Mortgage Loan Originator

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

📋 Description

• Generate mortgage loans within a designated Non-Bank territory

• Process loan applications

• Perform initial underwriting assessments

• Forward loan applications to processing and underwriting for approval

• Ensure timely collection of necessary documents for processing, underwriting, and closing from the relevant sources

• Engage in and promote loan sales

• Participate in sales-related activities outside of U.S. Bank locations

• Allocate at least 50% of work time on activities conducted away from U.S. Bank locations

⛳️ Requirements

• Registration with the National Mortgage Licensing Service (NMLS) in accordance with the S.A.F.E. Act of 2008 and Regulation Z, along with ongoing adherence to all legal and regulatory registration obligations

• Maintain a satisfactory criminal and credit history

• High school diploma or equivalent

• Minimum of two years of experience in Mortgage, Sales, or Real Estate

• Self-motivated individual with strong sales skills and the ability to work independently

• Preferred established referral network within the assigned market

• Comprehensive knowledge of pricing and underwriting standards of various mortgage insurance companies

• Understanding of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors

• Awareness of local, state, and national regulations (e.g., zoning laws, Truth-in-Lending, RESPA, energy audit requirements)

• Exceptional communication skills and the capability to analyze financial information

• Sales-focused

• Over 2 years of demonstrable success in mortgage loan origination, consistently achieving or surpassing production targets

• Ability to adhere to U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct, as well as workplace conduct and safety regulations

🏝️ Benefits

• Healthcare coverage (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability benefits

• Pregnancy disability and parental leave

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

• 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 accrued at one hour for every 30 hours worked, capped at 80 hours per calendar year unless otherwise mandated by law

• Incentive and recognition programs

• Equity stock purchase opportunity

• 401(k) contributions

• Pension plan