Mortgage Loan Originator

Jobtailor; Billings (MT); On-site; USD 55,000 - 75,000; Full time

Job summary

Jobtailor in the United States is seeking a Mortgage Loan Originator to originate loans in an assigned non-bank territory. You will take applications, perform preliminary underwriting reviews, and submit files for approval with processing and underwriting.

The role requires traveling and performing sales-related activities away from bank locations, with at least 50% travel. Strong knowledge of underwriting standards and laws is expected.

Qualifications

• High school diploma or equivalent.
• Minimum one year of mortgage, sales, real estate, or banking experience.
• Ability to travel.
• 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, as gained through on the job training or some real estate brokerage experience
• 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
• 2 years of mortgage loan origination experience with proven results

Responsibilities

• 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.
• Required to spend at least 50% of their time conducting their activities away from U.S. Bank locations.

Skills

Sales ability

Travel readiness

Verbal communication

Written communication

Independent work

Financial analysis

Education

High school diploma or equivalent

Job description

Responsibilities

• 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.
• Required 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
• 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, as gained through on the job training or some real estate brokerage experience
• 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
• 2 years of mortgage loan origination experience with proven results