Loan Originator - (Illinois)

Position Summary

An employee in this position procures new mortgage transactions for the bank. The primary responsibility is to bring in new loan requests into the bank for processing. The Loan Originator is the primary contact for the loan applicant.

Essential Duties And Responsibilities

• Assembles and reviews a new application and matches the applicant with a mortgage program.
• Handles the file until it is time to request loan documents and closing is scheduled.
• Assists the borrower in determining the proper loan program, completing the loan application, and gathering the required supporting documentation to begin the loan process.
• Conducts preliminary underwriting reviews.
• Remains front-line contact with the borrowers.
• Obtains and analyzes a credit report.
• Is heavily involved with the client during the application and closing process.
• Develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit new business.

Qualifications

• Minimum two years of mortgage loan origination experience.
• Thorough knowledge of pricing and underwriting requirements of various mortgage products and programs.
• Knowledge of residential mortgage processing, underwriting, and closing procedures.
• Thorough knowledge of federal lending regulations governing real estate lending, such as Truth-in-Lending, RESPA, and others.
• Ability to analyze financial information.
• Excellent interpersonal and communication skills required.
• Pleasant and professional demeanor is essential.
• Sound judgment and diplomacy required.
• Requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008.

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation

The minimum estimated hourly rate for this role is $15.00, along with eligibility to earn monthly commissions. Actual pay rate may vary based on several factors, such as a candidate’s location, qualifications, skills, and experience.