CRA MLO

U.S. Bank National Association • Yakima, WA

3d • $24 - $29 • Remote

About The Position

Originates Community Reinvestment Act (CRA) loans in an assigned metropolitan territory. Develops referral relationships with realtors, builders, bankers, and other sources for the purpose of originating residential loans through ongoing sales efforts. Takes mortgage applications, conducts preliminary underwriting reviews, and submits loan applications to processing. Remains the front line contact with customers and realtors for follow up documentation needed to approve and close loan. Deepen customer relationships by selling other bank products. 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 a minimum of 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
• Must be able to meet the applicable requirement of performing their duties outside of their regular place of business
• 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 Haves

• Self-starter and able to work independently
• 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
• Thorough understanding of the Community Reinvestment Act
• Established referral base within assigned market

Responsibilities

• Originates Community Reinvestment Act (CRA) loans in an assigned metropolitan territory.
• Develops referral relationships with realtors, builders, bankers, and other sources for the purpose of originating residential loans through ongoing sales efforts.
• Takes mortgage applications, conducts preliminary underwriting reviews, and submits loan applications to processing.
• Remains the front line contact with customers and realtors for follow up documentation needed to approve and close loan.
• Deepen customer relationships by selling other bank products.
• Making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations.
• Conducting their activities away from U.S. Bank locations for a minimum of 50% of their time.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED