About this role
Luminate Bank® is more than a bank—we're Banking Brighter® by making financial success simple, accessible, and rewarding. Whether you're purchasing a home, growing your savings, or planning for long-term stability, we offer expert guidance and personalized solutions to illuminate your path. Our seamless digital banking, tailored lending options, and wealth-building strategies empower you to take control of your financial future. With competitive rates, clear insights, and a customer-first approach, we help you make informed decisions with confidence. No matter where you are in your journey, Luminate Bank® is here to support you every step of the way.
Position Overview :
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.
Preferred Candidate Profile
The ideal candidate is a knowledgeable and detail-oriented mortgage professional who enjoys the analytical and operational aspects of loan origination. They are highly skilled at setting up loan files, evaluating borrower qualifications, researching lending guidelines, and determining loan feasibility. Rather than being primarily focused on sales or prospecting, this individual thrives in a support-oriented role that helps Loan Originators and borrowers successfully navigate the mortgage process while still having the opportunity to originate and earn commissions on loans they personally bring to the organization.
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 and Skills:
- 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.
Education :
- 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
We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.