[Hiring] Mortgage Loan Originator Associate @Luminate Bank

Role Description

The Loan Originator Associate plays a key supporting role within the mortgage lending team by assisting branch Loan Originators in evaluating borrower needs, recommending appropriate loan solutions, preparing complete loan packages, and coordinating with processing teams throughout the loan lifecycle.

This position is ideal for a licensed mortgage professional who possesses strong technical mortgage knowledge, excels at reviewing loan scenarios, interpreting investor and agency guidelines, assessing loan viability, and maintaining well-organized files. While business development is not the primary focus of this role, the Loan Originator Associate may originate loans independently and will have the opportunity to earn additional compensation on loans they personally generate.

Responsibilities and Duties

• Assist Loan Originators with borrower consultations and loan scenario analysis.
• Evaluate borrower qualifications and recommend loan products that align with customer needs and company lending guidelines.
• Complete mortgage applications and collect all documentation required to process residential mortgage loans.
• Review loan files for completeness, accuracy, and loan eligibility.
• Research agency, investor, and program guidelines to determine loan viability and identify appropriate financing solutions.
• Assist in structuring loan scenarios and resolving qualification challenges.
• Maintain an active working knowledge of mortgage products, underwriting guidelines, compliance requirements, and industry regulations.
• Coordinate with processing, underwriting, and closing teams to help ensure timely loan closings.
• Manage multiple loan files while maintaining exceptional attention to detail and follow-through.
• Develop and maintain relationships with borrowers and referral partners as appropriate.
• Originate mortgage loans on an individual basis when opportunities arise.
• Attendance is an essential function of this position.
• Perform other duties and special projects as assigned.

Qualifications

• Strong understanding of residential mortgage lending practices, loan products, and underwriting guidelines.
• Demonstrated ability to assess loan viability and identify appropriate financing solutions.
• Detail-oriented with exceptional organizational and file management skills.
• Ability to research and interpret investor, agency, and program guidelines.
• Proven ability to work both independently and collaboratively as part of a team.
• Strong analytical skills and ability to evaluate financial information.
• Excellent verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency with Microsoft Office applications and mortgage origination systems.
• Ability to maintain the highest level of professionalism and confidentiality.

Requirements

• Bachelor's degree or equivalent combination of education and relevant work experience.
• Two or more years of mortgage industry experience.
• Current NMLS Mortgage Loan Originator license, or the ability to obtain and maintain licensure in accordance with the SAFE Act.
• Experience reviewing loan files, analyzing borrower qualifications, and working with mortgage guidelines preferred.

Benefits

• Competitive compensation reliant on ability and experience.
• Excellent benefits package including health, pre-tax HAS and FSA accounts, dental & vision.
• Life and AD&D Insurance, as well as additional voluntary benefit possibilities.
• 401K with robust company match.
• Flexible PTO program.
• Earned Sick & Safe Time (ESST).
• The opportunity to work for the Midwest’s fastest growing lender.