Mortgage Loan Officer I

First Mid Bank & Trust; Des Moines (IA); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

Healthcare benefits

Well-being benefits

Paid family leave

Generous PTO

Tuition reimbursement

Employee stock purchase plan

401(k) with match

Job summary

First Mid Bancshares, Inc. in Des Moines, IA is seeking a Mortgage Loan Officer I to originate high volumes of consumer and real estate loans.

You will review credit data, advise customers on financing options and coordinate with processors and branch staff to deliver superior service. The role emphasizes building relationships with customers, realtors, builders, and referral partners, while ensuring adherence to policy.

Qualifications

• 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.

Responsibilities

• Interview prospective borrowers to analyze financial and credit data.
• Provide detailed follow-up with borrowers and meet with applicants 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 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.
• Conduct loan closings. Ensure 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.

Skills

Product knowledge

Cross-selling

Interpersonal skills

Regulatory knowledge

Education

Bachelor's degree in Accounting, Finance or Business Administration preferred

Job description

Position: Mortgage Loan Officer I

Location: Des Moines, IA

Job Id: 4750

# of Openings: 1

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