U.S. Bank · 8 hours ago

Community CRA Mortgage Loan Originator

United States

Full-time

Remote

Entry Level

$20/hr - $28.19/hr

1+ years exp

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Responsibilities

Originates Community Reinvestment Act (CRA) loans in an assigned community market serving primarily low to moderate income borrowers.

Develops referral relationships with realtors, builders, bankers, and other sources for the purpose of originating residential loans through ongoing sales efforts.

Takes mortgage applications, conducts preliminary underwriting reviews, and submits loan applications to processing.

Remains the front line contact with customers and realtors for follow up documentation needed to approve and close loan.

Deepens customer relationships by identifying opportunities to meet all customer needs.

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 a minimum of 50% of their time conducting their activities away from U.S. Bank locations.

Qualification

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NMLS registrationCommunity Reinvestment ActSales abilityMortgage underwritingFinancial analysisReal estate experienceMortgage insurance

Required

High school diploma or equivalent

Typically, at least 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

Preferred

Well-developed sales ability

Thorough understanding of the Community Reinvestment Act

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