Business Development

Title Mortgage Loan Originator
Categories Business Development
Compensation Commission – Outlined Below
Location Chicago and St. Paul
Job Information

iLoan is always interested in bringing on talented people. We are growing methodically and are looking for energetic, driven loan officers to work with us.  iLoan recognizes that delivering loans the way we do requires a broad and well developed skill sets worthy of highly aggressive compensation and robust support.  For this reason, we pay our loan officers 140 basis points per loan (with a minimum wage draw against this comp).  Leads purchased by the company are paid at 105 basis points.  So no confusing tiers here.  Our loan officers are not charged back for anything.  In addition to the person to person support, the funding apparatus and first rate processing, they enjoy best in breed technology. . . . for free!

Here are some things that we think are cool about what we’ve got going on:

  • killer rates for our customers – check them out by clicking here
  • FHA credit scores down to 640 without committee approval (down to 580 with approval)
  • conventional scores down to 620
  • VA and RD scores down to 500
  • no rush fees
  • awesome funding department
  • stable, capitalized and compliant company
  • reliable and forward thinking corporate leadership
  • fast and aggressive processing (with excess capacity)
  • underwriting at 24-72 hours on submissions and conditions
  • MHFA loan (bond loan) products available @ standard compensation
  • end to end co-branding with Realtor partners
  • Home Buyer’s Marketing provided at no cost
  • Home Buyer’s Marketing admin/assistant provided (if needed)
  • library of marketing materials provided account at no cost
  • turn key CRM account at no cost
  • co-branded homebuyer education marketing solution account at no cost
  • closing gift and 84 touch, 5 year post closing marketing covered at no cost
  • mailer advertising
  • pay per click branding
  • strong web presence
  • classy but relaxed office in a centralized location
  • robust academic and technical resources
  • management is more committed to the execution of loan officers’ intermediate and long term business plans than short term transaction count and volume
  • fun place to work (everyone is a little nuts in their own unique way – it’s a blast)
  • smart co-workers (average years of experience is over 12 years – 12 years isn’t required though)
  • multi-state licensing 
  • non-bank lender with capacity to broker
  • ALL of your LO compensation goes to payroll when the loan closes (not after it funds or after the loan is sold)
  • we really do think we have the best production driven mortgage technology and web based tech in the market
  • 401K and health benefits

Please fill in the following online application in order to let us know about you and what you’re all about.

Once you have completed this form, someone from our HR Department will review your information and contact you shortly.

One more thing.  We understand and appreciate that making a decision on moving companies is a SERIOUS AND CONFIDENTIAL MATTER.  We will keep your inquiry in the strictest confidence and would be happy to execute a NCND agreement should you like.

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