Mortgage Loan Officer

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

📋 Description

• Originate and sell residential mortgage loans in alignment with sales targets.

• Engage with prospects referred by realtors, developers, attorneys, and various referral sources, both internal and external.

• Articulate mortgage products and services, offering recommendations based on the needs of prospects.

• Assist customers throughout the mortgage application process.

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

• Ensure the accuracy of applications and the inclusion of all required documentation.

• Manage customer expectations concerning processing timelines and closing dates.

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

• Collaborate with sales management to develop strategies for achieving sales objectives.

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

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

• Submit applications and required information to the underwriting team.

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

• Communicate loan decisions and additional information requests to clients.

• Forward materials to processing, address conditions, finalize commitments, and prepare for closing.

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

• Attend closings as necessary.

• Stay updated on industry practices, mortgage products, laws, regulations, policies, and procedures through ongoing training and seminars.

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

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

• Facilitate successful audits and examinations for TD Bank.

• Address complex mortgage requirements.

⛳️ Requirements

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

• Over 2 years of experience in mortgage origination.

• Demonstrated sales proficiency.

• Growing knowledge of the mortgage industry, products, lending practices, and regulatory standards.

• Exceptional sales abilities and negotiation skills.

• Ability to work independently and plan activities to meet sales objectives.

• Strong time management capabilities.

• Excellent verbal and written communication skills.

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

• Must meet employment eligibility criteria for a covered financial institution as per Regulation Z standards.

• Must qualify for registration as a mortgage loan originator with the NMLS under the SAFE Act.

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

• Willingness to travel domestically on occasion.

• Capability to perform sedentary work, manage multiple tasks, operate standard office equipment, maintain focus for extended periods, read/write/comprehend instructions, and perform basic arithmetic consistently.

• Ability to sit continuously and occasionally stand, walk, squat, bend, reach forward, and lift/carry items under 25 lbs.

🏝️ Benefits

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

• 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.

• Rewards and recognition programs.

• Regular conversations regarding career development and performance.

• Access to an online learning platform.

• Mentoring initiatives.

• Training and onboarding sessions.