New Market Mortgage Loan Originator

Overview

This role originates mortgage loans in an assigned metropolitan territory. Duties include taking applications, conducting preliminary underwriting reviews, submitting loan applications for processing and underwriting approval, and coordinating document collection to support timely processing, underwriting, and closing.

The position involves frequent customer/sales activities away from office locations—incumbents are expected to spend at least 50% of their time conducting activities away from U.S. Bank locations. The role also requires 2 or more hours of driving per week.

Responsibilities

• Originate mortgage loans in an assigned metropolitan territory
• Take mortgage applications
• 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 from appropriate sources
• Conduct loan sales activities and related sales work away from U.S. Bank locations
• Regularly make and solicit loan sales in the assigned territory

Required Qualifications

• NMLS registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z, with ongoing compliance with all legal or regulatory registration requirements (including maintaining a satisfactory criminal and credit record)
• High school degree or equivalent
• 2 years of Mortgage, Sales, or Real Estate experience

Preferred Qualifications

• 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 (as gained through on the job training or some real estate brokerage experience)
• Familiarity with local, state and national laws (e.g., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.)
• Excellent communication skills and ability to analyze financial information
• Sales-oriented
• 2+ years of proven success in mortgage loan origination, consistently meeting or exceeding production goals

Compensation & Benefits

Pay Range: $20.00 - $20.00

Benefits include:

• 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

Incentive and recognition programs and additional retirement/equity-related offerings may be available, subject to eligibility requirements.

Location

This role is designated as U.S. home-based remote.

Additional Information

• Applicants must be able to comply with workplace policies and procedures, including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
• Background checks are conducted consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. The employer is also subject to, and conducts background checks consistent with, the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA).
• Certain positions may also be subject to requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement.
• Posting may be closed earlier due to high volume of applicants.
• The employer 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.
• Qualified applicants will be considered without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, veteran status, and other factors protected under applicable law.