U'S' Bank Wholesale Mortgage Division

1
U.S. Bank Wholesale Mortgage Division A
Non-Agency Portfolio Lender

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
2
Introduction

• U.S. Bank is the sixth largest commercial bank in
  the United States
• Assets over 265 billion
• 15.8 million customers
• 2,851 retail branches
• 54,000 employees
• NYSE symbol - USB

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
3
Overview

• U.S. Bank Wholesale Mortgage Division is the
  wholesale / non-conforming arm of U.S. Bank
• Loans are all manually underwritten
• A stable funding source for loans that are held
  and serviced in our portfolio
• A U.S. Bank Account Executive will be assigned to
  each mortgage company for training and service

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
4
Non-Agency Program Highlights

• Programs available for purchase, refinance and
  cash-out
• All loans, first and second position, are
  non-conforming
• 90 refinance
• Loan amounts to 900,000
• Simplified pricing structure
• Home Equity Lines of Credit to 85 Loan to Value
  
• Yield Spread Premium available
• FICO scores as low as 650
• No mortgage insurance at any Loan to Value
  (75 in AZ, CA, FL, NV, OR, UT, WV)

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
5
Rate Sheet and Program Guidelines
Sample
6
Submitting A File

• New applications must include certified U.S.
  Bank submission form, Fannie Mae 1003 (with
  completed Government Monitoring section), fully
  executed MLOA and Title Company Customer Request
  Form (loans only).
• Fax [phone] or email usbankstips_at_usbank.com
  
• A Credit Decision will be faxed and emailed
  within a 24 hour Service Level Agreement

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
7
Sample Submission Form
8
Credit Decision Notification

• Identifies all terms and conditions of your file
• Use as a cover sheet for faxing conditions to our
  Underwriting department
• Underwriting Service Level Agreement is3-5
  business days

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
9
Closing Desk and Funding

• Once all Underwriting conditions are cleared, a
  Final Approval Notice is issued
• Call the closing desk to set closing
  (Closing date, fees, payoffs and title contact
  required to schedule loan closing)
• 1pm cut-off time for next day closings
• 800-803-4212, option 3

For internal use only and not intended as
advertising to any borrower, as defined in
Regulation Z. This information is provided to
assist Real Estate Brokers and is not a consumer
credit advertisement as defined by Regulation Z.
10
Questions
11
Resources

• Jill Ties U.S. Bank Consumer Finance
• West Regional Sales Manager
• 952-936-5831
• jill.ties_at_usbank.com
• Rick Ruzzi U.S. Bank Consumer Finance
• East Regional Sales Manager
• 952-936-5832
• richard.ruzzi_at_usbank.com
• www.usbank.com/brokerloans
• User ID wholesale
• Passcode quality