Community Mortgage Loan Officer- Washington DC

Work Location:

Hours:

Pay Details:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Job Description:

The Community Mortgage Loan Officer identifies develops and maintains a quality network of community-based organizations Realtors and local state/government agencies that serves as a recurring source of referrals of new mortgage lending opportunities with an emphasis on the Community Reinvestment Act (CRA) Low-and Moderate-Income (LMI) Multicultural and First Time Homebuyer customer segments. The individual would have an extensive understanding of the local Affordable Housing Market Housing Assistance Programs and experience providing thoughtful mortgage lending solutions and guidance to low-and moderate-income Multicultural and First Time Homebuyers.

Depth & Scope:

• Takes residential mortgage loan applications and communicates underwriting decisions including offers and/or counter offers of residential mortgage products
• Increases mortgage loan volume focusing on CRA low-and moderate-income and multicultural borrowers through effective selling of the Banks products and programs; Researches organizations and agencies within assigned geographic area which are focused on providing services to low and moderate income persons and communities
• Establishes through direct outreach efforts relationships with nonprofit organizations realtors state and local housing offices and community-based affordable housing organizations to generate and increase CRA mortgage opportunities
• Represents the bank in community-based meetings and initiatives such as housing seminars financial literacy programs affordable housing conferences etc. which have the primary focus of providing services to low-and moderate-income persons
• Explains variety of mortgage products and services available and offers recommendations based on evaluation of individual prospect needs; Communicates terms and conditions of loans and finalizes sales
• Sells other Company products and services as appropriate
• Guides customers through the mortgage application process; Explains information required and delivers required disclosures and other information to customers; Ensures applications are completed accurately and contain required information and supporting documentation; Manages expectations regarding processing times and closing dates together with customers
• Communicates regularly with customers underwriters processors realtors closing agents and others to ensure application process proceeds as planned; Coordinates any additional information requests clarifications and other problem solving as needed so that process remains on schedule; Attends closings as needed
• Informs management of progress relative to goals on a regular basis and asks for assistance as needed to finalize sales for training and for other issues as needed
• Sells and originates residential mortgage loans according to established policies procedures and applicable legal and regulatory guidelines
• Communicates loan decisions directly to customers explains any additional information needed and submits application materials and other required information to processing area to clear any conditions to finalize the loan commitment and prepare for closing
• Maintains current information on the trends and developments in the local real estate market as well as policies procedures rules and regulations related to retail mortgage products
• Maintains growing network of outside referral sources in assigned territory such as real estate brokers builders attorneys accountants financial planners and other business professionals; Continues researching market identifying individuals and organizations likely to produce referrals and developing relationships to increase the referral flow; Ensures referral sources have current information on mortgage products and services
• Enters information into mortgage loan system so that loans will appear accurately in the pipeline; Creates supporting files with backup and explanatory documentation and information for underwriting regulatory and other purposes; Sends application and other required information to underwriting area

Education & Experience:

• Bachelors degree or progressive work experience in addition to experience below
• 3 years related experience required
• Growing network of outside contacts to generate quality referral business
• Self-directed ability to plan own activities to achieve sales goals
• Excellent time management skills
• PC skills including knowledge of mortgage origination and automated underwriting systems
• Employee must maintain an active registration status with NMLS (Nationwide Mortgage Licensing System and Registry)
• Established network of community-based organizations municipalities and agencies whose primary focus is affordable housing and first time home buyer education
• Demonstrated sales ability
• In-depth knowledge of mortgage industry products lending practices and regulatory guidelines
• Growing network of outside contacts to generate referral flow
• Minimum target annual loan originations of 48 LMI/multicultural units

OCC Language:

• This position falls within the definition of Loan Originator as defined under Regulation Z of the Truth in Lending Act 12 CFR Part 1026.36 and the definition of Mortgage Loan Originator as defined under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) 12 U.S.C. 5102 et seq. and its implementing regulations 12 CFR Part 1007
• Must be eligible for employment with a covered financial institution under the standards established by Regulation Z of the Truth in Lending Act 12 CFR Part 1026.36
• Must be eligible for registration as a registered mortgage loan originator with the NMLS (Nationwide Mortgage Licensing System and Registry) in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) 12 U.S.C. 5102 et seq. and its implementing regulations 12 CFR Part 1007
• Satisfactory results on a criminal background check and a credit report check and statements/certification from job applicant regarding administrative civil and/or criminal findings by any government agency/authority are required by federal law for this position

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel Occasional
• International Travel Never
• Performing sedentary work Continuous
• Performing multiple tasks Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds Occasional
• Sitting Continuous
• Standing Occasional
• Walking Occasional
• Moving safely in confined spaces Occasional
• Lifting/Carrying (under 25 lbs.) Occasional
• Lifting/Carrying (over 25 lbs.) Never
• Squatting Occasional
• Bending Occasional
• Kneeling Never
• Crawling Never
• Climbing Never
• Reaching overhead Never
• Reaching forward Occasional
• Pushing Never
• Pulling Never
• Twisting Never
• Concentrating for long periods of time Continuous
• Applying common sense to deal with problems involving standardized situations Continuous
• Reading writing and comprehending instructions Continuous
• Adding subtracting multiplying and dividing Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are:
TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we deliver legendary customer experiences to over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to the Bank those we serve and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers communities and colleagues.

TD is deeply committed to being a leader in customer experience that is why we believe that all colleagues no matter where they work are customer facing. As we build our business and deliver on our strategy we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether youve got years of banking experience or are just starting your career in financial services we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs were here to support you towards your goals. As an organization we keep growing and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g. eligibility for cash and/or equity incentive awards generally through participation in an incentive plan) and several other key plans such as 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 and reward and recognition. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience or you want to coach and inspire your colleagues there are many different career paths within our organization at TD and were committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age disability status as a protected veteran or any other characteristic protected under applicable federal state or local law.

If you are an applicant with a disability and need accommodations to complete the application process please email TD Bank US Workplace Accommodations Program at . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.