Mortgage Loan Originator

About the Role

Originates mortgage loans in an assigned Non Bank 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.

Incumbents are customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations. Incumbents are expected to spend at least 50% of their time conducting their activities away from U.S. Bank locations.

Responsibilities

• Take mortgage loan applications and conduct preliminary underwriting reviews.
• Submit loan applications to processing and underwriting for approval.
• Follow up to secure required documents for processing, underwriting, and closing in a timely manner.
• Engage in loan sales and sales-related activities, primarily outside of U.S. Bank locations.

Requirements

• High school diploma or equivalent.
• Three or more years of experience in mortgage, sales, or real estate.
• Requires National Mortgage Licensing Service (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z, including ongoing compliance with all legal or regulatory registration requirements (e.g., maintaining a satisfactory criminal and credit record).
• Must be able to meet the requirement of performing duties outside of their regular place of business.

Preferred Qualifications

• Self-starter with a thorough 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.
• Familiarity with local, state, and national laws (e.g., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements).
• Excellent communication skills and ability to analyze financial information.
• Sales-oriented with an established referral base within the assigned market.

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.

Pay

The salary range for this role is $20.00 per hour. The actual range may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).