Mortgage Loan Processor II

First Mid Bancshares, Inc.; Machesney Park (IL); On-site; USD 42,000 - 56,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) with company match

Tuition reimbursement

Generous PTO and paid holidays

Job summary

First Mid Bancshares, Inc. is seeking a Mortgage Loan Processor to coordinate all processing functions for mortgage loans and ensure regulatory compliance. The role involves frequent interaction with customers and internal teams.

Qualifications include a high school diploma or GED and at least one year of banking lending operations experience, with strong communication, organizational, and computer skills. Core values and total rewards accompany the position.

Qualifications

• High School Diploma or GED required.
• Minimum 1+ year banking experience in lending operations.
• Good interpersonal communication, filing and organizational skills.
• Computer literacy and attention to detail; ability to handle deadlines.

Responsibilities

• Respond to loan processing information requests via telephone/email/fax for Mortgage Loans.
• Process HELOC/Mortgage Loan applications in line with policy and regulatory requirements.
• Review incoming loan documents for accuracy and readability.
• Coordinate with mortgage/bank personnel to track timelines and closings.

Skills

Interpersonal communication

Filing and organizational skills

Computer literacy

Confidentiality

Meeting deadlines

Education

High School Diploma or GED

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 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.

Responsibilities include coordinating all processing functions of mortgage loans ensuring accuracy in documentation in accordance with regulatory requirements. This position will interact frequently with customers, both internal and external. Previous Encompass experience is desired but not required. Ownership and Accountability of the process are essential. Execute job responsibilities consistently with our Core Values - IMPACT

Responsibilities include, but are not limited to:

• Client Services: Responds to all requests- telephone/email/fax- concerning loan processing information required for Mortgage Loans
• Operations: Process HELOC/Mortgage Loan applications consistent with Department Policy and Procedure as well as all regulatory requirements. Steps to include but not limited to:
  • Review all Data Entry- update as required with verification of the data entered in the LOS
  • Understand and able to be proficient in using multiple technology applications- including but not limited to- credit, employment & asset verifications, PMI, fraud detection, compliance check and guideline resources.
  • Efficiently communicate with all parties including mortgage and/or bank personnel as it relates to documents; timelines; closings and important dates as loans move throughout the workflow process
  • Review and analyze all incoming loan documents for accuracy, consistency and readability
  • Understanding of Product/Portfolio guidelines for accurate verification of loan documents
  • Open and engaging dialogue and the workflow process
  • As needed, be able to order Loan Documentation thru 3 rd party sources
  • Assist with projects, training and daily tasks
• Attends training and educational classes as scheduled
• Attends company meetings as scheduled, on-site or off-site, during or after normal work hours
• Performs other duties as assigned

Qualifications

Education/Experience

• Position requires High School Diploma and/or GED
• Minimum of 1+ year(s) of banking experience in lending operations or related experience.

Skills

• Good interpersonal communication, filing and organizational skills required. Must be computer literate and detail oriented. High degree of confidentiality required and ability to work with deadlines

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