Mortgage Loan Originator - Bloomington, IN

Merchants Bank of Indiana; Bloomington (IN); On-site; USD 50,000 - 75,000; Full time

Benefits offered by this job

Support from leadership

Personal service focus

Long-term career stability

Recognition as a top workplace

Job summary

A leading mortgage company in Indiana is seeking a Mortgage Loan Originator to develop new business through community engagement and assist clients with their lending goals. The ideal candidate will have mortgage lending experience, a thorough knowledge of the residential mortgage process, and the ability to build relationships within the community. This position requires out-of-branch activities to connect with potential clients.

Qualifications

• Minimum of two years of mortgage lending experience preferred.
• Thorough knowledge of the residential mortgage process.
• S.A.F.E. Act registration through NMLS required.

Responsibilities

• Develop new business through referrals.
• Interview prospective loan applicants to analyze financial data.
• Participate in community events to generate business.

Skills

Mortgage lending experience

Relationship building

Financial analysis

Networking

Education

Bachelor’s degree

Job description

Position Overview

Location: Bloomington, IN area

Our Mortgage Loan Originators (MLO) are here to help grow and develop new residential mortgage businesses by assisting customers to meet their home lending goals through our products and programs, along with analyzing the creditworthiness of applicants and negotiating terms, and collateral requirements. You will also work on developing and nurturing relationships with referral sources (real-estate agents, financial planners, community groups, builders, attorneys, etc.) and working with bank staff to promote and cross-sell our bank products and services.

Job Summary

After one year as our Mortgage Loan Originator, you know you were successful if you…

• Develop new business by utilizing referrals through centers of influence to contact prospective customers and promote and cross-sell bank products and services.
• Develop and maintain new and existing relationships with realtors, builders, current customers, and banking center staff to generate residential mortgage applications.
• Interview prospective loan applicants to collect and analyze financial data to determine the merits of the specific loan request.
• Establish credit terms including costs, repayment methods, schedule, and collateral requirements.
• Have communicated and advised customers concerning financial matters to determine products that best met their needs.
• Participate in community and networking events to generate new business opportunities and enhance the bank’s visibility.
• Serve as the liaison for non-borrowing accounts and loan customers for other bank services.

Requirements

• A Bachelor’s degree with a minimum of two years of mortgage lending experience is preferred.
• Thorough knowledge and understanding of residential mortgage process, underwriting criteria, and guidelines.
• This position requires S.A.F.E. Act registration through the Nationwide Mortgage Licensing System (NMLS).
• Someone who knows they must get out into their communities and connect with our customers. We do not sit in a branch and wait for walk-in mortgage customers here.

What sets Merchants Mortgage apart…

• We have the full support of our executive leadership team. We are not a bank that sells mortgages, we are a mortgage company.
• We are small enough to provide personal service, but large enough to provide a full menu of products.
• Our entire team is readily available (onsite) to discuss questions or resolutions to issues that might arise.
• Stability – we think long-term and are looking for Mortgage professionals who think long-term too!

About Merchants

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing, Mortgage Warehousing that offers mortgage warehouse financing, and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.