First National Bank and Trust in Clinton, Illinois is hiring for a Mortgage Loan Specialist. This position will originate, underwrite, and close secured and unsecured consumer loans in accordance with established lending objectives, policies, and procedures; establish and maintain positive relationships with existing and potential clients. Employee will need to meet all requirements to comply with SAFE Act and maintain a current NMLS Registration.
Preferred education and work experience includes: Bachelor's degree (B.A.) from four-year college or university in the field of business, including specific courses in accounting, finance, and economics; or five to six years related banking experience and/or training; or equivalent combination of education and experience. In addition, post graduate industry-specific education (e.g. Stonier School of Banking, etc.) preferred, not required.
Position location: Clinton, Illinois
Experience and Skills:
ESSENTIAL DUTIES AND RESPONSIBILITIES includes the following. Other duties may be assigned.
Interview applicant(s) and request specified information for loan applications. This may take place in the formal office setting or the setting requested by client, based upon need.
Advise applicants of loan options and possible products applicable to the need.
Request appraisals, applicant credit reports, background checks, reference checks, verifications, and other information pertinent to the evolution of the loan application; analyzes information to determine feasibility of granting loan; corresponds with or interview applicant(s) or creditor(s) to resolve questions regarding application information.
Work closely with mortgage company and credit analysts in underwriting loan request.
Perform credit analysis for portfolio loans. This includes verifying income, calculating financial ratios, preparing credit memos, perfecting liens, and making lending decisions or working with another officer when the loan exceeds approval authority.
Underwriting all classification of consumer loans, including government guaranteed and sponsored loans. Completion of the input for designating the specific documentation required to provide security interest in the collateral, maintain compliance, and the ancillary documents needed for complex credits.
The job requires closing the loans at the bank, client’s office or the title company. Responsibility includes servicing and monitoring the loans for quality control, utilizing aggressive collection methods, comprehensive knowledge of title company reports and resolutions to difficult technical exceptions.
Be familiar with mortgage lending regulations including, but not limited to, Real Estate Settlement Procedures Act (RESPA), Truth in Lending Act (TILA), Fair Lending, Right of Recession (ROR), High Priced Mortgage Loans (HPML), and Home Mortgage Disclosure Act (HMDA).
Be familiar with FHA, RD, VA, and Conventional types of loans. Utilize government programs when deemed necessary to meet client’s credit needs.
Work with Federal Home Loan Bank in implementation of their Community Investment Programs.
Assist clients with inquiries and information requests, and resolves complaints relating to loan products and services offered. Provide ongoing client support from prospect to post closing.
Responsible for growth of loan portfolio; strives to maintain a quality portfolio with minimal delinquency; counsels borrowers and recommends remedies to resolve delinquencies.
Participate in the collection procedures and processes to assure the timely collection of all delinquent accounts and develops revised loan repayment terms or schedules as needed.
Participate in the bank’s credit committee meetings.
Regularly makes out of the bank business calls on existing and potential clients. Will maintain referral relationship and approach new leads. All of this activity will be tracked and maintained in a Client Relationship Management Tool (CRM).
Establish and maintain positive working relationships with third party lending businesses and other organizations to provide information regarding the lending programs and policies.
Utilization of the "hands on approach" for developing banking relationships of present and potential clients. Through the client interview process, ascertain the right product for the borrower and depositor. Maintain knowledge of all the bank products to achieve comprehensive cross-selling capabilities.
Promote and sell cash management, depository products to new and current clients; make qualified referrals to all areas of the bank including insurance and wealth management.
Assist in the development of manuals and supporting documentation to accomplish task/duties inherent to position.
Perform other work, as assigned.
Comply with all company and banking regulations, policies, and procedures.
NON-ESSENTIAL DUTIES & RESPONSIBILITIES. Maintain educational and professional expertise through attendance at job related seminars, conferences and workshops, and involvement in professional, civic, and community groups in leadership positions. Promote the company’s favorable image. Other duties may be assigned.
SUPERVISORY RESPONSIBILITIES. There are no supervisory responsibilities in this position.
QUALIFICATIONS. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE. Bachelor’s degree (B.A.) from four year college or university in the field of business, including specific courses in accounting, finance, and economics; or five to six years related banking experience and/or training; or equivalent combination of education and experience. In addition, post graduate industry-specific education (e.g., Stonier School of Banking, etc.) preferred, not required.
LANGUAGE SKILLS. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, operating and maintenance instructions, procedure manuals, etc. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from management, colleagues, clients, and the general public both face-to-face and over the telephone.
MATHEMATICAL SKILLS. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals; calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
REASONING ABILITY. Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions. Ability to deal with problems involving a few concrete variables in standardized situations.
OTHER SKILLS AND ABILITIES. Must have the ability to operate personal computer and printer, copy and fax machines and telephone. Must have working knowledge of word processing, spreadsheet, presentation, and database software.
KEY CONTACTS--Internal and External Has frequent contact with clients regarding lending policies. Has extensive contact with senior management. Has frequent contact with all internal departments. Has frequent/moderate/periodic contact with clients, real estate brokers, accountants, attorneys and business organizations regarding lending policies and practices.
CERTIFICATES, LICENSES, REGISTRATIONS. To effectively perform the job, must have reliable transportation to travel to and from work and other work-related events, meetings, interactions with clients, etc. Candidate must also meet all the requirements of registration with NMLS and maintain an active registration at all times.
PHYSICAL DEMANDS. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and/or and ability to adjust focus.
WORK ENVIRONMENT. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
COMMENTS. Position may require the ability to work before or after normal business hours, including weekends and overnight travel, to meet required deadlines and to attend meetings and/or training programs.
TS Banking Group is a covered federal contractor or subcontractor subject to the requirements of the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), as amended, and Section 503 of the Rehabilitation Act of 1973, as amended. As such, TS Banking Group is bound by the terms of VEVRAA and Section 503, and shall not discriminate against individuals with disabilities, and is committed to take affirmative action to employ and advance in employment protected veterans and individuals with disabilities.
TS Banking Group maintains an Affirmative Action Plan for the purpose of proactively seeking employment and advancement in employment of qualified protected veterans and individuals with disabilities. As an individual interested in employment with TS Banking Group, or as one of TS Banking Group's valued employees, TS Banking Group welcomes the opportunity to make its employees and applicants more aware of the TS Banking Group's obligations and affirmative efforts. Upon request, TS Banking Group will make accessible to you its Affirmative Action Plan for protected veterans and individuals with a disability. If you are interested, please submit a written request to Angela Avis during the HR Office's operating hours (9 a.m. to 4 p.m.), and we can schedule a time for you to review the Affirmative Action Plan. (Alternatively, a copy of TS Banking Group's Affirmative Action Plan is available electronically on TS Banking Group's intranet site.) Remote employees not physically located at the facility may access the Affirmative Action Plan through the intranet site, or may request a copy of the Affirmative Action Plan for review and return should no internet access be available.
Additional Salary Information: TS Banking Group offers great benefits including Paid Time Off, Health and Dental Insurance, Wellness Program, Gym Membership Reimbursement, 401K Contribution and Match
Internal Number: 512636-703865
About First National Bank and Trust
First National Bank & Trust Company is a community bank located in Clinton, Illinois.
Dedicated to community prosperity, the bank was chartered in 1872 under the name DeWitt County National Bank. The name was changed to First National Bank and Trust Company in 1974, and was recently acquired by TS Banking Group in 2017. With $181 million in assets, First National Bank is dedicated to community reinvestment and gives 10% of its net income back to the community.
The TS Banking Group is a joint venture between Treynor Bancshares, Inc., the bank holding company of Treynor State Bank (TS Bank), with banking assets of $375 million; and the newly formed bank holding company, TS Contrarian Bancshares, Inc. The TS Banking Group and two affiliated bank holding companies are headquartered in Treynor, IA, near the Omaha, NE MSA. In addition to the First National Bank acquisition, both The Bank of Tioga and Farmers State Bank of Crosby (which became a second branch of TBOT) in North Dakota, were also acquired by TS Banking Group.
The TS Banking Group is a dedicated community banking group focused on upholding a community bank management philosophy with the purpose of acquiring community ...banks in the upper Midwest. The overall objective of the acquisition strategy is to expand an organization with a client-focused operating efficiency that allows for the long-term prosperity of community banking. To achieve this goal the TS Banking Group must 1) preserve the 'local touch' at each community bank by allowing the acquired bank to focus their efforts on serving their clients and communities where they are located, and 2) harness the power of a multi-bank operating group to provide a high level of technology, risk management, and financial management.