Mortgage Loan Originator

Job Description

Origins mortgage loans in an assigned metropolitan territory. Takes applications, conducts preliminary underwriting reviews, submits loan applications to processing and underwriting for approval. Follows-up to ensure that documents required for processing, underwriting, and closing are secured in a timely manner from appropriate sources.

• Takes applications
• Conducts preliminary underwriting reviews
• Sends loan applications to processing and underwriting for approval
• Follows-up to secure required documents

Qualifications

• High school diploma or equivalent
• Typically at least one year of mortgage, sales, real estate, or banking experience

Preferred Skills/Experience

• Well-developed sales ability
• Basic knowledge of pricing and underwriting requirements of various mortgage insurance companies
• Working knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors
• Basic knowledge of local, state and national laws (e.g. zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.)
• Ability to work independently
• Effective verbal and written communication skills
• Established referral base within assigned market preferred

Location Expectations

• This role may be designated as U.S. home-based remote.
• If the selected candidate resides near a U.S. Bank location, they will be expected to work onsite three (3) or more days per week.
• If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law