Mortgage Loan Officer

First Independence Corporation; Chicago (IL); On-site; USD 65,000 - 90,000; Full time

Job summary

First Independence Bank in Chicago seeks a Mortgage Loan Officer to assist clients with residential loan origination and to deliver tailored lending solutions. You will develop referrals, meet sales goals, and maintain high loan quality and client satisfaction.

The role requires CFPB-compliant origination, strong closing skills, and excellent customer service. Equal opportunity employer with competitive compensation and benefits.

Qualifications

• High School Diploma or GED required; a Bachelor’s Degree in Business Administration, Finance, Accounting or related field preferred.
• 1–3 years related experience; prior bank/financial services experience is a plus.
• Excellent negotiator with strong closing skills and customer service orientation.
• Ability to relate to people at all levels and communicate clearly.

Responsibilities

• Develops relationships with Realtors, Builders and Affinity partners to obtain referrals.
• Originate loans in CFPB-guided; follow all applicable state and federal rules.
• Close an average of 3 loans per month and at least $1,000,000 in loan volume monthly.
• Ensure customer privacy with the highest level of diligence.
• Follow directions from Loan Manager and support branch objectives.
• Perform other duties as needed by the business.

Skills

Negotiation

Closing skills

Communication

Customer service

Education

High School Diploma or GED

Bachelor's degree preferred

Job description

Reports To:Dir of Mortgage Lending Operations

FLSA Status:Exempt

Summary

The Mortgage Loan Officer (MLO) assists clients with the origination of residential mortgage loans, including providing analysis and advice to current and prospective clients on home lending solutions that meet their needs and financial objectives. The MLO develops referrals as a means to grow the bank’s home lending business and client base. The MLO is expected to meet or exceed established sales goals while maintaining high standards of client satisfaction and loan quality.

Responsibilities

• Develops relationships with Realtors, Builders and Affinity partners to routinely be referred qualified candidates for a residential mortgage.
• Originate loans in strict accordance with CFPB guidelines.
• Follow all applicable state, national and regulatory rules, and laws.
• Close an average of 3 loans per month, which will be routinely evaluated or
• Close a minimum of $1 million in loan volume monthly.
• Handle customer privacy with the highest level of diligence.
• Follow the instructions as presented by their Loan Manager and work for the benefit of the company and the branch, in addition to their own personal production.
• Performs all other duties assigned based on business needs.

Requirements

• High School Diploma or equivalent GED. A Bachelor’s Degree, in Business Administration, Finance, Accounting or related field preferred.
• 1 – 3 years related experience.
• Previous bank/financial services industry experience a plus.
• Excellent negotiator who possesses strong closing skills
• An intelligent and articulate individual who can relate to people at all levels of an organization and possesses excellent communication and customer service skills.

First Independence Bank is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identification, age, sex, marital status, national origin, disability, genetic information, height or weight, veteran status, or other category protected by local, state, or federal law.

First Independence Bank offers competitive compensation and benefits which include: health, dental, vision, life, and disability insurances. Also, 401(k) and paid time off.