Mortgage Loan Originator

U.S. Bank; United (PA); Hybrid; USD 36,000 - 44,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation

Job summary

U.S. Bank is seeking a Mortgage Loan Originator who will originate mortgage loans in a designated non-bank territory. This role demands engagement in loan activities primarily away from bank locations while adhering to NMLS registration requirements under the S.A.F.E. Act.

The ideal candidate will have at least a high school diploma, one year of banking or sales experience, and the ability to communicate effectively. Benefits include healthcare, a 401(k) plan, and paid vacation.

Qualifications

• Minimum one year of mortgage, sales, real estate, or banking experience.
• Ability to analyze financial information.
• 2 years of mortgage loan origination experience with proven results.

Responsibilities

• Originates mortgage loans in an assigned non-bank territory.
• Conducts preliminary underwriting reviews.
• Follows up to secure required documents timely.

Skills

Sales ability

Financial analysis

Communication skills

Ability to travel

Education

High school diploma or equivalent

Job description

Job Description

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.

This position requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z. You will be subject to the required registration process, which includes a criminal background and credit check. Failure to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record, may result in a rescission of your offer or termination of employment.

Basic Qualifications

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

Preferred Skills/Experience

• 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 or more hours of driving per week
• 2 years of mortgage loan origination experience with proven results
• Remote role: candidates located near any one of our locations required to work on site at least three days per week

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

Pay Range

Pay Range: $20.00 - $20.00

E‑Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

Equal Opportunity Employer

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.