Mortgage Loan Officer- New York NY
About the role
The Mortgage Loan Officer sells and originates residential mortgage loans to sales goals. The role involves taking residential mortgage loan applications, guiding customers through the mortgage application process, managing customer expectations, selling and originating loans, and maintaining successful audits and exams.
Responsibilities
- Met with prospects and referred customers to explain mortgage products and services
- Guide customers through the mortgage application process
- Ensure applications are completed accurately and contain required information
- Manage customer expectations regarding processing times and closing dates
- Sell and originate residential mortgage loans according to established policies and procedures
- Generate referrals for mortgage sales opportunities and other company business line products
- Develop a plan to achieve sales goals with assistance from sales management
- Enter information into mortgage loan system for accurate pipeline tracking
- Create supporting files for underwriting, regulatory, and other purposes
- Send applications and other required information to underwriting and processing areas
- Communicate loan decisions to customers and address any additional information needed
- Prepare for and attend closings as needed
- Attend homebuyers' seminars, home shows, and other home financing workshops
- Recommend changes to products, programs, and pricing
- Ensure compliance with policies, procedures, rules, and regulations related to retail mortgage products
- Participate in continuing education training and seminars
- Deal with complex mortgage needs
Requirements
- Bachelor's degree or equivalent work experience in addition to 2+ years of mortgage origination experience
- Proven sales ability
- Knowledge of mortgage industry, products, lending practices, and regulatory guidelines
- High level of sales ability and negotiation skills
- Strong time management skills
- Excellent communication skills, both verbal and written
- PC skills, including ability to learn mortgage origination and automated underwriting systems
Qualifications
- Eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act
- Eligible for registration as a registered mortgage loan originator with the NMLS
- Satisfactory results on a criminal background check and a credit report check
Skills
- Customer service skills
- Communication skills
- Financial analysis skills
- Problem-solving skills
- Time management skills
- Computer skills
Benefits
TD offers a comprehensive benefits package including health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition.
Pay
The base pay for this role ranges from $11.54 per hour depending on established local minimum wage plus commission. The actual pay may vary based on the candidate's skills and experience.
Schedule
The role typically works 40 hours per week.