U.S. Bank is committed to helping customers and businesses make informed financial decisions. The Non Bank Loan Officer originates mortgage loans in a non-bank territory, handling applications and conducting preliminary underwriting reviews while ensuring timely document processing and follow-up.
Responsibilities
- Originates mortgage loans in an assigned non-bank territory
- Takes applications, conducts preliminary underwriting reviews, submits loan applications to processing and underwriting for approval
- Follows-up to ensure that documents required for processing, underwriting, and closing are secured in a timely manner from appropriate sources
- Incumbents are customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from U.S. Bank locations
- Incumbents are expected to spend at least 50% of their time conducting their activities away from U.S. Bank locations
Skills
- High school diploma or equivalent
- Minimum one year of mortgage, sales, real estate, or banking experience
- Ability to travel
- National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z
- Subject to the required registration process, which includes a criminal background and credit check
- Ability to maintain a satisfactory criminal and credit record
- Well-developed sales ability
- Basic knowledge of pricing and underwriting requirements of various mortgage insurance companies
- Working knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors, as gained through on the job training or some real estate brokerage experience
- Basic knowledge of local, state and national laws (e.g., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.)
- Ability to work independently
- Ability to analyze financial information
- Effective verbal and written communication skills
- Established referral base within assigned market preferred
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Company Overview
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