VP Mortgage Lending at Old Second National Bank

Sycamore, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

18 Feb, 26

Salary

17.31

Posted On

20 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Sales Ability, Marketing, Residential Lending, Consumer Lending, Retail Banking, Customer Satisfaction, Community Engagement, Loan Origination, Government Regulations, Organizational Skills, Follow Up Skills, Team Relationship, Documentation Collection, Communication Skills, Networking

Industry

Banking

Description

Who We Are At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started. With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together! Position Overview This position is primarily responsible for proactively developing and maintaining a network of realtors and other sources of business through outside sales efforts (at least 50% of work time) in order to originate quality residential mortgage loans in accordance with Old Second policies and procedures. Loan officers are also required to visit all Bank Branches assigned a minimum of once a week. Essential Job Functions Proactively source and originate new mortgage loans by spending at least 50% of work time on outside sales activities. Customarily and regularly engage in making and soliciting loan sales and conducting sales related activities outside of Old Second locations. Establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. Conduct preliminary review of completed loan applications; Submit to processing and underwriting for approval. Ensure customer satisfaction by maintaining thorough knowledge of lending programs and by maintaining consistent and thorough communication with involved parties throughout loan process. Identify and participate in appropriate community and or business groups to develop and maintain business relationships. Attend functions within their respectable area. Work closely within assigned branch(es) to obtain and close internal referrals. Coordinate morning training huddles with all bank branches bi-weekly. Use SalesForce to keep internal referral partners up to date with the progress of their referral customers. Minimum Requirements High school diploma (or equivalent) and three or more years of residential and/or consumer lending experience, or retail banking experience; or equivalent combination of education and experience. This is an onsite position. Must be available to work onsite a minimum of four days per week. Must obtain and maintain NMLS registration. After hire, must meet Residential Lending Minimum Production Standards Competencies Demonstrated sales ability and experience marketing to real estate community Experience originating conventional and government single family and multi-family (1-4) residential loans Knowledge of government regulations and secondary market standards Self motivated, high energy, and excellent organizational and follow up skills Thorough knowledge of lending regulations, conventional and/or government loan regulations and compliance Professional appearance and demeanor Maintain and demonstrate a team relationship with all employees. Setting proper expectations with customers according to market conditions along with collecting upfront documentation as needed. Location Details This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. This role may require onsite work at multiple locations. Actual schedule requirements may vary based upon business needs. Compensation & Benefits Base pay: $17.31/hour Commission: 40 – 100 basis points for standard loans dependent on referral type, based on closed loan volume; and 35 basis points for construction loans, based on closed loan volume. Refer to plan for specific details. This is an estimate based upon current compensation structure and is not intended as a contract or guarantee; compensation plans are subject to change; refer to VP Mortgage Lending agreement for detailed information. Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience. Benefits: How We Support You - Old Second Thanks for considering Old Second!

Responsibilities

The VP Mortgage Lending is responsible for proactively developing and maintaining a network of realtors and other sources of business to originate quality residential mortgage loans. This includes engaging in outside sales activities and ensuring customer satisfaction throughout the loan process.