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.
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Introduction

• U.S. Bank is the 6th largest commercial bank in
  the United States
• Assets over 264 billion
• 15.8 million customers
• 2,847 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.
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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.
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Non-Agency Program Highlights

• Programs available for Purchase, Refinance
  Cash-out
• All loans, first and second position, are
  non-conforming
• 90 Refinance 90 Purchase
• Loan amounts to 1,500,000
• Simplified pricing structure
• HELOCs to 85 LTV
• Aggressively priced YSP
• FICO scores as low as 650
• NO mortgage insurance at any LTV
• (75 in AZ, CA, FL, GA, MD, MI, NV, VA see
  rate sheet for any restrictions)

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.
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Rate Sheet and Program Guidelines
Sample
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Submitting A File

• Complete your U.S. Bank submission form and fax
  to 800-576-9431 or email to usbankstips_at_usbank.com
  with a completed Fannie Mae 1003 application and
  MLOA
• Make sure the Government Monitoring section is
  completed on the 1003
• A Credit Decision will be faxed and emailed
  within a 24 hour SLA

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.
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Sample Submission Form
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Credit Decision Notification

• Identifies all terms and conditions of your file
• Use as a cover sheet for faxing conditions to our
  underwriting department
• Underwriting SLAs are 3-5 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.
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Closing Desk and Funding

• Once all underwriting conditions 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.
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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