Mortgage Loan Officer

U.S. Bank•Beverly Hills, CA

4d•Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. This position involves originating mortgage loans in an assigned non-bank territory, taking applications, conducting preliminary underwriting reviews, and submitting loan applications for approval. The role also requires following up to ensure timely securing of necessary documents for processing, underwriting, and closing. Incumbents are regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations, with an expectation to spend at least 50% of their time off-site. National Mortgage Licensing System (NMLS) registration is required under the S.A.F.E. Act of 2008 and Regulation Z, which includes a criminal background and credit check. Failure to meet or maintain NMLS registration requirements may result in rescission of the offer or termination of employment.

Requirements

High school diploma or equivalent
Typically at least one year of mortgage, sales, real estate, or banking experience
Ability to travel
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, which includes a criminal background and credit check

Nice To Haves

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, as gained through on the job training or some real estate brokerage experience
Basic knowledge of local, state and national laws (e.g., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.)
Ability to work independently
Ability to analyze financial information
Effective verbal and written communication skills
Established referral base within assigned market preferred

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
Customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations
Expected to spend at least 50% of their time conducting their activities away from U.S. Bank locations

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
Pension