Mortgage Loan Originator

U.S. Bank • Washington, DC

7d

About The Position

The Mortgage Loan Originator originates mortgage loans in an assigned Non-Bank territory. The role takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval. It follows up to ensure documents needed for processing, underwriting, and closing are obtained in a timely manner from appropriate sources. Incumbents regularly make and solicit loan sales and conduct sales-related activities away from U.S. Bank locations, spending at least 50% of their time away from those locations.

Requirements

• NMLS registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z, with ongoing compliance with legal and regulatory registration requirements, including maintaining a satisfactory criminal and credit record.
• High school degree or equivalent.
• Two or more years of Mortgage, Sales, or Real Estate experience.
• Excellent communication skills and ability to analyze financial information.

Nice To Haves

• Self-starter with excellent sales ability and ability to work independently.
• Established referral base within the assigned market.
• 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, gained through on-the-job training or real estate brokerage experience.
• Familiarity with local, state, and national laws, including zoning ordinances, Truth-in-Lending, RESPA, and energy audit requirements.
• Sales-oriented.
• Two or more years of proven success in mortgage loan origination, consistently meeting or exceeding production goals.

Responsibilities

• Originate mortgage loans in an assigned Non-Bank territory.
• Take mortgage loan applications and conduct preliminary underwriting reviews.
• Submit loan applications to processing and underwriting for approval.
• Follow up to secure documents needed for processing, underwriting, and closing in a timely manner.
• Make and solicit loan sales and conduct sales-related activities away from U.S. Bank locations.

Benefits

• Healthcare coverage, including medical, dental, and 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase, 401(k) contribution, and pension, subject to eligibility requirements.

What This Job Offers

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