U.S. Bank is on a journey to help customers and businesses make better financial decisions. The New Market MLO role involves originating mortgage loans, conducting underwriting reviews, and ensuring timely documentation for processing and closing.
Responsibilities
- Originates mortgage loans in an assigned metropolitan 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
Skills
- 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
- 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.)
- Established referral base within assigned market preferred
- 2 years of mortgage loan origination experience with proven results
- Ability to work independently
- Ability to analyze financial information
- Effective verbal and written communication skills
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
- 401(k) contribution and pension (all benefits are subject to eligibility requirements)
Company Overview
At U.S. It was founded in 1968, and is headquartered in Minneapolis, Minnesota, USA, with a workforce of 10001+ employees. Its website is http://www.usbank.com.