Community Mortgage Loan Officer- Washington DC

Community Mortgage Loan Officer- Washington DCWork Location: Washington, District of Columbia, United States of AmericaHours: 40Pay Details: $33.70 - $33.70 USDTD 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 candidate/'s 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: Personal & Commercial BankingThe 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 & ScopeTakes residential mortgage loan applications and communicates underwriting decisions, including offers and/or counter offers of residential mortgage productsIncreases mortgage loan volume, focusing on CRA, low-and moderate-income, and multicultural borrowers through effective selling of the Bank/'s products and programs; researches organizations and agencies within assigned geographic area which are focused on providing services to low and moderate income persons and communitiesEstablishes 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 opportunitiesRepresents 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 personsExplains 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 salesSells other Company products and services as appropriateGuides 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 customersCommunicates 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 neededInforms 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 neededSells and originates residential mortgage loans according to established policies, procedures and applicable legal and regulatory guidelinesCommunicates 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 closingMaintains 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 productsMaintains 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 servicesEnters 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 areaEducation & ExperienceBachelor/'s degree or progressive work experience in addition to experience below3+ years related experience requiredGrowing network of outside contacts to generate quality referral businessSelf-directed, ability to plan own activities to achieve sales goalsExcellent time management skillsPC skills, including knowledge of mortgage origination and automated underwriting systemsEmployee 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 educationDemonstrated sales abilityIn-depth knowledge of mortgage industry, products, lending practices and regulatory guidelinesGrowing network of outside contacts to generate referral flowMinimum target annual loan originations of 48 LMI/multicultural unitsOCC LanguageThis 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 1007Must 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 1026.36Must 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 1007Satisfactory 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 positionPhysical RequirementsDomestic Travel – OccasionalInternational Travel – NeverPerforming sedentary work – ContinuousPerforming multiple tasks – ContinuousOperating standard office equipment - ContinuousResponding quickly to sounds – OccasionalSitting – ContinuousStanding – OccasionalWalking – OccasionalMoving safely in confined spaces – OccasionalLifting/Carrying (under 25 lbs.) – OccasionalLifting/Carrying (over 25 lbs.) – NeverSquatting – OccasionalBending – OccasionalKneeling – NeverCrawling – NeverClimbing – NeverReaching overhead – NeverReaching forward – OccasionalPushing – NeverPulling – NeverTwisting – NeverConcentrating for long periods of time – ContinuousApplying common sense to deal with problems involving standardized situations – ContinuousReading, writing and comprehending instructions – ContinuousAdding, subtracting, multiplying and dividing – ContinuousThe 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 world/'s leading global financial institutions and is the fifth largest bank in North America by branches/stores. We are committed to equal opportunity and a diverse, inclusive work environment. If you are an applicant with a disability and need accommodations, please email TD Bank US Workplace Accommodations Program at . #J-18808-Ljbffr

Created: 2025-10-08