Mortgage Loan Officer

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

📋 Description

• Originate and sell residential mortgage loans to achieve sales targets.

• Meet with potential clients referred by realtors, developers, attorneys, and both internal and external referral sources.

• Clearly explain mortgage products and services, recommending options tailored to the needs of prospects.

• Assist customers throughout the mortgage application process.

• Ensure that applications are accurate and include all necessary documentation.

• Manage customer expectations regarding processing times and closing dates.

• Generate referrals for mortgage sales opportunities and other business lines within the company.

• Develop strategies in collaboration with sales management to meet sales targets.

• Input information into mortgage loan systems and create supporting documentation.

• Forward applications and required information to underwriting.

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

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

• Submit materials for processing, clear any conditions, finalize loan commitments, and prepare for closing.

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

• Attend closings as necessary.

• Maintain up-to-date knowledge of industry practices, mortgage laws, regulations, products, and procedures through ongoing training and seminars.

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

• Recommend improvements to products, programs, and pricing strategies.

• Ensure that TD Bank successfully meets audit and examination standards.

• Address complex mortgage needs.

⛳️ Requirements

• Bachelor's degree or relevant progressive work experience in addition to the experience specified below.

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

• Demonstrated sales capability.

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

• Exceptional sales ability and negotiation skills.

• Self-motivated and capable of planning activities to meet sales objectives.

• Strong time management abilities.

• Excellent verbal and written communication skills.

• Proficient in PC use, including the ability 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 registered mortgage loan originator with the NMLS.

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

• Occasional domestic travel required; no international travel.

• Ability to perform sedentary work, manage multiple tasks, operate standard office equipment, sit for extended periods, and maintain focus for long durations.

• Capability to read, write, and comprehend instructions, as well as perform basic arithmetic tasks.

🏝️ Benefits

• 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.

• Reward and recognition programs.

• Regular developmental discussions, training opportunities, and mentoring programs.

• Access to an online learning platform.

• Training and onboarding sessions.

• Competitive benefits package.