Mortgage Loan Officer II

First Mid Bancshares, Inc.; Beloit (WI); On-site; USD 60,000 - 90,000; Full time

Job summary

First Mid Bancshares, Inc. is seeking an experienced Mortgage Loan Originator to interview borrowers, analyze credit data, and determine financing objectives. You will collaborate with mortgage processors and branch staff to ensure high customer satisfaction and cross-sell bank products.

The role requires knowledge of loan policies, regulatory compliance, and the SAFE Act. MLO duties include loan closings and ongoing loan portfolio management, with after-hours availability as needed.

Qualifications

• Bachelor’s degree in Accounting, Finance or Business Administration preferred, or equivalent experience in a financial setting.

Responsibilities

• Interview prospective borrowers to analyze financial data and financing objectives.
• Provide detailed follow-up with borrowers during loan process.
• Collaborate with mortgage processors and branch staff to ensure customer satisfaction.
• Develop relationships with branch personnel, realtors, builders and developers as lending sources.
• Understand and cross-sell First Mid products and services.
• Conduct loan closings; ensure documents signed and underwriting conditions met.
• Disburse funds on construction and home improvement loans per guidelines.
• Manage and oversee individual loan portfolio and maintain asset quality.
• Develop and maintain existing customer base and trust in the Bank.
• Register as a Mortgage Loan Originator under the SAFE Act.
• Complete required training associated with job function.
• All other duties as assigned.
• MLOs are expected to be accessible outside standard business hours.

Skills

Product knowledge

Cross-selling

Interpersonal skills

Policy & regulations literacy

Education

Bachelor's degree in Accounting, Finance or Business Administration

Job description

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 portfolio 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.
• All other duties as assigned.
• MLOs are expected to be accessible to clients and referral partners outside of standard business hours, including evenings and weekends, as necessary.

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.

First Mid Bancshares, Inc. is an Equal Opportunity/Affirmative Action 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