Mortgage Loan Officer- US East Coast

Description

The Mortgage Loan Officer sells and originates residential mortgage loans to sales goals. The Mortgage Loan Officer takes residential mortgage loan applications and offers or negotiates terms of residential mortgage loans.

$11.54 per hour, plus commission.

• Meets with prospects identified directly and those referred by realtors, developers, attorneys, and other referral sources.
• Explains variety of mortgage products and services available and offers recommendations based on evaluation of individual prospect needs.
• Guides customers through the mortgage application process.
• Explains information required and other aspects of the loan process to customers.
• Ensures applications are completed accurately and contain required information and supporting documentation.
• Manages customers' expectations regarding processing times and closing dates.
• Sells and originates residential mortgage loans according to established policies and procedures and applicable legal and regulatory guidelines.
• Generates referrals for mortgage sales opportunities and sales of other company business line products.
• Develops plan to achieve sales goals with assistance from sales management.
• Enters information into mortgage loan system so that loans will appear accurately in the pipeline.
• Creates supporting files with backup and explanatory documentation for underwriting, regulatory and other purposes.
• Sends application and other required information to underwriting area.
• Underwrites loans using point‑of‑sale underwriting systems within scope of authority.
• Communicates loan decisions directly to customers and explains any additional information needed.
• Submits application materials and other required information to processing area to clear any conditions, finalizes the loan commitment, and prepares for closing.
• Communicates regularly with customers, underwriters, processors, realtors, closing agents and others to ensure application process proceeds as planned.
• Attends closings as needed.
• Develops knowledge of current industry practices and trends by learning from more experienced sales personnel and attending continuing education training and seminars, including but not limited to the full array of company products and services as well as mortgage laws and regulations.
• Develops knowledge of policies, procedures, rules and regulations related to retail mortgage products.
• Participates in home buyers' 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.
• Deals with complex mortgage needs.

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

• Position falls within the definition of Loan Originator under Regulation Z of the Truth in Lending Act, 12 CFR Part 1026.36, and Mortgage Loan Originator 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.
• Must be eligible for registration as a registered mortgage loan originator with the NMLS in accordance with the SAFE Act and its implementing regulations.
• Satisfactory results on a criminal background check and credit report check and statements/certification regarding administrative, civil, and/or criminal findings by any government agency/authority are required by federal law.

• Domestic travel – occasional.
• International travel – never.
• Performing sedentary work –…