Mortgage Specialist
Mortgage Specialist
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Job Description
Associate Mortgage Specialist
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 Stanleys 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 16000 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 Associate Mortgage Specialist for the Morgan Stanley Home Loans team. As a Mortgage Specialist (MS) you will use your in-depth industry knowledge and experience to provide excellent client experience to our Financial Advisors and their wealth management clients throughout the home loans mortgage origination cycle.
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 pro-active approach is critical for this role.
Position can be based: (a) in our Dallas TX office or (b) Tempe AZ office
Job Description/Position Responsibilities:
- Serve as primary point of contact for client interactions internal and external business partners includingFinancial Advisors their clients and Private Bankers
- Embrace the Morgan Stanley core value of Putting Clients First by listening to client needs; understanding the loan transaction; managing expectations; and providing transparent client/partner communication and timely updates throughout the overall mortgage loan process
- Act as the initial 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 and oversee the pipeline to ensure all loans are progressing in accordance with established expectations
- Request review and validate all loan processing documents such as income credit appraisal insurance and title
- Coordinate with various processing underwriting credit risk and other internal/external business partners to complete fulfillment and ensure timely closings
- Provide comprehensive reviews and recommend solutions/options regarding credit risk of high-net-worth clients (i.e. complex income asset and vesting scenarios)
- Obtain and review documents to satisfy conditions for underwriting approval and product/pricing negotiations as necessary
- Provide perspective and feedback relative to client experience enhancements and process efficiencies
Qualifications
- 4-8 years of relevant mortgage experience (Sales and Operations preferred)
- Experience in Client Relationship Management roles
- Established track record of developing and maintaining Client relationships in a Sales or Operational setting
- Proven track record of meeting individual and organizational loan production goals while maintaining a large client base
- High school diploma or equivalent required
- Wealth Management/Private Banking experience preferred
- 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
Skills/Abilities:
- 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 an enhanced client experience
- Effectively manage a pipeline that includes Core (<$2M) and/or Employee Loan Transactions
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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Morgan Stanleys goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race color religion creed age sex sex stereotype gender gender identity or expression transgender sexual orientation national origin citizenship disability marital and civil partnership/union status pregnancy veteran or military service status genetic information or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Required Experience:
Unclear Seniority
Employment Type
Full-Time
