Mortgage Loan Originator

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.
• Engages 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 terms of the S.A.F.E. Act of 2008 and Regulation Z.
• Subject to the required registration process, including a criminal background and credit check.
• The successful candidate will be hired for the level of the position that aligns with their experience.
• Requires 2 or more hours of driving per week.

• High school diploma or equivalent.
• Typically at least one year of mortgage, sales, real estate, or banking experience.
• Ability to travel.
• Well-developed sales ability (preferred).
• Basic knowledge of pricing and underwriting requirements of various mortgage insurance companies (preferred).
• Working knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors (preferred).
• Basic knowledge of local, state and national laws (e.g., zoning ordinances, Truth-in‑Lending, RESPA, energy audit requirements, etc.) (preferred).
• Ability to work independently (preferred).
• Ability to analyze financial information (preferred).
• Effective verbal and written communication skills (preferred).
• Established referral base within assigned market preferred.
• 2 years of mortgage loan origination experience with proven results (preferred).

• National Mortgage Licensing System (NMLS) registration.