Mortgage Loan Originator

U.S. Bank•Milwaukee, WI

4d•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 selected candidate resides near a U.S. Bank location, they will be expected to work onsite three (3) or more days per week. The Mortgage Loan Originator is responsible for originating mortgage loans within an assigned metropolitan territory. This includes taking applications, conducting preliminary underwriting reviews, and submitting loan applications for approval. The role requires diligent follow-up to ensure all necessary documents for processing, underwriting, and closing are secured promptly. Incumbents will regularly engage in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations. National Mortgage Licensing System (NMLS) registration is mandatory under the S.A.F.E. Act of 2008 and Regulation Z, involving a criminal background and credit check. Failure to maintain NMLS registration requirements may lead to rescission of the offer or termination. This position has multiple levels, open to candidates with a minimum of one year of mortgage, sales, real estate, or banking experience, with the final level determined by the candidate's experience. The position also requires 2 or more hours of driving per week.

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
Ability to meet or maintain NMLS registration requirements, including maintaining a satisfactory criminal and credit record
Ability to drive 2 or more hours per week

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

Responsibilities

Originate mortgage loans in an assigned metropolitan territory
Take applications
Conduct preliminary underwriting reviews
Submit loan applications to processing and underwriting for approval
Follow-up to ensure that documents required for processing, underwriting, and closing are secured in a timely manner from appropriate sources
Engage in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations
Maintain National Mortgage Licensing System (NMLS) registration

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