mlo-CP

U.S. Bank•Los Gatos, CA

About The Position

U.S. Bank is hiring a mortgage loan originator to originate mortgage loans in an assigned metropolitan territory. The role takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing and underwriting for approval. It follows up to secure documents needed for processing, underwriting, and closing from appropriate sources in a timely manner. Incumbents are customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations.

Requirements

Maintain National Mortgage Licensing Service (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z, and ongoing compliance with legal and regulatory registration requirements, including maintaining a satisfactory criminal and credit record.
High school diploma or equivalent.
One or more years of mortgage, sales, real estate, or banking experience.
Ability to travel.

Nice To Haves

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, including zoning ordinances, Truth-in-Lending, RESPA, and energy audit requirements.
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 mortgage loan applications and conduct preliminary underwriting reviews.
Submit loan applications to processing and underwriting for approval.
Follow up to ensure documents required for processing, underwriting, and closing are secured 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 coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of 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.