Mortgage Loan Originator

U.S. Bank•Bellingham, WA

About The Position

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

Requirements

Maintain National Mortgage Licensing Service (NMLS) registration under the S.A.F.E. Act of 2008 and Regulation Z, and comply with ongoing 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.
Spend at least 50% of work time conducting sales-related activities away from U.S. Bank locations.

Nice To Haves

Be a self-starter with excellent sales ability and the 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, such as zoning ordinances, Truth-in-Lending, RESPA, and energy audit requirements.
Excellent communication skills and ability to analyze financial information.
Sales-oriented MLO.
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.
Conduct preliminary underwriting reviews.
Submit loan applications to processing and underwriting for approval.
Follow up to secure documents needed for processing, underwriting, and closing.
Solicit and make loan sales and conduct related sales activities away from U.S. Bank locations.

Benefits

Healthcare, including medical, dental, and vision coverage.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and an 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.