Mortgage Loan Officer

About This Role

This role involves originating mortgage loans within an assigned non-bank territory. The officer takes applications, conducts preliminary underwriting reviews, and submits loan applications for approval, ensuring all required documents are secured promptly. This position requires regular engagement in soliciting loan sales and sales-related activities away from U.S. Bank locations, spending at least 50% of the time off-site.

Responsibilities

• Originate mortgage loans in an assigned non-bank territory
• Take 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
• Engage in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations for at least 50% of the time

Requirements

• High school diploma or equivalent
• Typically at least one year of mortgage, sales, real estate, or banking experience
• Ability to travel
• National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z

Nice to have:

• 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

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
• Incentive and recognition programs
• Equity stock purchase
• Pension