Non Bank MLO

U.S. Bank National Association • OH

117d • $20 - $20

About The Position

Originates mortgage loans in an assigned non-bank 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. Incumbents are customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations. Incumbents are expected to spend at least 50% of their time conducting their activities away from U.S. Bank locations.

Requirements

• High school diploma or equivalent.
• Minimum one year of mortgage, sales, real estate, or banking experience.
• Ability to travel.

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 preferred.

Responsibilities

• Originate mortgage loans in an assigned non-bank territory.
• Take applications and conduct preliminary underwriting reviews.
• Submit loan applications to processing and underwriting for approval.
• Follow-up to ensure that required documents for processing, underwriting, and closing are secured in a timely manner.
• Engage 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

What This Job Offers

• Job Type: Full-time
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees