TD
Community Mortgage Loan Officer- Washington DC
TD, Washington, District of Columbia, us, 20022
Community Mortgage Loan Officer – Washington DC
Community Mortgage Loan Officer with TD builds relationships with community-based organizations, Realtors, and local state and government agencies to generate mortgage lending opportunities, focusing on CRA, low‑and‑moderate‑income, multicultural and first‑time homebuyer segments.
Location Washington, District of Columbia, United States
Hours Full‑time, 40 hours per week.
Pay Hourly rate: $33.70 (base pay; actual rate may vary by skill, experience, and business needs).
Line of Business Personal and Commercial Banking Services.
Job Description The Community Mortgage Loan Officer identifies, develops and maintains a quality network of community‑based organizations, Realtors, and local state and government agencies that serve as a recurring source of referrals for 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 officer has 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 bank's products and programs; researches organizations and agencies within assigned geographic area that provide services to low‑and moderate‑income persons and communities
Establishes 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., focusing on services for low‑and moderate‑income persons
Explains the variety of mortgage products and services available and offers recommendations based on 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 required information and delivers required disclosures; ensures applications are completed accurately and contain necessary 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 the application process proceeds as planned; coordinates any additional information requests and clarifications to keep the process 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 the processing area to clear any conditions to finalize the loan commitment and prepare for closing
Maintains current information on trends and developments in the local real estate market, as well as policies, procedures, rules and regulations related to retail mortgage products
Maintains a 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 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
Bachelor's 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 under Regulation Z of the Truth in Lending Act and the definition of Mortgage Loan Originator under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act)
Eligible for employment with a covered financial institution under Regulation Z standards
Eligible for registration as a registered mortgage loan originator with the NMLS under the SAFE Act
Satisfactory results on a criminal background check and a credit report check; statements/certification from the applicant regarding administrative, civil, or criminal findings by any government agency 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 – OccasionalPushing – 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
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. Every day, we deliver legendary customer experiences to over 27 million households and businesses. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
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, health and well‑being benefits, retirement programs, paid time off, banking benefits, career development and reward and recognition programs.
Additional Information We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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.
Training & Onboarding We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process We’ll 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 USWAPTDO@td.com.
Job Details Seniority level: Mid‑Senior level • Employment type: Full‑time • Job function: Finance and Sales • Industries: Banking.
Contact & Referral Referrals increase your chances of interviewing at TD by 2x. Get notified about new Mortgage Loan Officer jobs in Washington, DC.
#J-18808-Ljbffr
Location Washington, District of Columbia, United States
Hours Full‑time, 40 hours per week.
Pay Hourly rate: $33.70 (base pay; actual rate may vary by skill, experience, and business needs).
Line of Business Personal and Commercial Banking Services.
Job Description The Community Mortgage Loan Officer identifies, develops and maintains a quality network of community‑based organizations, Realtors, and local state and government agencies that serve as a recurring source of referrals for 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 officer has 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 bank's products and programs; researches organizations and agencies within assigned geographic area that provide services to low‑and moderate‑income persons and communities
Establishes 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., focusing on services for low‑and moderate‑income persons
Explains the variety of mortgage products and services available and offers recommendations based on 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 required information and delivers required disclosures; ensures applications are completed accurately and contain necessary 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 the application process proceeds as planned; coordinates any additional information requests and clarifications to keep the process 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 the processing area to clear any conditions to finalize the loan commitment and prepare for closing
Maintains current information on trends and developments in the local real estate market, as well as policies, procedures, rules and regulations related to retail mortgage products
Maintains a 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 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
Bachelor's 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 under Regulation Z of the Truth in Lending Act and the definition of Mortgage Loan Originator under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act)
Eligible for employment with a covered financial institution under Regulation Z standards
Eligible for registration as a registered mortgage loan originator with the NMLS under the SAFE Act
Satisfactory results on a criminal background check and a credit report check; statements/certification from the applicant regarding administrative, civil, or criminal findings by any government agency 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 – OccasionalPushing – 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
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. Every day, we deliver legendary customer experiences to over 27 million households and businesses. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
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, health and well‑being benefits, retirement programs, paid time off, banking benefits, career development and reward and recognition programs.
Additional Information We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll 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.
Training & Onboarding We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.
Interview Process We’ll 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 USWAPTDO@td.com.
Job Details Seniority level: Mid‑Senior level • Employment type: Full‑time • Job function: Finance and Sales • Industries: Banking.
Contact & Referral Referrals increase your chances of interviewing at TD by 2x. Get notified about new Mortgage Loan Officer jobs in Washington, DC.
#J-18808-Ljbffr