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Community CRA MLO
| Company | U.S. Bank |
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| Location | Los Angeles, CA, USA |
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| Salary | $24.23 – $32.31 |
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| Type | Full-Time |
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| Degrees | |
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| Experience Level | Junior |
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Requirements
- High school diploma or equivalent
- Typically at least one year of mortgage, sales, real estate, or banking experience
- Ability to travel
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
- Expected to spend a minimum of 50% of their time conducting their activities away from U.S. Bank locations
Preferred Qualifications
- 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
