Mortgage Loan Originator

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

About the role

Originates 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. Incumbents are customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations, spending at least 50% of their time away from U.S. Bank locations. This role has multiple levels, open to candidates with a minimum one year of mortgage, sales, real estate, or banking experience; the successful candidate will be hired for the level that aligns with their experience. This position also requires 2 or more hours of driving per week.

Responsibilities

• Originate mortgage loans in an assigned metropolitan territory
• Take applications and conduct preliminary underwriting reviews
• Submit loan applications to processing and underwriting for approval
• Follow up to secure documents required for processing, underwriting, and closing in a timely manner
• Make and solicit loan sales and conduct sales-related activities away from U.S. Bank locations (at least 50% of time)
• Drive 2+ hours per week as required by the role

Requirements

• National Mortgage Licensing Service (NMLS) registration under the S.A.F.E. Act of 2008 and Regulation Z, with ongoing compliance with all legal or regulatory registration requirements (including maintaining a satisfactory criminal and credit record)
• High school degree or equivalent
• Two or more years of Mortgage, Sales, or Real Estate experience

Qualifications

• Self-starter with excellent sales ability and ability to work independently
• Established referral base within assigned market
• 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 (gained through on-the-job training or real estate brokerage experience)
• 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
• 2+ years of proven success in mortgage loan origination, consistently meeting or exceeding production goals

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 one of our locations would be required to work on site at least three days per week. The position also requires 2 or more hours of driving per week.