Mortgage Loan Originator

U.S. Bank•Las Vegas, NV

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 candidates residing near a U.S. Bank location will be expected to work onsite three 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 also involves ensuring timely collection of necessary documents for processing, underwriting, and closing. Incumbents will regularly engage in sales and 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 criminal background and credit checks. Failure to maintain NMLS registration requirements may lead to offer rescission or employment termination. This role 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 experience. Additionally, this position 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
Subject to the required NMLS registration process, which includes a criminal background and credit check
Ability to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record

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
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