Loan Originator - (Central Region - MN, IA, ND)

Wintrust Financial Corporation; Bloomington (IN); On-site; USD 13,000 - 19,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life Insurance

Disability Insurance

Parental Leave

401(k) with company match

FSA

Employee Stock Purchase Plan

Critical Illness Insurance

Accident Insurance

Transportation and Commuting Benefits

Banking Benefits

Pet Insurance

Job summary

Wintrust Mortgage, a part of Wintrust Financial Corporation, is seeking a Loan Originator in Bloomington, IN. The role involves assembling applications, advising on loan programs, and guiding borrowers through documentation and closing.

The position emphasizes loan origination experience, knowledge of mortgage products, and regulatory compliance, with opportunities to earn commissions. Flexible benefits and ongoing career development are highlighted.

Qualifications

• Minimum two years of mortgage loan origination experience
• Thorough knowledge of pricing and underwriting requirements of various mortgage products and programs
• Knowledge of residential mortgage processing, underwriting, and closing procedures
• Thorough knowledge of federal lending regulations governing real estate lending (Truth-in-Lending, RESPA)
• Ability to analyze financial information
• Excellent interpersonal and communication skills
• Professional demeanor and sound judgment
• NMLS registration under the SAFE Act of 2008

Responsibilities

• Assembles and reviews new applications and matches applicants with mortgage programs
• Manages file through loan process and coordinates document collection
• Conducts preliminary underwriting reviews and stays as front-line contact with borrowers
• Develops referral relationships with realtors, builders, bankers and other sources to solicit new business

Job description

About the Company

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we’re dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.

Why Join Us

An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years). Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few. Family-friendly work hours. With 175+ community bank locations, we offer opportunities to grow and develop in your career. Promote from within culture.

Culture & Development

We have a culture that encourages an entrepreneurial spirit. We offer multiple opportunities for development and upward mobility.

Essential Duties and Responsibilities

The Loan Originator assembles and reviews a new application and matches the applicant with a mortgage program. The file is handled by the Mortgage Originator until it is time to request loan documents and closing is scheduled. By turning in the file at this point, the Loan Originator is able to go out and generate new business. The Loan Originator assists the borrower in determining the proper loan program, completing the loan application, and gathering the required supporting documentation to begin the loan process. Conducts preliminary underwriting reviews. Remains front-line contact with the borrowers. A credit report is obtained and analyzed by the Loan Originator. The Loan Originator is heavily involved with the client during the application and closing process. Develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit new business.

Qualifications

• Minimum two years of mortgage loan origination experience
• Thorough knowledge of pricing and underwriting requirements of various mortgage products and programs.
• Knowledge of residential mortgage processing, underwriting, and closing procedures.
• Thorough knowledge of federal lending regulations governing real estate lending, such as Truth-in-Lending, RESPA, and others.
• Ability to analyze financial information.
• Excellent interpersonal and communication skills are required.
• A pleasant and professional demeanor is essential.
• Work requires sound judgment and diplomacy.
• Outlook proficiency required.
• Requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E Act of 2008

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation

The minimum estimated hourly rate for this role is $11.50, along with eligibility to earn monthly commissions. Actual pay rate may vary based on several factors, such as a candidate’s location, qualifications, skills, and experience.

Equal Opportunity Employer

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here.