CRA Mortgage Loan Officer

The compensation will be commission-based and based 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 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.

• This position is responsible for producing a high volume of good quality consumer real estate loans with a focus on participating in Community Reinvestment Act (CRA) lending activities.
• CRA activities include being responsible for community outreach in our low to moderate income (LMI) areas, majority-minority area (MMA) communities, LMI individuals and minority individuals.
• Interviews loan applicants explaining various loan options, rates, terms, and collateral requirements to select the program that best fits their financial goals and needs.
• Gather the required supporting information to provide a complete application.
• Manage pipeline from origination through closing.
• Works closely with the processor and underwriter to address any underwriting issues timely to achieve a timely loan closing.
• 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.
• Self-source loans through established referral partners, community organizations, housing agencies, local business leaders, realtors, and other referral sources.
• Promote home ownership focusing on properties located in LMI & MMA census tracts.
• Coordinate and conduct home-buying training seminars for potential CRA and multicultural origination mortgage applicants.
• Partner with community, non-profit and government agencies focused on affordable housing programs or minority communities.
• Disburse funds on construction and home improvements loans in accordance with Bank guidelines.
• Manages individual loan portfolio.
• Maintains the asset quality of individual lending portfolio. Reviews delinquency reports and perform routine follow up with past due customers. When necessary, works with Bank’s Special Assets Department in coordinating collection efforts.
• Consistently achieves volume and/or unit production targets.
• Cross-sell bank products and services in a professional manner.
• Completed required training associated with job function.
• Performs other related 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
• Generates regular tracking reports for management with detailed CRA activity

Education:

• Bachelor’s degree or equivalent with additional specialized training in mortgage lending and/or CRA activities.
• Must register and maintain a status in good standing under the SAFE Act requirements.

Skills:

• Thorough knowledge of Company’s products and services.
• High level of interpersonal skills to interact with customers and potential customers in a professional manner.
• 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.
• Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations.
• The individual must illustrate the ability to multitask and to prioritize issues that arise.

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.