To repair or improve the performance of H13 hot working molds through the additive manufacturing process, IN 718 was coated on H13 die steel by high-speed laser cladding followed by an ultrasonic surface rolling process (USRP). The mechanism of ultrasonic surface rolling on the mechanical properties of the coating was studied. After USRP, the coating exhibited severe plastic deformation; the microscopic organization of the surface layer was refined and the particle size was significantly reduced. The violent plastic deformation of the coating caused by USRP improved the dislocation density and the grain boundary density, providing an improved yield strength of the coating and improving the high-temperature wear resistance of the coating. After USRP, the surface hardness of the coating increased by 30%. Compared with the coating without USRP, the wear resistance of the coating greatly improved; the wear rate was reduced by 51% and the wear mechanism of the coating changed from large-area adhesive wear and severe abrasive wear to small-area adhesive wear and slight abrasive wear. The IN 718 coating after USRP had a higher hardness and greater wear resistance, significantly improving the service life of H13 steel.