Community Reinvestment Act Mortgage Loan Officer

Company: First Mid Bank & Trust
Location: Champaign
Posted on: June 24, 2022

Job Description:

This position is responsible for producing a high volume of good quality consumer real estate loans with a focus of 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.Responsibilities include, but are not limited to:

• Originate mortgage loans to achieve production goals.
• Self-source loans through established referral partners, community organizations, housing agencies, local business leaders, realtors, and other referral sources.
• Interviews loan applicants explaining various loan options, rates, terms, and collateral requirements to select the program that best fits their financial goals and needs.
• Produce required disclosures and collect documents needed to satisfy loan underwriting conditions.
• 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.
• 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.
• Manage individual loan portfolio.
• Cross-sell bank products and services in a professional manner.
• Completed required training associated with job function.
• Performs other related duties as assigned.QualificationsEducation/Experience:
  • Bachelor's degree or equivalent with additional specialized training in retail lending and or CRA activities.
  • Must be active in the local community (member of local boards, chambers, or organizations, etc.).
  • Must register and maintain a status in good standing under the SAFE Act requirements.Skills:
    • Thorough knowledge of loan 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 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/Affirmative Action 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
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Keywords: First Mid Bank & Trust, Champaign , Community Reinvestment Act Mortgage Loan Officer, Other , Champaign, Illinois