Mortgage Loan Officer

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

📋 Description

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

• Engage with potential clients identified through direct outreach or referrals from realtors, developers, attorneys, and other sources.

• Provide detailed explanations of mortgage products and services, recommending options tailored to client needs.

• Assist customers throughout the mortgage application process.

• Clarify necessary information and details regarding the loan process.

• Ensure applications are complete, accurate, and include all required information and supporting documentation.

• Manage client expectations concerning processing times and closing dates.

• Generate referrals for mortgage opportunities as well as other company offerings.

• Formulate strategies to achieve sales targets with support from sales management.

• Input data into the mortgage loan system and maintain precise pipeline records.

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

• Forward applications and requisite information to underwriting.

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

• Communicate loan decisions and clarify any additional information needed.

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

• Maintain communication with clients, underwriters, processors, realtors, closing agents, and other stakeholders.

• Attend closings as required.

• Stay updated on industry practices, products, mortgage laws, and regulations 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 TD Bank adheres to successful audits and examinations.

• Address complex mortgage requirements.

⛳️ Requirements

• A bachelor's degree or relevant progressive work experience in addition to the experience mentioned.

• Over 2 years of experience in mortgage origination.

• Demonstrated sales proficiency.

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

• Exceptional sales capability and negotiation skills.

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

• Strong time management abilities.

• Excellent verbal and written communication skills.

• Proficient in PC skills, including the ability 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 mortgage loan originator with the NMLS in accordance with the SAFE Act.

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

• Required disclosures/certifications regarding any administrative, civil, or criminal findings from government entities.

• Capability to perform sedentary work, multitask, and operate standard office equipment continuously.

• Ability to focus for extended periods and read, write, comprehend instructions, and perform basic arithmetic consistently.

🏝️ Benefits

• Competitive base salary along with variable compensation and incentive awards, inclusive of eligibility for cash and/or equity incentives.

• Comprehensive health and well-being benefits.

• Savings and retirement plans.

• Paid time off that encompasses Vacation PTO, Flex PTO, and Holiday PTO.

• Banking perks and discounts.

• Opportunities for career advancement.

• Recognition and rewards programs.

• Regular discussions regarding career development and performance reviews.

• Access to an online learning platform.

• Mentoring programs available.

• Training and onboarding sessions provided.

• Opportunities for domestic travel as necessary.