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Mortgage Insurance Jobs in Indiana (NOW HIRING)

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Mortgage Insurance information

See Indiana salary details

$22.1K

$100.4K

$133.2K

How much do mortgage insurance jobs pay per year?

As of Aug 10, 2026, the average yearly pay for mortgage insurance in Indiana is $100,403.00, according to ZipRecruiter salary data. Most workers in this role earn between $84,600.00 and $106,300.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in mortgage insurance, and why are they important?

To thrive in Mortgage Insurance, you need a solid understanding of risk assessment, financial analysis, and lending guidelines, often supported by experience in mortgage finance or insurance. Familiarity with loan origination systems, underwriting software, and regulatory compliance platforms such as FHA, VA, or private mortgage insurance programs is crucial. Strong analytical thinking, attention to detail, and effective communication skills help you navigate complex cases and collaborate with loan officers and clients. These competencies are essential for accurately evaluating risk, ensuring regulatory compliance, and fostering positive relationships in a fast-paced environment.

What does a mortgage insurance job involve?

A Mortgage Insurance job typically involves assessing risk, processing applications, and managing policies that protect lenders in case a borrower defaults on a mortgage. Professionals in this field may work for private mortgage insurers or government agencies, ensuring compliance with regulations and underwriting guidelines. They analyze borrower financials, collaborate with lenders, and assist in claims processing. Strong analytical skills and knowledge of mortgage lending practices are often required.

What are the typical daily responsibilities of someone working in mortgage insurance?

Professionals in Mortgage Insurance are responsible for evaluating loan applications, performing risk assessments, and determining eligibility for mortgage insurance coverage. Their daily tasks typically include reviewing financial documents, analyzing credit and property data, communicating with lenders and underwriters, and ensuring adherence to regulatory standards. They often collaborate with loan officers, underwriters, and real estate professionals to facilitate smooth loan processing. Staying organized and detail-oriented is vital, as the role involves managing multiple cases and meeting critical deadlines. This dynamic position offers valuable exposure to both the finance and real estate industries, providing an excellent foundation for career advancement.

What are the most commonly searched types of Mortgage Insurance jobs in Indiana? The most popular types of Mortgage Insurance jobs in Indiana are:
Infographic showing various Mortgage Insurance job openings in Indiana as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $100,403 per year, or $48.3 per hour.

Mortgage Loan Processor

First Farmers Bank & Trust

Kokomo, IN • On-site

$19 - $21/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


Job description

Mortgage Loan Processor

Kokomo, IN

$19.00-$21/hr depending on experience

First Farmers Bank & Trust has been proudly serving families, farms, and businesses since 1885, building relationships rooted in trust and community. With over 140 years of experience, we've grown to become one of the largest community banks in Indiana and Illinois, offering a full range of financial services—from personal and business banking to agricultural lending and mortgage solutions.

Our mission is simple: deliver personalized financial services while fostering strong relationships that help our communities thrive. We believe in combining today's digital banking convenience with the traditional values of integrity, perseverance, and customer care.

With 37 branches in Indiana and Illinois, we remain deeply committed to the communities we serve. Through initiatives like financial education programs, scholarships, volunteerism, and local partnerships, we invest in what matters most—people.

At First Farmers, we also invest in our employees. We offer competitive benefits, opportunities for professional growth, and a culture that values collaboration and community engagement. When you join our team, you're not just starting a job—you're joining a company built on heart and grit.

Position Summary

Accurately assists in retrieving and assembling proper loan documentation for loan packages after application is signed and initial disclosures are issued; then responsible for submitting loan packages to underwriting for final approval. Following disclosure of initial documents, we are responsible for completing the loan package in a timely and efficient manner. Performs variety of clerical duties, requiring knowledge of departmental procedures. Provides support and assistance to officers on a daily basis when needed. Set up & maintains files on each loan; ensuring information is complete and accurate before sending to underwriting.

Duties
  • Order the following documentation for each loan: XML sheet, Homeowners Insurance, PMI Certificate, Veri-tax, Form 90/Verification of Employment, Customer Information and Risk Profile (CIP), Order Title Commitment
  • Review and ensure accuracy on all documents starting at First Review
  • Verify Income calculations and ensure there is proper documentation of all types of income
  • Attain good knowledge base of all mortgage products
  • Review private mortgage insurance qualifications and submit data to PMI company to obtain certificate
  • Communicate with Borrower, Loan Officer and Mortgage Operations to efficiently gather documentation and complete the loan process
  • Complete Mortgage Workflow tasks that are then sent on to Underwriting
  • Completion of educational assignments
  • Assure loans are processed in accordance with Company policy and procedure
  • All other job duties as assigned
Requirements

Minimum Qualifications

  • This position requires general banking knowledge, specifically in the mortgage and lending areas
  • Basic computer skills and a strong attention to detail and accuracy
  • Proven, successful ability to work independently and on a team
  • Willingness and ability to participate with community organizations and community projects

Preferred Qualifications

  • Previous Mortgage Loan experience
  • Strong working knowledge of lending policies, procedures and documentation requirements
  • Knowledge of Government Loans

Skills

  • Strong organization, good time management, and ability to multitask needed
  • Must have strong attention to detail

Benefits Overview:

At First Farmers Bank & Trust, we offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance:

Health & Wellness

  • Medical Insurance (eligible on date of hire) with options for High Deductible Health Plan (HDHP) and Co-Pay Plan
  • Vision Coverage
  • Dental Coverage
  • Prescription Plan
  • Wellness Incentive – earn up to $25 per pay period toward premium reduction

Financial Security

  • Life & Accidental Death & Dismemberment Insurance – 100% employer-paid
  • Short & Long-Term Disability Insurance – 100% employer-paid
  • 401(k) Plan
  • Profit Sharing Stock Option
  • Health Savings Account (HSA) contributions for HDHP participants

Paid Time Off

  • Vacation time
  • Sick Time
  • Personal Day
  • 11 Paid Holidays
  • Paid Bereavement

Additional Benefits

  • Paid time to volunteer (when representing FFBT and supervisor approved)
  • Voluntary Donated PTO Program
  • Employee Assistance Program
  • Travel Assistance Program
  • Educational Assistance Program
  • Corporate Discounts
  • Employee Referral Program
  • Stock Purchase Loan Option
  • Retirement Plan Counseling
  • Wellness Program
  • Gym Reimbursement
  • Employee Quarterly Recognition Program
  • AFLAC supplemental benefits
  • Cincinnati Life supplemental coverage
  • Family Medical Leave
  • Paid Bereavement Leave
  • Maternity Leave Policy