Mortgage Loan Officer

Mortgage Loan Officer

Location: Bloomingdale, IL — 80 Stratford Dr

Category: Consumer Lending |
Type: Regular Full-Time

Salary: USD $22,000.00/Yr. – $28,000.00/Yr.

The Mortgage Loan Officer originates residential mortgage loans while building and maintaining relationships with customers, referral partners, and community organizations to drive business growth. This position serves as a trusted advisor, helping customers navigate the home financing process by identifying lending solutions that align with their financial goals and home ownership objectives. As a highly relationship-driven role, the Mortgage Loan Officer spends the majority of their time in the field developing new business opportunities and expanding First American Bank's presence within the communities it serves.

DUTIES & RESPONSIBILITIES

• Independently originate residential mortgage loans by interviewing applicants, taking loan applications, conducting preliminary underwriting reviews, and submitting complete loan packages to processing and underwriting for approval.
• Conduct comprehensive consultations with prospective and existing customers to assess their financial circumstances, home ownership goals, borrowing needs, income, assets, liabilities, and credit history to identify appropriate lending solutions.
• Recommend mortgage products and lending strategies that align with customer objectives while providing guidance throughout the mortgage application, underwriting, and closing process.
• Maintain an active pipeline of mortgage opportunities by documenting customer interactions, monitoring loan progress, obtaining required documentation, and ensuring timely follow-up throughout the lending process.
• Collaborate with internal business partners to deliver a seamless customer experience and identify opportunities to expand customer relationships through referrals to other bank products and services.
• Develop and maintain relationships with referral sources, including real estate professionals, builders, attorneys, financial advisors, and other community partners to generate new business opportunities and increase mortgage production.
• Develop and execute a business development strategy for an assigned territory to acquire new customers, strengthen referral partnerships, expand existing relationships, and achieve established sales goals.
• Actively market mortgage lending services through networking, community involvement, referrals, prospecting, and other sales and promotional activities to increase brand awareness and business growth.
• Perform sales-related activities primarily outside of bank locations, including customer meetings, networking events, referral partner visits, and community outreach initiatives.
• Maintain a visible presence within the community to promote home ownership opportunities, strengthen referral networks, and represent First American Bank in a professional manner.
• 80%+ of work time is spent outside of bank locations conducting business development, networking, customer meetings, and sales activities.
• Conduct and complete additional assignments/projects as designated by management.

QUALIFICATIONS

• High school diploma or equivalent.
• This position requires the individual to take loan applications and close loans.
• This position will require the employee to register and maintain registration with the Nationwide Mortgage Licensing System & Registry (NMLS).
• Minimum of three years of mortgage loan origination experience required, including a demonstrated ability to develop referral relationships, generate new business, and manage a residential mortgage pipeline.
• Strong knowledge of residential mortgage products, mortgage pricing, underwriting guidelines, and the mortgage loan process from application through closing.
• Experience analyzing borrower financial information, credit profiles, income documentation, and assets to determine appropriate lending solutions and assess loan eligibility.
• Thorough understanding of applicable federal and state mortgage lending regulations, including TILA, RESPA, HMDA, ECOA, and Fair Lending requirements.
• Ability to work independently, manage multiple priorities, and maintain a high-volume pipeline in a…