Mortgage Loan Originator - Central Indiana
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.
About the role
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.).
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.
- Communicate and advise 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
- 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.
- Health
- Vision
- Dental
- 401K
- ESOP
- 100% Tuition Assistance
- 4 weeks paid time off
Qualifications
None specified.
Skills
None specified.
Benefits
Pay
N/A
Schedule
N/A