Assistant Loan Officer, Affordable Housing at Merchants Bank of Indiana

Carmel, Indiana, United States -

Full Time

Start Date

Immediate

Expiry Date

02 Sep, 26

Salary

0.0

Posted On

04 Jun, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

CRA Lending, Mortgage Loan Origination, Business Development, Community Engagement, Customer Service, Regulatory Compliance, Loan Documentation, Sales Performance, Financial Literacy, Relationship Management, Underwriting Guidelines, Consultative Sales

Industry

Banking

Description

Description The Assistant Loan Officer, Affordable Housing, specializing in Community Reinvestment Act (CRA) lending, supports the growth of responsible homeownership by originating residential mortgage loans within targeted communities. This role focuses on business development, sales performance, community engagement, and delivering exceptional customer service while ensuring regulatory compliance and accurate documentation throughout the loan process. A key component of this role is hands-on learning through mentorship, working closely with an experienced Affordable Loan Originator to develop product knowledge, sales skills, and community engagement expertise. After one year, our Assistant Loan Officer, Affordable Housing will be able to do the following confidently and independently... Learning & Mentorship Development Participate in a structured mentorship program with a senior Affordable Loan Originator Shadow experienced originators during client meetings, community events, and sales presentations Receive ongoing coaching in CRA lending strategies, community outreach, and consultative sales techniques Gradually assume increased responsibility in loan origination as skills and knowledge develop Engage in continuous learning related to affordable housing programs, CRA compliance, and mortgage products Documentation & Compliance Accurately collect, review, and submit borrower documentation in accordance with underwriting guidelines Ensure compliance with all federal, state, and company policies, including CRA, Fair Lending, and regulatory requirements Maintain complete and accurate loan files within internal systems Assist in resolving documentation issues and clearing conditions in a timely manner Coordinate with Loan Originator, Underwriting, Processing, and Closing to ensure exceptional customer experience. Customer Service Provide responsive, high-quality customer service throughout the loan lifecycle Address client questions and concerns promptly and professionally Coordinate closely with processing, underwriting, and closing teams to ensure a smooth transaction Maintain transparency and keep clients informed on loan status and next step Monitor application status and follow up with clients as needed. Client Engagement Serve as a trusted advisor by guiding clients through the mortgage process from application to closing Educate borrowers on available loan programs, including CRA, first-time homebuyer, and down payment assistance options Build long-term relationships through consistent communication and follow-up Ensure a personalized and positive experience Assist clients in completing applications and signing documents Business Development Develop and maintain relationships with community organizations, real estate professionals, builders, and local stakeholders to generate CRA-eligible loan opportunities Identify and engage prospective borrowers within low- to moderate-income (LMI) communities Participate in outreach events, financial literacy workshops, homebuyer workshops, and housing seminars to promote homeownership Support market growth strategies aligned with CRA goals and company objectives Originate residential mortgage loans by presenting appropriate loan options based on client financial needs Maintain a consistent pipeline of active prospects and referral sources Requirements What we are looking for... Bachelor’s degree in finance, business, or related field preferred (or equivalent combination of education and experience) 1–2 years of experience in mortgage lending, sales, or financial services preferred Knowledge of CRA lending, affordable housing programs, or community development is a plus Strong interpersonal, communication, and sales skills Ability to build relationships within diverse communities Detail-oriented with strong organizational and time management abilities Proficiency in mortgage loan systems and Microsoft Office (Encompass or similar LOS preferred) Active NMLS license or ability to obtain required Work Environment... Combination of office and field-based work Frequent attendance at community events and partner meetings, which may include evenings and weekends. Collaborative, team-oriented setting with direct mentorship support Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more About Merchants Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.

Responsibilities

The role focuses on originating residential mortgage loans within targeted communities to support responsible homeownership and CRA goals. Responsibilities include business development, managing loan documentation, and providing high-quality customer service through a structured mentorship program.