Mortgage Loan Originator

Job Summary

The Mortgage Loan Originator position is a sales‑oriented role where the originator proactively solicits new residential mortgage business, works bank referral leads, and sells IBC Mortgage products. The MLO develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities and builds relationships with the IBC Bank Sales Team and IBC Commercial Bankers.

The MLO evaluates and authorizes or recommends approval of applications for residential real‑estate loans, and possesses an understanding of relevant loan products, regulatory disclosures, and interest‑rate pricing.

• Develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities
• Develops relationships with the IBC Bank Sales team and IBC Commercial Bankers
• Evaluates and recommends approval of applications for residential real‑estate loans
• Possesses an understanding of relevant loan products, regulatory disclosures, and interest‑rate pricing
• Takes information from the borrower and completes the application
• Analyzes the prospective borrower’s income and debt and pre‑qualifies the prospective borrower
• Educates the prospective borrower in the home‑buying and financing process, advises the borrower about the different types of loan products available, and demonstrates how closing costs and monthly payments could vary under each product
• Quotes interest rates and fees
• Maintains regular contact with the borrower and Realtors between application and closing
• Assists the borrower in understanding and clearing credit problems
• Participates in the loan closing
• Performs other related duties as assigned

• Strong written and verbal communication skills
• Ability to manage a pipeline
• Teamwork
• Strong customer service skills
• Self‑motivated
• Highly organized
• Ability to calculate qualifying income from federal tax returns

• High School graduate or equivalent;
  College degree preferred
• 2 years recent experience preferred in residential loan originations
• RMLO license highly preferred (NMLS registration required)
• Knowledge of Conventional and Government Mortgage products
• Knowledge of processing, underwriting, closing, and funding of mortgage loans

• Medical Plan
• Employer‑Paid Life Insurance
• Flexible Spending Program
• 401(k) Profit‑Sharing Program
• Supplemental Benefit Programs:
  Vision, Dental, Disability
• Tuition Assistance Program
• Sick Leave
• Vacation
• Paid Holidays