Non Bank Mortgage Loan Originator
$41,600–$41,600 year
On-siteChicago, Illinois, United States
Job Summary
Originates mortgage loans in an assigned non-bank territory by taking applications, conducting preliminary underwriting reviews, and submitting loan applications for approval. Follows up to ensure required documents for processing, underwriting, and closing are secured in a timely manner. Solicits loan sales and conducts sales-related activities away from U.S. Bank locations, spending at least 50% of time conducting these activities outside the office. Requires at least one year of mortgage, sales, real estate, or banking experience and National Mortgage Licensing System (NMLS) registration under the SAFE Act. Includes a minimum of two hours of driving per week.
Required Qualifications
- High school diploma or equivalent
- At least one year of mortgage, sales, real estate, or banking experience
- National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z
- Ability to travel
- At least 50% of time conducting activities away from U.S. Bank locations
- 2 or more hours of driving per week
- Ability to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies
Desired Qualifications
- 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.)
- Ability to work independently
- Ability to analyze financial information
- Effective verbal and written communication skills
- Established referral base within assigned market
- 2 years of mortgage loan origination experience with proven results
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