Community Mortgage Loan Officer- New York NY

TD Bank • New York, NY

403d • $70,096 - $70,096

About The Position

The Community Mortgage Loan Officer at TD Bank is responsible for identifying, developing, and maintaining a network of community-based organizations, realtors, and local agencies to generate mortgage lending opportunities, particularly for low-and moderate-income, multicultural, and first-time homebuyer segments. This role emphasizes the Community Reinvestment Act (CRA) and requires a deep understanding of the local affordable housing market and housing assistance programs.

Requirements

• Bachelor's degree or progressive work experience in addition to 3+ years of related experience.
• Established network of community-based organizations and agencies focused on affordable housing.
• Demonstrated sales ability and in-depth knowledge of the mortgage industry and lending practices.
• Self-directed with excellent time management skills.
• PC skills, including knowledge of mortgage origination and automated underwriting systems.
• Active registration status with NMLS (Nationwide Mortgage Licensing System and Registry).
• Minimum target annual loan originations of 48 LMI/multicultural units.

Nice To Haves

• Experience in community outreach and engagement.
• Knowledge of local housing assistance programs.
• Ability to work independently and manage multiple tasks effectively.

Responsibilities

• Identify and develop a network of community-based organizations and realtors for mortgage lending opportunities.
• Take residential mortgage loan applications and communicate underwriting decisions.
• Increase mortgage loan volume focusing on CRA, low-and moderate-income, and multicultural borrowers.
• Establish relationships with nonprofit organizations and housing offices to generate CRA mortgage opportunities.
• Represent the bank in community meetings and initiatives focused on affordable housing.
• Explain mortgage products and services, providing recommendations based on customer needs.
• Guide customers through the mortgage application process and ensure accurate completion of applications.
• Communicate regularly with customers and other stakeholders to ensure the application process proceeds smoothly.
• Inform management of progress relative to goals and seek assistance as needed.
• Sell and originate residential mortgage loans according to established policies and guidelines.
• Maintain current information on trends in the local real estate market and mortgage products.
• Maintain a growing network of referral sources and ensure they have current information on mortgage products.

Benefits

• Base salary and variable compensation/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 opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees