Mortgage Loan Purchase Specialist – Level 1

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 guidelines as well as customer service standards.

• Assess the acceptability of loans.

• Liaise with lenders, staff, title companies, and other parties to address and resolve outstanding issues.

• Gather required documentation and verify its completeness and accuracy.

• Timely deliver loan packages to the Secondary/Pooling Unit for sale in the secondary market.

• Organize and submit government loan files to HUD/VA for insurance or guaranty purposes.

• Prepare necessary disclosure information within established timelines to ensure regulatory compliance.

⛳️ Requirements

• High school diploma or equivalent qualification.

• Generally, a minimum of one year of relevant experience is required.

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

• Capability to identify and resolve exceptions while interpreting data.

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

• Strong data entry and mathematical abilities.

• Excellent verbal and written communication skills.

• Skilled in navigating various software packages, including Microsoft Office applications.

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

🏝️ 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 options.

• 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 mandated by law.

• Incentive and recognition programs.

• Equity stock purchase options.

• Pension plan availability.

• Disability accommodations during the application or hiring process.