Mortgage Loan Officer- Chatham NJ

TD Bank•Chatham, NJ

1d•Onsite

About The Position

The Mortgage Loan Officer sells and originates residential mortgage loans to meet sales goals. The role takes residential mortgage loan applications and offers or negotiates loan terms. The officer works with prospective customers and referral sources, explains mortgage products and the application process, helps customers complete applications, and manages expectations about processing and closing timelines. The role also coordinates application materials and loan conditions with underwriting and processing, communicates loan decisions, and works with customers and other parties to move applications toward closing. The officer develops sales plans, generates referrals, participates in homebuyer and industry events, and builds knowledge of mortgage products, practices, policies, laws, and regulations through training and continuing education. This position is subject to federal requirements for loan and mortgage loan originators, including eligibility for employment with a covered financial institution and registration with the NMLS. A satisfactory criminal background check and credit report check are required. The listed work location is Chatham, New Jersey. Hours are listed as 40. Compensation information includes $15.92 per hour and a separate pay range of $11.54 per hour depending on established local minimum wage, plus commission; the posting notes that actual pay may vary based on skills, experience, location, and business needs.

Requirements

Bachelor's degree or progressive work experience in addition to the experience listed.
At least 2 years of mortgage origination experience.
Proven sales ability.
Developing knowledge of the mortgage industry, products, lending practices, and regulatory guidelines.
Strong sales and negotiation skills.
Self-directed, with the ability to plan activities to achieve sales goals.
Strong time-management skills.
Excellent verbal and written communication skills.
PC skills, including the ability to learn mortgage origination and automated underwriting systems.
Must be eligible for employment with a covered financial institution under Regulation Z.
Must be eligible for registration as a registered mortgage loan originator with the NMLS under the SAFE Act.
Satisfactory criminal background check and credit report check, and required statements or certifications regarding administrative, civil, and/or criminal findings by government agencies or authorities.

Responsibilities

Meet with prospects, including those referred by realtors, developers, attorneys, and other internal and external referral sources.
Explain available mortgage products and services and recommend options based on individual prospect needs.
Guide customers through the mortgage application process and explain required information and loan-process steps.
Ensure applications are accurately completed and include required information and supporting documentation.
Manage customer expectations regarding processing times and closing dates.
Sell and originate residential mortgage loans in accordance with company policies, procedures, and applicable legal and regulatory guidelines.
Generate referrals for mortgage sales opportunities and other company business-line products.
Develop plans to achieve sales goals with assistance from sales management.
Enter information into the mortgage loan system and create supporting files for underwriting, regulatory, and other purposes.
Send applications and required information to underwriting; underwrite loans using point-of-sale underwriting systems within the scope of authority.
Communicate loan decisions to customers and explain any additional information needed.
Submit materials to processing, clear conditions, finalize loan commitments, and prepare loans for closing.
Communicate with customers, underwriters, processors, realtors, closing agents, and others to keep the application process on track.
Attend closings as needed.
Develop knowledge of industry practices, products, policies, procedures, mortgage laws, and regulations through experienced colleagues, training, and seminars.
Participate in homebuyers' seminars, home shows, brokers' meetings, and other home-financing workshops.
Recommend changes to products, programs, and/or pricing.
Help ensure TD Bank maintains successful audits and examinations.
Handle complex mortgage needs.