Mortgage Loan Originators

Lakeside Bank; Chicago (IL); On-site; USD 27,000 - 33,000; Full time

Benefits offered by this job

Medical coverage with multiple plans

401(k) plan

Paid Vacation and Sick Time

Flexible spending programs

Life insurance at no cost

Short-term and long-term disability insurance

Job summary

Lakeside Bank is seeking a Mortgage Loan Originator to originate residential first mortgage loans by developing relationships with real estate professionals, attorneys, and referral partners. This role demands strong relationship-building skills and the ability to generate new business while ensuring a quality loan application process.

The position offers a base salary of $30,000 plus commissions on closed loans. Full benefits including medical, dental, and 401(k) plan are provided.

Qualifications

• Previous mortgage sales experience or willingness to train with prior sales experience.
• Minimum sales quota/expectation of $1,000,000 per month in closed business.
• Strong relationship-building skills are crucial.

Responsibilities

• Generate new business and maintain relationships with referral partners.
• Prepare and submit quality loan applications.
• Resolve outstanding loan issues to complete the origination process.

Skills

Previous mortgage sales experience or comparable financial or sales experience

Sales aptitude

Strong relationship-building skills

Good math aptitude

Excellent written and oral communication skills

Intermediate PC skills in a Windows environment

Job description

Job Title: Mortgage Loan Originator

Location: City Locations

Reports to: VP, Group Lead Mortgage Lending

Summary

A Mortgage Loan Consultant or Mortgage Loan Originator will be responsible for originating residential first mortgage loans. The MLC will generate new business by developing and maintaining strong relationships with real estate professionals, developers, CPAs, Attorneys, and other referral partners while providing superior service to bank customers. The MLC will also be responsible for completing and submitting a quality loan application and resolving any outstanding issues in order to complete the mortgage origination.

Responsibilities

• Generate new business and maintain relationships with referral partners. • Prepare and submit quality loan applications. • Resolve outstanding loan issues to complete the origination process.

Qualifications

• Previous mortgage sales experience or comparable financial or sales experience (willing to train-with prior sales experience or experience in mortgage servicing).
• Sales aptitude – minimum sales quota/expectation of $1,000,000 per month in closed business.
• Strong relationship‑building skills.
• Good math aptitude.
• Excellent written and oral communication skills.
• Intermediate PC skills required in a Windows environment.

Licensing Requirements

This position requires National Mortgage Licensing System and Registry (NMLS) registration under the terms of the SAFE Act of 2008. Upon active employment with the Bank, the MLC must register via the NMLS registry or re‑register and move their prior registration to Lakeside Bank’s registration rolls. Continued employment is contingent upon successful registration after the start date and annual re‑registration thereafter.

Compensation

Base salary of $30,000. In addition, the Mortgage Loan Originator will receive commissions earned on closed and funded loans, compensated only for loans that close, fund, and generate fee income to Lakeside.

Benefits

• Medical – 4 Blue Cross Blue Shield plans (2 PPO & 2 HMO).
• Dental – PPO Dental plans offered through Principal.
• Vision – offered through Principal VSP.
• Life / AD&D insurance at no cost to the employee.
• Short‑term and long‑term disability insurance at no cost.
• Supplemental ancillary products (supplemental life, accident, critical illness, hospital indemnity, pet insurance).
• Flexible spending programs – Parking, Transit, Medical, Dependent Care.
• 401(k) plan.
• Paid Vacation, Sick Time, and PTO.
• 11 paid holidays each year.
• Free Checking/Savings Account.

Paid Time Off

For the first 5 years of service, the employee is eligible for 3 weeks of vacation. All employees receive 5 days of paid sick time, 5 days of PTO, and 11 paid holidays each year.

Equal Opportunity Employer and Reasonable Accommodations

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.