Mortgage Loan Originator

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

📋 Description

• Initiate 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

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

• Generate and pursue loan sales and engage in sales-related activities outside of U.S. Bank locations

• Allocate at least 50% of work hours to 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, ensuring ongoing compliance with 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

• A preferred established referral network within the assigned market

• At least 2 years of demonstrated success in mortgage loan origination, consistently achieving or surpassing production targets

• Comprehensive understanding of pricing and underwriting standards from various mortgage insurance providers

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

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

• Strong communication skills with the ability to evaluate financial information

• Sales-driven

• Capability to work autonomously

🏝️ Benefits

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability coverage

• Pregnancy disability and parental leave

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

• Paid vacation time (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 stipulated by law

• Incentive and recognition programs

• Equity stock purchase options

• 401(k) contributions and pension plan