Mortgage Loan Officer

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

📋 Description

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

• Conduct meetings with potential clients referred by realtors, developers, attorneys, as well as internal and external referral sources.

• Articulate mortgage products and services while suggesting suitable options based on the needs of prospects.

• Assist customers throughout the mortgage application and loan process.

• Verify that applications are complete and include all necessary documentation.

• Manage customer expectations concerning processing times and closing schedules.

• Generate referrals for mortgage opportunities and other products offered by the company.

• Formulate strategies to meet sales objectives with support from sales management.

• Input loan data into mortgage loan systems and ensure accurate pipeline information is maintained.

• Create relevant files and documentation for underwriting and compliance purposes.

• Submit applications and necessary information to underwriting and processing teams.

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

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

• Finalize loan commitments and prepare applications for closing.

• Regularly coordinate with customers, underwriters, processors, realtors, and closing agents.

• Attend closing meetings as required.

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

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

• Ensure successful audits and examinations by TD Bank.

• Address complex mortgage requirements.

⛳️ Requirements

• A bachelor's degree or equivalent work experience in addition to the experience specified below.

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

• Demonstrated sales proficiency.

• A developing understanding of the mortgage sector, including products, lending practices, and regulatory standards.

• Strong sales and negotiation abilities.

• Capacity to self-manage and organize activities to achieve sales objectives.

• Excellent time-management capabilities.

• Outstanding verbal and written communication skills.

• Proficient in PC operations and capable of learning mortgage origination and automated underwriting systems.

• Eligibility for employment with a covered financial institution per Regulation Z standards.

• Qualification 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 evaluation.

• Required applicant certifications or statements regarding administrative, civil, and/or criminal findings.

• Ability to perform continuous sedentary tasks, multitask, operate office equipment, and engage in reading, writing, comprehension, and basic arithmetic.

• Occasional domestic travel is required; international travel is not necessary.

🏝️ Benefits

• Competitive base salary alongside variable compensation or incentive awards, which may include cash and/or equity incentives.

• Comprehensive health and well-being benefits.

• Savings and retirement programs.

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

• Banking perks and discounts.

• Opportunities for career development.

• Recognition and reward programs.

• Regular discussions regarding career development and performance with management.

• Access to an online learning platform.

• Participation in mentoring programs.

• Training and onboarding sessions provided.

• A competitive benefits package.