and written communication abilities.

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

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

• Must be eligible for registration as a registered mortgage loan originator with NMLS in accordance with the SAFE Act.

• Successful completion of a criminal background check and credit report check.

• Required statements or certifications concerning administrative, civil, and/or criminal findings by any government agency or authority.

• Occasional domestic travel may be necessary.

• Ability to perform sedentary work, manage multiple tasks, and continuously operate standard office equipment.

• Capacity to sit and focus for extended periods.

• Proficient in reading, writing, comprehending instructions, and performing basic arithmetic continuously.

🏝️ Benefits

• Variable compensation/incentive awards, including eligibility for cash and/or equity incentive programs.

• Comprehensive health and wellness benefits.

• Savings and retirement plans.

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

• Banking benefits and discounts.

• Opportunities for career development.

• Recognition and reward programs.

• Regular discussions regarding career growth, development, and performance.

• Access to an online learning platform.

• Mentoring programs available.

• Training and onboarding sessions provided.

• Competitive benefits package.

• Accommodation support for applicants with disabilities.