Mortgage Loan Officer I

First Mid; Des Moines (IA); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Comprehensive health, dental & vision

Well-being benefits

Paid family leave

Generous PTO

Banking perks

Tuition reimbursement

Employee Stock Purchase Plan

401(k) with company match

Job summary

First Mid is seeking a Mortgage Loan Originator responsible for producing a high volume of consumer and real estate loans. The role includes interviewing borrowers, analyzing financial data, and guiding applicants through the loan process while ensuring compliance with policy and cross-selling products.

The position offers commission-based pay, with discretionary incentives and a robust Total Rewards package that includes health benefits, PTO, tuition reimbursement, and a 401(k) plan with

Qualifications

• Bachelor's degree in Accounting, Finance or Business Administration or equivalent experience.
• Strong cross-selling and interpersonal skills.
• Understanding of internal policies and relevant laws/regulations.

Responsibilities

• Interview borrowers to analyze financial and credit data and determine financing objectives.
• Provide follow-up with borrowers and assist at various stages of the loan process.
• Coordinate with mortgage processors and branch staff to ensure customer satisfaction.
• Develop and maintain borrower relationships and referrals.
• Conduct loan closings and ensure all documents and underwriting conditions are met.

Skills

Cross-selling

Interpersonal skills

Policy/regulatory knowledge

Communication

Education

Bachelor's degree in Accounting, Finance or Business Administration

Job description

At First Mid, this position is commission-based and earned on individual sales/production volume. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e., bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Responsible for producing a high volume of good quality consumer and real estate loans. Also responsible for ordering credit reports, analyzing data, approving or denying credit requests and collection of delinquent loans.

Responsibilities include, but are not limited to:

• Conduct interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines and gather any additional required information.
• Provide detailed follow-up with borrowers and meet with applicants as necessary during various stages of the loan process.
• Work closely with mortgage processors and branch staff to ensure customer satisfaction and trust in the Bank.
• Establish and maintain relationships with branch personnel, realtors, builders and developers as lending sources for their referrals.
• Must have an understanding of all First Mid products and services and a strong commitment to cross sell those products and services in a professional manner.
• Conducts loan closings. Ensures all documents are appropriately signed and all underwriting conditions are met. When necessary, takes all steps necessary to perfect the Bank’s lien position.
• Disburses funds on construction and home improvements loans in accordance with Bank guidelines.
• Manages and oversees individual loan portfolios and maintains asset quality.
• Develops and maintains existing customer base and builds customer satisfaction and confidence in the Bank.
• Required to register as a Mortgage Loan Originator in compliance with the SAFE Act.
• Completed required training associated with job function.
• MLOs are expected to be accessible to clients and referral partners outside of standard business hours, including evenings and weekends, as necessary.
• All other duties as assigned.

Qualifications

Education/Experience

• Bachelor's degree in Accounting, Finance or Business Administration preferred or advanced training equivalent to two or more years in a financial institution or loan setting.

Skills

• Good understanding and knowledge of Company's products and services.
• Good cross-selling, management and organizational skills.
• High level of interpersonal skills to interact with customers and potential customers in a professional manner.
• Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.

Total Rewards

• Competitive health, dental & vision coverage with HSA match
• 401(k) with employer match + Employee Stock Purchase Plan
• Generous PTO, paid holidays & parental leave
• Tuition reimbursement & performance-based bonuses
• Visit our Total Rewards page to see our full list of benefits.

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT