Mortgage Loan Originator

U.S. Bank•Davenport, IA

2d•Hybrid

About The Position

At U.S. Bank, we are committed to helping customers and businesses make better financial decisions and enabling communities to grow. A career with U.S. Bank offers a wide range of opportunities for professional growth. This role may be designated as U.S. home-based remote, but if the candidate resides near a U.S. Bank location, they will be expected to work onsite three or more days per week. The Mortgage Loan Originator originates mortgage loans in an assigned metropolitan territory, taking applications, conducting preliminary underwriting reviews, and submitting loan applications for approval. They are responsible for following up to ensure timely submission of required 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. This position requires National Mortgage Licensing System (NMLS) registration 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. This role has multiple levels, open to candidates with a minimum of one year of mortgage, sales, real estate, or banking experience, and the successful candidate will be hired for the level that aligns with their experience. The position requires 2 or more hours of driving per week and is located in the Quad Cities area (Davenport, Bettendorf, Rock Island, or Molina).

Requirements

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
High school diploma or equivalent
Typically at least one year of mortgage, sales, real estate, or banking experience
Ability to travel
Ability 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

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

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
Customarily and regularly engaged in making and soliciting loan sales and conducting sales-related 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