Residential Mortgage Originator – Chicago Area

Bankmerchants; Chicago (IL); On-site; USD 34,000 - 42,000; Full time

Benefits offered by this job

Health insurance

Vision

Dental

401K

ESOP

Tuition assistance

Paid time off

Job summary

Merchants Bancorp seeks a Mortgage Loan Originator to grow residential mortgage business by consulting customers on home lending options and analyzing creditworthiness. You will develop relations with realtors, builders, and referral sources, and guide applicants through the mortgage process.

The role focuses on acquiring new clients via referrals and centers of influence, negotiating terms, and coordinating with banking staff to close loans. Onsite support and career stability are highlighted.

Qualifications

• 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.

Responsibilities

• 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.

Skills

Mortgage lending experience

NMLS registration

Relationship building

Job description

Merchants Bancorp seeks a Mortgage Loan Originator to grow residential mortgage business by consulting customers on home lending options and analyzing creditworthiness. You will develop relations with realtors, builders, and referral sources, and guide applicants through the mortgage process.

The role focuses on acquiring new clients via referrals and centers of influence, negotiating terms, and coordinating with banking staff to close loans. Onsite support and career stability are highlighted.