Mortgage Loan Officer- Coral Gables, FL

TD•Coral Gables, FL

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 prospects and customers, explains mortgage products and the application process, manages expectations, and coordinates applications through underwriting, processing, and closing. The position also develops sales referrals and product knowledge, participates in mortgage education and industry events, recommends product or pricing changes, and helps ensure successful audits and examinations. The role is based in Coral Gables, Florida, and is listed at 40 hours. Compensation is described as $15.00 per hour in the pay details and, in the job description, as a pay range beginning at $11.54 per hour depending on local minimum wage, plus commission. The offered base pay may vary with skills, experience, location, and business needs.

Requirements

Bachelor’s degree or progressive work experience in addition to the stated experience requirement.
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 ability 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 the applicable Regulation Z standards.
Must be eligible for registration as a registered mortgage loan originator with the NMLS under the SAFE Act.
Satisfactory criminal background and credit report checks, and required applicant statements or certifications regarding administrative, civil, or criminal findings by a government agency or authority.

Responsibilities

Meet with prospects identified directly and those referred by realtors, developers, attorneys, and other internal or external referral sources.
Explain available mortgage products and services and recommend options based on prospects’ needs.
Guide customers through the mortgage application process and explain required information and other aspects of the loan process.
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 according to established policies, procedures, and applicable legal 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 loan information into the mortgage loan system so loans appear accurately in the pipeline.
Create supporting files with backup and explanatory documentation 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 application materials to processing, clear conditions, finalize loan commitments, and prepare loans for closing.
Communicate regularly 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 and trends, Company products and services, and mortgage laws and regulations through experienced colleagues, continuing education, and seminars.
Develop knowledge of policies, procedures, rules, and regulations related to retail mortgage products.
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.
Handle complex mortgage needs.