Bank of America Wealth Management Lending Officer - New York, NY in New York, New York
The Wealth Management Lending Officer (WMLO) continually identifies, develops and maintains a quality network of business relationships and relationships with assigned Merrill Lynch Financial Advisors that serves as recurring source of referrals for new mortgage lending opportunities. The WMLO is aligned to a group of Merrill Lynch Financial Advisors within a Merrill Lynch Market. A WMLOs network may consist of Real Estate professionals, Builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Wealth Management Lending Officers regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations. The WMLO responds to customer inquiries and referrals that are generated from both their own contacts and from their aligned Merrill Lynch Financial Advisors. The WMLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information. The WMLO ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to HMDA requirements.
This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
Demonstrated success in prospecting, generating leads, closing business and consistently meeting/exceeding production goals
Verifiable, established network of referral business including Real Estate professionals and other centers of influence
Five years’ experience in banking with solid credit experience. Minimum of 1 year residential mortgage lending experience with a focus on generating self-sourced business
Strong background in the credit solutions (lending) area, ranging from standard to custom mortgage products and from margin and other securities-based lending to more complex and innovative secured by various collateral types
Demonstrated results in delivering credit products to an affluent / UHNW client base
Significant experience building relationships with clients
Strong computer skills including a fundamental understanding of MS applications, database management and previous experience utilizing laptop technology for communication purposes including accessing rate, credit and loan status information
Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously. Enthusiasm for assignments and the ability to meet established timelines
Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences. Professional and effective interpersonal skills
Ability to analyze and comprehend complex financial data and provide financial alternatives
Consultative skills; able to ask critical questions to identify opportunities
Creative thinker who maintains positive outlook and promotes teamwork
Must demonstrate comprehensive financial planning capabilities through assessing needs, identifying opportunities, and recommending financial solutions
Proven ability to prospect for banking debt and liquidity opportunities
Bachelor’s degree in business or related field experience
Series 7 and 63 licensing is not required but may be maintained permissively
Posting Date : 03/13/2018
New York, NY, 50 Rockefeller Plaza (NY1050),
New York, NY, GRAND CENTRAL TERMINAL BC, 200 Park Ave,
- United States
Travel : No
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
Assistance for Applicants with Disabilities
Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .
Diversity & Inclusion
At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Frequently Asked Questions
Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.