Mortgage Loan Processor III

First Mid Bank & Trust•Machesney Park, IL

About The Position

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

Requirements

Position requires High School Diploma and/or GED
Minimum of 3 years’ banking experience in lending operations or related experience.
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

Nice To Haves

Previous Encompass experience is desired but not required.

Responsibilities

Client Services: Responds to all requests- telephone/email/fax- concerning loan processing information required for Mortgage Loans
Operations: Process 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 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