Community Mortgage Loan Officer- East Coast

Work Location:

Laurel, Maryland, United States of America

Hours:

40

Pay Details:$28.85 - $33.66 USDTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Personal & Commercial Banking

Job Description:

The Community Mortgage Loan Officer identifies, develops and maintains a quality network of community-based organizations, Realtors, and local state/government agencies that serves as a recurring source of referrals of new mortgage lending opportunities with an emphasis on the Community Reinvestment Act (CRA), Low-and Moderate-Income (LMI), Multicultural and First Time Homebuyer customer segments. The individual would have an extensive understanding of the local Affordable Housing Market, Housing Assistance Programs, and experience providing thoughtful mortgage lending solutions and guidance to low-and moderate-income, Multicultural and First Time Home buyers.

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Depth & Scope:

Takes residential mortgage loan applications and communicates underwriting decisions, including offers and/or counter offers of residential mortgage products Increases mortgage loan volume, focusing on CRA, low-and moderate-income, and multicultural borrowers through effective selling of the Bank's products and programs;
Researches organizations and agencies within assigned geographic area which are focused on providing services to low and moderate income persons and communities

Establishes through direct outreach efforts, relationships with nonprofit organizations, realtors, state and local housing offices, and community-based affordable housing organizations to generate and increase CRA mortgage opportunities

Represents the bank in community-based meetings and initiatives such as housing seminars, financial literacy programs, affordable housing conferences, etc., which have the primary focus of providing services to low-and moderate-income persons

Explains variety of mortgage products and services available and offers recommendations based on evaluation of individual prospect needs;
Communicates terms and conditions of loans and finalizes sales

Sells other Company products and services as appropriate

Guides customers through the mortgage application process;
Explains information required and delivers required disclosures and other information to customers;
Ensures applications are completed accurately and contain required information and supporting documentation;
Manages expectations regarding processing times and closing dates together with customers

Communicates regularly with customers, underwriters, processors, realtors, closing agents and others to ensure application process proceeds as planned;
Coordinates any additional information requests, clarifications and other problem solving as needed so that process remains on schedule;
Attends closings as needed

Informs management of progress relative to goals on a regular basis and asks for assistance as needed to finalize sales, for training and for other issues as needed

Sells and originates residential mortgage loans according to established policies, procedures and applicable legal and regulatory guidelines

Communicates loan decisions directly to customers, explains any additional information needed and submits application materials and other required information to processing area to clear any conditions to finalize the loan commitment and prepare for closing

Maintains current information on the trends and developments in the local real estate market, as well as policies, procedures, rules and regulations related to retail mortgage products Maintains growing network of outside referral sources in assigned territory, such as real estate brokers, builders, attorneys, accountants, financial planners and other business professionals;
Continues researching market, identifying individuals and organizations likely to produce referrals and developing…