Mortgage Loan Purchase Specialist

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

📋 Description

• Acquire and purchase loans from external lenders.

• Evaluate loans to ensure adherence to bank, regulatory, and investor standards as well as customer service expectations.

• Assess loan eligibility.

• Coordinate with lenders, team members, title companies, and other parties to address any outstanding issues.

• Gather necessary documentation and verify its completeness and accuracy.

• Forward loan packages to the Secondary/Pooling Unit for transactions on the secondary market.

• Compile and submit government loan files to HUD/VA for insurance or guarantees.

• Generate required disclosure information within specified time frames and maintain regulatory compliance.

⛳️ Requirements

• High school diploma or equivalent qualification.

• Generally, at least one year of pertinent experience.

• Fundamental understanding of loan processing, closing, and funding policies and procedures.

• Capability to identify and resolve exceptions and interpret data.

• Proficiency in managing multiple tasks/projects and meeting deadlines concurrently.

• Strong data entry and mathematical abilities.

• Excellent verbal and written communication skills.

• Competent in computer navigation across various software applications, including Microsoft Office.

• Candidates must adhere to U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct along with related workplace conduct and safety protocols.

• Must fulfill applicable employment eligibility verification requirements.

🏝️ Benefits

• Comprehensive healthcare coverage (medical, dental, vision).

• Basic and optional term life insurance.

• Short-term and long-term disability coverage.

• 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 each year.

• Adoption assistance program.

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

• Incentive and recognition programs.

• Opportunities for equity stock purchase.

• Contributions to the 401(k) and pension plan.