U.S. Bank is on a journey to help customers and businesses make better financial decisions. They are seeking a Loan Originator to originate mortgage loans, conduct underwriting reviews, and manage loan applications in a designated territory.
Responsibilities
- 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
Skills
- High school diploma or equivalent
- Typically at least one year of mortgage, sales, real estate, or banking experience
- Ability to travel
- This position requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z
- You will be subject to the required registration process, which includes a criminal background and credit check
- Failure to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record, may result in a rescission of your offer or termination of employment
- This role has multiple levels, open to candidates with a minimum one year of mortgage, sales, real estate, or banking experience
- This position also requires 2 or more hours of driving per week
- 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.)
- Established referral base within assigned market preferred
- 2 years of mortgage loan origination experience with proven results
- Ability to work independently
- Ability to analyze financial information
- Effective verbal and written communication skills
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 and pension (all benefits are subject to eligibility requirements)
Company Overview
At U.S. It was founded in 1968, and is headquartered in Minneapolis, Minnesota, USA, with a workforce of 10001+ employees. Its website is http://www.usbank.com.