Mortgage Loan Officer

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

📋 Description

• Responsible for selling and originating residential mortgage loans to meet sales targets.

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

• Provide explanations of mortgage products and services, recommending options based on the needs of prospects.

• Assist customers throughout the mortgage application process.

• Clarify required information and the necessary steps in the loan process.

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

• Manage customer expectations regarding processing times and closing dates.

• Generate referrals for mortgage sales opportunities and additional company products.

• Collaborate with sales management to develop plans for achieving sales goals.

• Input information into mortgage loan systems while maintaining accurate pipeline records.

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

• Submit applications and required information to the underwriting and processing teams.

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

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

• Finalize loan commitments and prepare loans for closing.

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

• Attend closings as necessary.

• Stay informed about mortgage practices, products, laws, regulations, policies, and procedures through ongoing training and seminars.

• Participate in homebuyer seminars, home shows, broker meetings, and workshops on home financing.

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

• Ensure that TD Bank maintains successful audits and examinations.

• Address complex mortgage needs.

⛳️ Requirements

• A bachelor's degree or progressive work experience in addition to the required experience listed below.

• A minimum of 2 years of mortgage origination experience.

• Demonstrated sales ability.

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

• Exceptional sales ability and negotiation skills.

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

• Strong skills in time management.

• Excellent verbal and written communication abilities.

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

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

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

• A satisfactory criminal background check and credit report are required.

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

• Willingness to travel domestically on occasion.

• Ability to perform sedentary work and operate standard office equipment continuously.

• Capability to perform physical activities, including occasional sitting, standing, walking, squatting, bending, reaching forward, and lifting or carrying items under 25 lbs.

🏝️ Benefits

• Comprehensive health and well-being benefits.

• Savings and retirement programs.

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

• Banking benefits and discounts.

• Opportunities for career development.

• Reward and recognition programs.

• Regular discussions regarding career development and performance.

• Access to an online learning platform.

• Mentoring programs available.

• Training and onboarding sessions provided.

• Eligibility for cash and/or equity incentive awards through participation in an incentive plan.