Community Development Mortgage Loan Officer Trainee

Classification: Non-Exempt/Hourly

Job Type: Full-Time

Reports To: Senior Vice President of Lending
ABOUT US:

FCB Banks has been family-owned and managed for more than three generations. Our original banks opened in New Baden and Albers in 1901, and customers quickly associated FCB with quality service, competitive rates, and personal customer care. These qualities became the pillars of our business when First Collinsville Bank opened in 1990, and we began expanding throughout the area. We streamlined and simplified banking operations and officially changed our name to FCB Banks in 2017.

Today, we have seventeen locations in sixteen wonderful towns that serve customers in Illinois and Missouri. We pride ourselves on being locally owned and operated as well as a valued part of the community. Since 1901, our goal at FCB Banks has been to provide exceptional service to our valued customers.
JOB SUMMARY:

A Community Development Mortgage Loan Officer Trainee will learn the fundamentals of loan origination, assist loan officers and loan assistants, and gain experience in customer interaction, application processing, and credit analysis, ultimately preparing you for a loan officer role. Throughout the Loan Officer Trainee Program, the Trainee will be provided with a comprehensive understanding of banking procedures, policies, and practices. Once the Loan Officer Trainee Program is completed, the Community Development Mortgage Loan Officer is responsible for identifying and cultivating new lending opportunities to provide loans to achieve greater racial and economic equity.

They will have two primary responsibilities: first, to develop relationships with organizations that can refer borrowers needing financing, and second, to work closely with potential borrowers to understand their needs, determine a fit with FCB Bank's offerings, and structure the terms of a possible loan.
ESSENTIAL JOB DUTIES:

• Participate in training programs within numerous locations and bank departments to enhance knowledge and skills. This includes but is not limited to, classroom training, shadowing, working in the teller line, new accounts, and loan processing.
  • Learn about different loan products, lending processes, and industry best practices.
  • Learn and understand the fundamentals of banking operations, including customer service, account management, transactions, etc.
  • Observe experienced workers to acquire knowledge of the methods, procedures, and standards required for performing departmental duties.
  • Shadow other Loan Officers to help develop relationships, grow and maintain your loan portfolio, and provide servicing on existing loans.
• Interview applicants interested in obtaining loans (including real estate, consumer, and business loans).
  • Interview customers to gather credit application information concerning desires, abilities, and earnings to determine loan needs.
  • Explains loan options, rates, terms, and collateral requirements.
  • Arrange loan decisions and notification dates.
  • Cross-sells applicable insurance and other bank-related products and services associated with the loan.
• Underwrites loans.
  • Orders credit reports and verifies necessary data.
  • Analyzes debt-to-income ratio.
  • Evaluate and determine creditworthiness according to FCB's Loan policies.
• Makes credit decisions within established lending limits to approve or decline loans.
  • Makes real estate loans to customers within credit authority limits.
  • Communicates credit decisions to loan applicants.
  • Negotiates credit terms and repayment schedules.
  • Initiates written notification of adverse action for all appropriate loans.
  • Keeps informed of changing rules and regulations about private and government-insured mortgages.
• Schedules, coordinates, and conducts loan closing.
  • Review loan documents with customers.
  • Obtains customer's signature on loan documents.
  • Initiates disbursement of loan proceeds.
• Services loans in a portfolio to retain a high loan quality level.
  • Review the progress of loans periodically.
  • Monitors and follows up on Loan maturities and renewals.
• Monitors the delinquent reports and takes appropriate corrective action.
  • Corresponds with customers with delinquent accounts, and counsels borrowers to bring accounts current.
  • Handles follow-ups, collections, or problem loans or may personally visit delinquent customers.
• Works with internal and external auditors to ensure compliance with FCB's policies and procedures and federal and state regulations.
• Develops new business and expands existing relationships.
  • Participates in civic and community activities to generate visibility and contacts for the bank.
  • Cross-sells retail bank products and services.
  • Makes sales calls to existing and prospective clients to determine client's financial needs.
  • Develops relationships with referral partners, community organizations, housing agencies, local business leaders, realtors, builders, developers, and other referral sources.
• Focus on Community Reinvestment Act (CRA) and Multicultural Originations:
  • Generate residential mortgages to Low to…