Mortgage Banker

Morgan Stanley•Coppell, TX

About The Position

Mortgage Banker Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 countries, the firm is truly global-and a market leader in the U.S., Europe and Asia as well as in emerging markets. Morgan Stanley's success rests on the talents and passion of our people, who share a common set of values and bring excellence and integrity to everything they do. Morgan Stanley Private Bank, National Association (“MSPBNA”) a division within Morgan Stanley Wealth Management (MSWM). Morgan Stanley Wealth Management is one of the largest wealth management firms in the world, with more than $2 trillion in client assets and more than 16,000 financial advisors. Our financial advisors deliver tailored solutions designed to help clients achieve their financial goals. We provide individuals, families, businesses, and institutions with a wide variety of services: brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services. MSPBNA is seeking to hire candidates for the position of Vice President, Mortgage Banker for the Morgan Stanley Home Loans team. A Mortgage Banker (MB) is responsible for using in-depth industry knowledge and experience to support Financial Advisors and their clients throughout the mortgage origination process by serving as the single point of contact, delivering desired mortgage solutions and ensuring a seamless client experience from application to closing. The ideal candidate will be a subject matter expert in jumbo mortgages, complex income and assets and have a high degree of comfort engaging with affluent clients and their advisors. An individual that exhibits high energy, takes ownership, and demonstrates a collaborative proactive approach is critical for this role. Position can be based in either (a) a Wealth Management Branch Office, or our (b) Dallas, TX or (c) Tempe, AZ office or (d) Purchase, NY office.

Requirements

Requires 10+ years of Wealth Management/Private Bank mortgage lending experience.
Currently holding position of Vice President (or equivalent) or higher.
High school diploma or equivalent required.
Eligible for employment with an FDIC-insured institution and able to register with the Nationwide Mortgage Licensing System & Registry (“NMLS”) as a mortgage loan originator.
Established track record of developing and maintaining Client relationships.
Ability to meet individual and organizational loan production goals while maintaining a large client base.
Extensive knowledge of mortgage products and client service experience
In depth knowledge of the compliance regulations and laws that govern consumer mortgage lending, including fair lending, privacy, RESPA, and TRID.
Strong communication skills, both written and verbal, and interpersonal skills required.
Self-starter with a strong sense of ownership; ability to manage time, prioritize and plan accordingly.
Proficient in the use of a variety of systems for accurate reporting and tracking; including MS Office (Word, EXCEL, Outlook, PowerPoint).
Achieve high levels of Client and Financial Advisor satisfaction.
Proactively manage loan escalations as needed to ensure a timely resolution while providing enhanced client experience.

Responsibilities

Serve as the primary point of contact and Subject Matter Expert for client interactions, internal and external business partners, including Financial Advisors, their clients, and Private Bankers using a variety of communication types, including verbal (preferred) and written, in order to: Provide consultation and advise Morgan Stanley on the credit risk of high-net-worth clients (i.e., high loan amounts and complex income, asset, and vesting scenarios) and the appropriate/available products and pricing to meet the clients’ needs.
Analyze client finances to provide tailored advice to the client on various loan products and other financial solutions to meet the client’s specific needs.
Manage Client/FA/PB expectations and communication.
Coordinate with and oversee various internal/external business partners such as underwriting and credit risk to ensure timely closings.
Obtain, analyze, and validate all loan processing documents such as complex income, asset, credit, appraisal, insurance, and title documents to satisfy conditions for underwriting approval and product/pricing negotiations as necessary.
Decision Conditional Pre-Approval Letters, within policy framework, while accurately identifying the appropriate lending guidelines and conditions for loan approval.
Serve as the primary escalation point for loans in process; provide alternative solutions and discernment to escalate further when necessary; demonstrate the ability to de-escalate situations as appropriate.
Manage inbound /outbound queue, multiple call campaigns, and various bank initiatives, along with intense client follow-up.
Effectively manage a complex pipeline that includes Ultra High Net Worth and Private Wealth Management mortgage transactions.
Supervise an individual or team of Associate Mortgage Bankers, assessing performance, holding these employees accountable and recommending advancement, compensation or performance management to the Mortgage Banker Manager.
Provide training and guidance to Associate Mortgage Bankers, partners and peers as appropriate.
Ensure compliance with banking regulations and company policies.