Mortgage Loan Officer- Coral Gables, FL

TD Bank • Coral Gables, FL

23h

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 meets with prospective customers, explains available mortgage products and services, recommends options based on customer needs, and guides customers through the application process. The officer ensures applications and supporting documentation are accurate, manages customer expectations about processing and closing timelines, and communicates with customers and other parties throughout the loan process.

The role enters loan information into mortgage systems, creates supporting files, sends materials to underwriting and processing, underwrites loans within the scope of authority using point-of-sale systems, communicates decisions and additional requirements, finalizes loan commitments, and prepares loans for closing. The officer develops and pursues sales goals, generates referrals, attends closings as needed, participates in homebuyer and industry events, and maintains knowledge of mortgage products, practices, laws, regulations, and internal policies. The position also recommends changes to products, programs, or pricing and supports successful audits and examinations.

This is a loan-originator role subject to applicable Regulation Z and SAFE Act requirements. Eligibility for employment with a covered financial institution and registration as a mortgage loan originator with the NMLS are required, along with satisfactory criminal-background and credit-report checks and required applicant statements or certifications. The position is based in Coral Gables, Florida. The posting gives pay details of $15.00 per hour and separately states a pay range of $11.54 per hour, depending on established local minimum wage, plus commission.

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 and the ability to learn mortgage origination and automated underwriting systems.
• Must be eligible for employment with a covered financial institution under applicable Regulation Z standards.
• Must be eligible for NMLS registration as a mortgage loan originator under the SAFE Act and implementing regulations.
• Satisfactory criminal background check and credit report check, and required statements or certifications regarding administrative, civil, or criminal findings by a government agency or authority.

Responsibilities

• Meet with prospective customers identified directly or referred by realtors, developers, attorneys, and other internal or external sources.
• Explain mortgage products and services and recommend options based on individual customer needs.
• Guide customers through mortgage applications and explain required information and the loan process.
• Ensure applications are accurate and contain required information and supporting documentation.
• Manage customers’ expectations regarding processing times and closing dates.
• Sell and originate residential mortgage loans in accordance with company policies, legal requirements, and regulatory guidelines.
• Generate referrals for mortgage sales opportunities and other company business-line products.
• Develop a plan to achieve sales goals with assistance from sales management.
• Enter information into the mortgage loan system and maintain accurate pipeline records.
• Create supporting files and documentation for underwriting, regulatory, and other purposes.
• Send application materials and required information to underwriting.
• Underwrite loans using point-of-sale underwriting systems within the scope of authority.
• Communicate loan decisions and explain additional information needed to customers.
• Submit materials to processing to clear conditions, finalize loan commitments, and prepare for closing.
• Communicate regularly with customers, underwriters, processors, realtors, closing agents, and others to keep applications on track.
• Attend closings as needed.
• Develop knowledge of industry practices and trends, company products and services, mortgage laws and regulations, and retail mortgage policies and procedures through training and education.
• Participate in homebuyer seminars, home shows, brokers’ meetings, and other home-financing workshops.
• Recommend changes to products, programs, or pricing.
• Help ensure TD Bank maintains successful audits and examinations.

Benefits

• 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
• Reward and recognition
• Variable compensation or incentive awards, potentially including cash and/or equity awards
• Training and onboarding
• Access to an online learning platform and mentoring programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level