Mortgage Loan Originator

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

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

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 and ongoing compliance with all legal or regulatory registration requirements, including, but not limited to maintaining a satisfactory criminal and credit record; Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies

Nice to have

Self-starter; 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, as gained through on the job training or some real estate brokerage experience; Familiar with local, state and national laws (e.g. zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.); Excellent communication skills, and ability to analyze financial information; Sales oriented; Incumbent must be able to meet the applicable requirement of performing their duties outside of their regular place of business; Established referral base within 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; incentive and recognition programs; equity stock purchase 401(k) contribution; pension