Mortgage Loan Officer- New York NY
$24,003,200–$24,003,200 year
On-siteNew York, United States
Job Summary
Meet with prospects identified directly or referred by realtors, developers, and attorneys to sell and originate residential mortgage loans. Explain mortgage products, guide customers through the application process, and ensure applications are completed accurately with required documentation. Underwrite loans using point-of-sale systems within scope of authority, communicate decisions to customers, and submit materials to processing to clear conditions and finalize commitments. Develop plans to achieve sales goals, generate referrals, and attend closings as needed while maintaining knowledge of industry practices and regulatory guidelines.
Required Qualifications
- Bachelors degree or progressive work experience
- 2+ Years of mortgage origination experience
- Proven Sales ability
- Developing knowledge of mortgage industry, products, lending practices and regulatory guidelines
- Maintains the highest level of sales ability and negotiation skills
- Self-directed, ability to plan own activities to achieve sales goals
- Strong time management skills
- Excellent communication skills, both verbal and written
- PC skills, including ability to learn mortgage origination and automated underwriting systems
- 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
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