Mortgage Loan Originator - Bloomington

Mortgage Loan Originator - Bloomington, IN

Join to apply for the Mortgage Loan Originator - Bloomington, IN role at Merchants Bank IN.

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, 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.)

and work with bank staff to promote and cross‑sell our bank products and services.

• 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.

• A Bachelor’s degree with a minimum of two years of mortgage lending experience is preferred.
• 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).
• Someone who knows they must get out into their communities and connect with our customers. We do not sit in a branch and wait for walk‑in mortgage customers here.

• We have the full support of our executive leadership team. We are not a bank that sells mortgages, we are a mortgage company.
• We are small enough to provide personal service, but large enough to provide a full menu of products.
• Our entire team is readily available (onsite) to discuss questions or resolutions to issues that might arise.
• Stability – we think long‑term and are looking for Mortgage professionals who think long‑term too.

Merchants is a top performing U.S. public bank by S&P Global Market Intelligence, with diverse holdings in mortgage banking, corporate banking, and more. With $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, Merchants conducts its business primarily through its subsidiaries, including Merchants Bank of Indiana and Merchants Mortgage.