Mortgage Loan Originator

Mortgage Loan Originator Job Description

This role may be designated as U.S. home-based remote; if the selected candidate resides near a U.S. Bank location, they will be expected to work onsite three (3) or more days per week.

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. Customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations.

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 and is open to candidates with at least one year of mortgage, sales, real estate, or banking experience.

It requires 2 or more hours of driving per week.

Basic qualifications include:

• High school diploma or equivalent.
• At least one year of mortgage, sales, real estate, or banking experience.
• Ability to travel.

Preferred skills and experience:

• 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).
• Ability to work independently.
• Ability to analyze financial information.
• Effective verbal and written communication skills.
• Established referral base within assigned market preferred.
• Two years of mortgage loan origination experience with proven results.

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That is why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• 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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, 401(k) contribution and pension (all benefits are subject to eligibility requirements).