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Jr Mortgage Loan Originator

Company: Midland States Bank
Location: Champaign
Posted on: June 4, 2024

Job Description:

Job DescriptionJr Mortgage Loan OriginatorSalary: $39,400 - $47,400+At Midland States Bank, 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 and/or commission) and may include long-term incentives (i.e. stock awards). 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, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.Position Summary With the goal of developing into a Mortgage Loan Originator, the Jr. Mortgage Loan Originator, assists the Mortgage Loan Originator in processing mortgage loan applications and aids in developing relationships and soliciting business from referral partners while also developing their own center of influence with potential referral partners such as realtors, builders, bank colleagues, attorneys, and CPAs. Primary responsibilities include the collecting and analyzing of prospect's income, assets, and liabilities in to advise them on the most appropriate mortgage products as well as other products and services to meet their financial needs. This position is an individual contributor role.Primary Accountabilities

  • Responsible for assisting the Mortgage Loan Originator in the sales and origination of single-family residential loans within predetermined guidelines and rates set forth by the Bank and its investors.
  • Responds to customer's residential mortgage needs by analyzing their financial profile and identifying the appropriate mortgage program for them.
  • Follows-up with applicants and secures the necessary information to process and underwrite the loan; conducting site visits if needed.
  • Provides assistance to Mortgage Loan Officer to help potential borrowers successfully qualify for financing.
  • Consistently grows volume and/or unit production targets until such time as they are able to produce a minimum of 5 units per month and transition into a Mortgage Loan Originator role.
  • Collaborates effectively with diverse stakeholders including cross-functional teams, community- based organizations, title companies and referral partners.
  • Actively promotes and cross-sells bank products where applicable.
  • Projects a positive attitude and act with integrity at all times.
  • Delivers "best-in-class" customer service and assistance to Mortgage Loan Originator.
  • Provides support at bank sponsored events.
  • Must adhere to pertinent state and federal laws and regulations, Company's Compliance Policy and external compliance requirements.
  • The Junior MLO will master and pass all MLO testing as required by NMLS standards, before licensed work can be practiced.
  • The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
  • May require work in a Midland office to ensure collaboration and support of internal and external customers.
  • Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
  • Other duties as assigned. Position QualificationsEducation/Experience:
    • Bachelor's degree in business, finance, real estate, or related field preferred.
    • Ability to obtain NMLS State License or Federal NMLS Registration.
    • 1 year sales experience preferred.
    • Strong entrepreneurial and business development/sales experience/skills.
    • Knowledge of FHA, FNMA and FHLMS underwriting guidelines a plus.
    • Knowledge of mortgage compliance regulations.
    • Business acumen and judgment- bank mortgage products, policies, and procedures.
    • Needs analysis skills - analyzing information regarding customer income/debts, etc.
    • Interpersonal/Persuasive/Influencing and negotiation skills.
      • Strong oral, written, and interpersonal communication skills.
      • Strong organization and time management skills.
      • Strong attention to detail.
      • Ability to work independently and as part of a team.Competencies:
        • Business insight
        • Cultivates innovation
        • Drives results
        • Makes sound decisions
        • Being a brand champion
        • Collaborates
        • Communicates effectively
        • Customer focus
        • Being Authentic
        • Emotional Intelligence
        • Self development
        • Being flexible and adaptableAt Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We're proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com. THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

          Compensation details: 39400-47400 Yearly Salary

          PI69690d349d6a-25405-34579472

Keywords: Midland States Bank, Champaign , Jr Mortgage Loan Originator, Accounting, Auditing , Champaign, Illinois

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