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Seeking Loan Processor/Underwriter

 

Location: Manteno, Illinois

Wage/Salary: $16.25 - $19.90/hourly

Hours: 40 hours per week, Monday through Friday. (No fixed schedule, the hours vary upon bank needs.)

To apply: Visit the employment section of our website at: www.homestarbank.com to fill out our online application.

Position Summary:

Responsible for processing / underwriting and evaluating all credit and Secondary Market loan applications in order to maximize company profits and minimize risk or loss. Typing closing of loans through activities such as processing loan documentation by verifying the accuracy of completion.

The listings below are intended to describe the general content of basic requirements of this job. It is not intended as an all-inclusive description of duties, responsibilities or requirements.

Principal Duties and Responsibilities:

1. Process applications

       -Enter application into Loan Origination System

       -Pull credit reports

2. Process new starts

      -Prepare and mail early disclosures

      -Prepare and send Commitment/Approval letters

      -Order appraisals, title work, flood determination, etc

      -Prepare and mail Letter of Understanding

      - Prepare and send commitment / approval letter

3. Underwrite files

      -Review appraisals

      -Review title work

      -Review purchase contracts

      -Review homeowners / flood insurance

      -Reconcile debt from credit report – update loan system

      -Analyze ratios

      -Analyze self-employed income

      -Calculate qualifying income – update loan system

      -Verify funds for closing-gift money, liquid assets, sale of property, etc.

      -Determine if loan is a HOEPA loan

      -Determine if PMI is needed

4. Determine if additional documentation is needed to complete the loan file and keep in compliance with Secondary Market requirements.

5. Update & Maintain tracking system for each loan file.

6. Communicate with Loan Officers regarding particulars of loan files

7. Determine when a file is ready for the Loan Officer to schedule closing

8. Write-up closing instructions

9. Type Closings from other Underwriters / Loan Officers

10. Maintain LIP filing

11. Process payoffs

12. Prepare and scan annual adverse action files / withdrawn files

13. Prepare mortgage modifications

14. Prepare extensions

15. Process construction draws

16. Disburse closing packages

17. Achieve annual referral expectations for the Bank

18. Other duties as assigned

Education and Experience Requirements:

1. Minimum 1 year experience underwriting non-secondary market loans preferred.

2. High School education required.

Skills and Abilities:

1. Functionality and operation of Microsoft Windows, Word and Excel

2. Knowledge of ITI system

3. Honesty

4. Team player

5. Ability to provide exceptional customer service and ensure others do the same

6. Excellent communication skills, both verbal and written

Physical Requirements:

1. Computer use up to 7 hours a day

2. Lifting of weights up to 20lbs


HomeStar is an Equal Opportunity/Affirmative Action Employer, Minority/Female/Disabled/Veteran.

 

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Mortgage Loan Originator Needed

 

Alliance Community Bank, Petersburg, IL

At Alliance Community Bank, the mortgage loan originator will help lead the bank’s mortgage lending efforts in the Central Illinois market. 

Primary Responsibilities:

  • Completes mortgage applications for submission to the loan processing and underwriting departments
  • Evaluates loan requests, analyzes financial data and determines qualification of collateral and customer credit history
  • Maintains contact with loan customer, communicating progress of loan and obtaining any required documentation
  • Prepares files for underwriting, loan committee, private mortgage insurance company and investor including preparation of loan approval sheet
  • Structures loan to comply with acceptable lending practices and Federal regulations
  • Establishes detailed marketing/business plan including names of potential and existing loan customers, realtors, builders, developers, etc. and frequency of contact
  • Answers customer calls and walk-in customers to discuss various loan products and qualification information
  • Makes sales calls on potential or existing customers in established marketing areas
  • Cross-sells other bank products and services
  • May participate in networking through professional, business and community organizations and activities to promote and market loan products 

Requirements:

  • High school diploma or GED. College degree is preferred.
  • Two years of mortgage lending experience preferred, with proven mortgage production. 
  • Abundant mortgage experience in developing external business via referral partners in the market, including but not limited to realtors, builders and financial planners.
  • Knowledgeable of mortgage products, systems, terminology, tax requirements, etc.
  • Must be able to multi-task competing priorities and meet tight deadlines.
  • Must be able to build and maintain internal and external relationships to deliver high levels of service.
  • Strong written and verbal communication skills
  • Good organizational skills
  • Proficient in Microsoft Office products 

This position requires registration with the national Mortgage Licensing System and Registry (NMLS). Please refer to (http://mortgage.nationwidelicensing.org) for more information. NMLS Registration

Alliance Community Bank is an Equal Opportunity Employer. 

Please send resumes to:

Leigh Ann Harrison, Compliance/HR Officer

Alliance Community Bank

321 N. Sixth Street

P.O. Box 470

Petersburg, IL 62675

lharrison@bankacb.com

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Commercial Lender Needed

Jersey State Bank has an immediate opening for an experienced commercial lender who will be responsible for maintaining and growing a mature loan portfolio; attracting new business and expanding current business relationships. This candidate will join the bank’s management team with a potential path to executive management. 

Excellent salary and benefits package. 

Resumes should be emailed to Hiring@jsbmail.com

For additional information contact Mark Schaefer at 618-498-6466.

EOE

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Seeking Chief Lending Officer

Jersey State Bank has an immediate opening for a chief lending officer who will be a member of the Executive Leadership Team and will be involved in major decisions for the organization.

This person will direct and supervise all phases of lending operations, including activities for loan origination and servicing and credit risk management activities and needs.

Strong supervisory skills, training and developing loan officers, and marketing and communications are essential.

Excellent salary and benefits package.

Resumes should be emailed to Hiring@jsbmail.com

For additional information, please contact Mark Schaefer at 618-498-6466.

EOE

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AG LENDER and FARM MANAGER NEEDED

 

The Gerber State Bank of Argenta, IL, is a locally owned community bank that has an immediate opening for an ag lender and farm manager.

Job Purpose:

·         Maintain existing portfolio and develop new accounts

Loan Duties:

·         Evaluate loan applications and documentation by confirming credit worthiness

·         Maintain credit files on customers

·         Develop new customer relationships

Farm Management Duties:

·         Meet with farm tenants

·         General knowledge of government programs and crop insurance

·         Help plan marketing strategies

·         Help maintain farm records and reports

Preferred Job Requirements:

·         At least five years banking experience

·         Experience in ag lending

·         Basic knowledge on lending compliance

·         Management skills

Please email or mail resume to:

Larry Bennett

The Gerber State Bank

P.O. Box 410

Argenta, IL  62501

lbennett@gerberstatebank.com

The Gerber State Bank is an Equal Opportunity Employer