Mortgage Loan Originator

This is a fully remote position, open to applicants in California.

📋 Description

• Generate mortgage loans within a designated Non-Bank territory

• Process mortgage loan applications

• Perform initial underwriting assessments

• Forward loan applications to processing and underwriting for approval

• Follow up to obtain necessary documents for processing, underwriting, and closing

• Engage in loan sales and related activities away from U.S. Bank locations

• Allocate at least 50% of work time to activities conducted outside of U.S. Bank locations

⛳️ Requirements

• Registration with the National Mortgage Licensing Service (NMLS) as per the S.A.F.E. Act of 2008 and Regulation Z

• Continuous compliance with all legal and regulatory registration requirements, including maintaining a satisfactory criminal and credit background

• High school diploma or equivalent

• A minimum of two years' experience in Mortgage, Sales, or Real Estate

• Over 2 years of demonstrated success in mortgage loan origination, consistently meeting or exceeding production targets

• Self-motivated individual with strong sales capabilities and the ability to work autonomously

• Preferred established referral network within the assigned market

• Comprehensive understanding of pricing and underwriting guidelines from various mortgage insurance companies

• Familiarity with underwriting criteria for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors

• Knowledge of local, state, and national regulations, including zoning laws, Truth-in-Lending, RESPA, and energy audit mandates

• Superior communication skills

• Capability to analyze financial data

• Sales-driven mindset

🏝️ Benefits

• Healthcare coverage (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability insurance

• Pregnancy disability and parental leave

• 401(k) plan and employer-funded retirement plan

• Paid vacation (ranging from two to five weeks based on salary grade and tenure)

• Up to 11 paid holidays

• Adoption assistance

• Sick and Safe Leave accrual of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise mandated by law

• Incentive and recognition programs

• Equity stock purchase options

• 401(k) contributions and pension plan