Mortgage Loan Processor III

First Mid Bank & Trust•Mattoon, IL

13h

About The Position

At First Mid, the Mortgage Loan Processor III position's exact compensation is determined by factors such as education, skills, internal equity, and experience, and includes discretionary short-term incentives. The role involves coordinating all processing functions of mortgage loans, ensuring documentation accuracy in line with regulatory requirements. It requires frequent interaction with both internal and external customers. Previous Encompass experience is desired but not required. Ownership and accountability of the process are essential, and the role requires consistent execution of job responsibilities in line with the company's Core Values - IMPACT.

Requirements

High School Diploma and/or GED
Minimum of 3 years’ banking experience in lending operations or related experience
Good interpersonal communication skills
Filing and organizational skills
Computer literate
Detail oriented
High degree of confidentiality required
Ability to work with deadlines

Nice To Haves

Previous Encompass experience

Responsibilities

Coordinating all processing functions of mortgage loans ensuring accuracy in documentation in accordance with regulatory requirements
Interacting frequently with customers, both internal and external
Responds to all requests- telephone/email/fax- concerning loan processing information required for Mortgage Loans
Process Mortgage Loan applications consistent with Department Policy and Procedure as well as all regulatory requirements
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 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/Investor guidelines for accurate verification of loan documents
Open and engaging dialogue and the workflow process
As needed, be able to order Appraisal, Title Policies, PMI and Tax Transcripts
Understand the basic functions of all areas in Mortgage Operations to communicate effectively
Assist with projects, training and daily tasks
May mentor and train less experienced staff
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