Mortgage Loan Officer- New York NY

Work Location: New York, New York, United States of America. Hours: 40 per week. Pay range: $17.00 USD per hour plus commission.

About the Role

The Mortgage Loan Officer sells and originates residential mortgage loans to meet sales goals. This role involves taking residential mortgage loan applications and negotiating terms of residential mortgage loans.

Responsibilities

• Meets with prospects identified directly as well as referred by realtors, developers, attorneys, and other external and internal referral sources.
• Explains a variety of mortgage products and services, offering recommendations based on individual prospect needs.
• Guides customers through the mortgage application process, explaining required information and other aspects of the loan process.
• Ensures applications are completed accurately and contain required information and supporting documentation.
• Manages customer expectations regarding processing times and closing dates.
• Sells and originates residential mortgage loans according to established policies, procedures, and applicable legal and regulatory guidelines.
• Generates referrals for mortgage sales opportunities and sales of other company business line products.
• Develops a plan to achieve sales goals with assistance from sales management.
• Enters information into the mortgage loan system to ensure loans appear accurately in the pipeline.
• Creates supporting files with backup and explanatory documentation for underwriting, regulatory, and other purposes.
• Sends applications and other required information to the underwriting area.
• Underwrites loans using point-of-sale underwriting systems within the scope of authority.
• Communicates loan decisions directly to customers and explains any additional information needed.
• Submits application materials to the processing area to clear conditions, finalize the loan commitment, and prepare for closing.
• Communicates regularly with customers, underwriters, processors, realtors, closing agents, and others to ensure the application process proceeds as planned.
• Attends closings as needed.
• Develops knowledge of current industry practices and trends through learning from experienced sales personnel and attending continuing education training and seminars.
• Develops knowledge of policies, procedures, rules, and regulations related to retail mortgage products.
• Participates in homebuyers' seminars, home shows, brokers' meetings, and other home financing workshops.
• Recommends changes to products, programs, and/or pricing.
• Ensures TD Bank maintains successful audits and exams within all areas.
• Handles complex mortgage needs.

Requirements

• Bachelor’s degree or progressive work experience in addition to the experience below.
• 2+ years of mortgage origination experience.
• Proven sales ability.
• Developing knowledge of the mortgage industry, products, lending practices, and regulatory guidelines.
• Highest level of sales ability and negotiation skills.
• Self-directed with the ability to plan activities to achieve sales goals.
• Strong time management skills.
• Excellent communication skills, both verbal and written.
• PC skills, including the ability to learn mortgage origination and automated underwriting systems.

Qualifications

This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), 12 U.S.C. 5102 et seq., and its implementing regulations, 12 CFR Part 1007.

• Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36.
• Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the SAFE Act.
• Satisfactory results on a criminal background check and a credit report check, and statements/certification from the job applicant regarding administrative, civil, and/or criminal findings by any government agency/authority, are required by federal law for this position.

Physical Requirements

• Domestic Travel: Occasional (1-33%)
• International Travel: Never (0%)
• Performing sedentary work: Continuous (67-100%)
• Performing multiple tasks: Continuous (67-100%)
• Operating standard office equipment: Continuous (67-100%)
• Responding quickly to sounds: Occasional (1-33%)
• Sitting: Continuous (67-100%)
• Standing: Occasional (1-33%)
• Walking: Occasional (1-33%)
• Moving safely in confined spaces: Occasional (1-33%)
• Lifting/Carrying (under 25 lbs.): Occasional (1-33%)
• Lifting/Carrying (over 25 lbs.): Never (0%)
• Squatting: Occasional (1-33%)
• Bending: Occasional (1-33%)
• Kneeling: Never (0%)
• Crawling: Never (0%)
• Climbing: Never (0%)
• Reaching overhead: Never (0%)
• Reaching forward: Occasional (1-33%)
• Pushing: Never (0%)
• Pulling: Never (0%)
• Twisting: Never (0%)
• Concentrating for long periods of time: Continuous (67-100%)
• Applying common sense to deal with problems involving standardized situations: Continuous (67-100%)
• Reading, writing, and comprehending instructions: Continuous (67-100%)
• Adding, subtracting, multiplying, and dividing: Continuous (67-100%)

Benefits

TD offers a comprehensive Total Rewards package that includes:

• Base salary and variable compensation/incentive awards (eligibility for cash and/or equity incentive awards).
• Health and well-being benefits.
• Savings and retirement programs.
• Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO).
• Banking benefits and discounts.
• Career development and reward and recognition programs.

About TD

TD is one of the world's leading global financial institutions and the fifth largest bank in North America by branches/stores. We serve over 27 million households and businesses in Canada, the United States, and around the world. Our 95,000+ colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience.