Mortgage Loan Officer II

First Mid Bancshares, Inc.; St. Louis (MO); On-site; USD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a dedicated Loan Officer to join their team. In this role, you will be responsible for producing a high volume of consumer and real estate loans, ensuring exceptional customer service, and managing loan portfolios effectively. You will interact with clients to explain loan options and terms, conduct loan closings, and maintain the quality of the lending portfolio. This position offers a comprehensive benefits package, including healthcare, paid family leave, and banking perks, making it an excellent opportunity for those looking to advance their careers in the financial sector. If you are passionate about lending and customer service, this is the perfect role for you.

Benefits

Comprehensive Healthcare

Paid Family Leave

Generous Paid Time Off

Tuition Reimbursement

Employee Stock Purchase Plan

401K Plan with Company Match

Qualifications

• Bachelor’s degree preferred or equivalent training in finance or loans.
• Must maintain good standing under SAFE Act requirements.

Responsibilities

• Produce high volume of quality consumer and real estate loans.
• Manage loan portfolios and develop customer relationships.
• Conduct loan closings and ensure compliance with underwriting conditions.

Skills

Interpersonal Skills

Customer Service

Direct Marketing Skills

Analytical Skills

Cross-Selling Skills

Organizational Skills

Knowledge of Regulatory Requirements

Education

Bachelor’s Degree

Equivalent Advanced Training

Job description

At First Mid, base salary is one component of our Total Rewards program. 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 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:

1. Interviews loan applicants explaining loan options, rates, terms and collateral requirements; gather the required information to provide a complete application to the appropriate loan processor.
2. 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.
3. Disburse funds on construction and home improvements loans in accordance with Bank guidelines.
4. Manages and supervises individual loan portfolios. Develops and maintains existing customer base and build customer satisfaction and confidence in the Bank.
5. Maintains the asset quality of lending portfolio. Reviews delinquency reports, performs routine follow up with past due customers and coordinates collection efforts with other loan officers. When necessary, repossesses and liquidates collateral and works with Bank’s attorney when court action is required.
6. Analyzes and makes decisions regarding the Bank’s credit check program and collects any delinquent accounts.
7. Reviews daily overdrafts, determines whether to return or pay checks and produces follow-up letter on accounts overdrawn over ten (10) days.
8. Assists other loan officers with underwriting questions or program information.
9. Orders title work for real estate loans, reviews same and takes care of any curative matters that may arise.
10. Proactively identify, develop and maintain a quality network of business relationships with Realtors, Attorneys and other professional contacts that serve as a source of referrals for new mortgage lending opportunities.
11. Cross-sell bank products and services in a professional manner.
12. Complete required training associated with job function.
13. Perform other related duties as assigned.

Qualifications

Education/Experience:

1. Bachelor’s degree preferred or equivalent advanced training in a financial institution or loan setting.
2. Must register and maintain a status in good standing under the SAFE Act requirements.

Skills:

1. High level of interpersonal skills to interact with customers and potential customers in a professional manner.
2. Ensure exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures, and regulatory requirements.
3. Interpersonal skills necessary to establish and maintain effective working relationships with coworkers, other business areas and government agencies as required.
4. High level of direct marketing skills necessary, as regular and ongoing direct marketing is required in order to establish relationships with referral sources and identify networking opportunities.
5. High level of analytical skills to conduct loan analysis and maintain loan’s progress in consideration of market trends, credit/interest rates, economic conditions and other factors.
6. Good understanding and knowledge of Company’s products and services.
7. Good cross-selling, management and organizational skills.
8. 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.
9. May be required to work earlier or later than the normal workday.

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.