Mortgage Loan Originator

Responsibilities

• Originates mortgage loans in an assigned metropolitan territory.
• Takes applications and 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.
• Customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations.
• Requires National Mortgage Licensing System (NMLS) registration under the S.A.F.E. Act of 2008 and Regulation Z, including a criminal background and credit check; failure to maintain satisfactory registration may result in rescission of offer or termination.

Qualifications

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

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.
• Ability to analyze financial information.
• Effective verbal and written communication skills.
• Established referral base within assigned market preferred.
• 2+ years of mortgage loan origination experience with proven results.

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

Pay Range: $20.00 - $20.00

Schedule

• This role is posted as remote; however, candidates who are located near any U.S. Bank location are required to work on site at least three days per week.
• Position requires 2 or more hours of driving per week.