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; Makes and solicits loan sales and conducts sales-related activities away from U.S. Bank locations, spending at least 50% of time away from U.S. Bank locations

Requirements

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 maintaining a satisfactory criminal and credit record; High school degree or equivalent; Two or more years of Mortgage, Sales, or Real Estate experience

Nice to have

Self-starter, have excellent sales ability, and be able 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, 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; 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; Incentive and recognition programs; Equity stock purchase