Mortgage Loan Originator - Bloomington, IN

About the role

Our Mortgage Loan Originators (MLO) assist customers in meeting their home lending goals through our products and programs. Key responsibilities include analyzing creditworthiness, negotiating terms and collateral requirements, and developing relationships with referral sources.

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 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.
• Communicate and 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.

Requirements

• 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.

Qualifications

• Experience in a fast-paced environment.
• Strong interpersonal and communication skills.
• Ability to work independently and manage multiple tasks simultaneously.
• Knowledge of local and state regulations related to mortgage lending.

Skills

• Excellent customer service skills.
• Strong analytical and problem-solving abilities.
• Proficiency in Microsoft Office Suite.
• Ability to handle confidential information securely.

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. The company operates multiple segments including Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. As of December 31, 2024, Merchants Bancorp had $18.8 billion in assets and $11.9 billion in deposits. Merchants Bank and Merchants Capital have 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).