Mortgage Loan Originator - Central Indiana

Merchants Bank of Indiana; Carmel (IN); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

401K

100% Tuition Assistance

4 weeks paid time off

Paid time off 4 weeks

Job summary

A leading financial institution in Carmel, Indiana is seeking a Mortgage Loan Originator to help develop new residential mortgage business and assist customers in achieving their home lending goals. The role requires at least 2 years of mortgage lending experience, a thorough understanding of mortgage processes, and the ability to cultivate relationships with referral sources. This position offers a robust benefits package including health insurance, 401K, and generous paid time off.

Qualifications

• 2 years of mortgage lending experience required.
• Knowledge of residential mortgage process and underwriting criteria.
• S.A.F.E. Act registration through NMLS is required.
• Experience in outside mortgage sales and referral networking.

Responsibilities

• Develop new business through referrals and promote bank products.
• Interview loan applicants to collect and analyze financial data.
• Participate in community and networking events to generate business.
• Serve as a liaison for non-borrowing accounts and loan customers.
• Advise customers concerning financial matters to determine products that best meet 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.

Skills

Mortgage lending experience

Referral networking

Customer service

Job description

Description

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.).

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

What we are looking for…

• Two years of mortgage lending experience is required.
• 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).
• Outside mortgage sales experience and referral networking experience is required.

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!

Our Benefits

Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more.

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.