Mortgage Daily Logo

US Bank Adding 100s of St. Louis Mortgage Jobs

Mortgage News

Growth in U.S. Bank, N.A.’s, mortgage business is prompting a hiring spree in St. Louis, with plans for up to 200 new local jobs.

The Minneapolis-based bank already added more than 150 jobs at its mortgage offices in Earth City and downtown St. Louis over the past year, said Tom Wind, president of U.S. Bank Home Mortgage.

The mortgage division is based in the bank’s headquarters city, but Wind is based in St. Louis.

The bank’s residential mortgages increased 6.1 percent from January through mid-year, compared with the same time period in 2016.

“We will be adding another 150 to 200 in the next year or two,” Wind said about the mortgage division’s local plans.

The jobs will be added at U.S. Bank’s existing office space in Earth City and downtown. Currently, the bank’s mortgage unit has 551 employees at two buildings in Earth City and 183 employees downtown.

The St. Louis region is among U.S. Bank Home Mortgage’s largest employee hubs, in addition to Minneapolis and Owensboro, Kentucky.

The division’s operations group that supports the retail mortgage business and project managers are among the jobs to be added in St. Louis. New digital offerings for loan applicants, including its U.S. Bank Loan Portal that debuted in June, are driving the jobs growth, Wind said. The bank’s new loan portal allows mortgage loan applicants to upload pay stubs and other images on smartphones, among other features.

U.S. Bank is the largest retail bank in St. Louis, based on market share of deposits. The bank’s U.S. Bancorp Community Development Corp. subsidiary, a tax credit investor and community development lender, is based in downtown St. Louis. Company-wide, U.S. Bank has 4,200 employees in the St. Louis region.

Related Posts

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County, Richland County, South...

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Net Branch Lawsuits

Litigation involving net branch operations. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story PHH Mortgage Corp. Mathews Supreme Court of Virginia na Court held that the term "branch office" includes not only...

Centex Home Equity Announces Name and Brand Change to National Mortgage, LLC

Whistleblower Lawsuits

Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Bank of...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming paperwork has been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and furniture need to...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand-new mortgage loan can be a difficult task, especially for first-time homeowners.   After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first...

Newsletter

Don’t worry, we don’t spam