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First Source Bank Mortgage Jobs in Michigan (NOW HIRING)

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Director of Mortgage Banking

Troy, MI · On-site

$100K - $600K/yr

Director of Mortgage Banking -- Troy, MI Commission only. No base. No cap. You get paid on your ... We'll walk you through the full override schedule on the first call. Benefits Health, dental, and ...

Take the first step towards a rewarding career in the mortgage industry with AD Mortgage. Our professional Recruitment team will reach out to you shortly! Connect with us : Explore our social media ...

Be Seen First

Director of Mortgage Banking

Troy, MI · On-site

$100K - $600K/yr

Director of Mortgage Banking -- Troy, MI Commission only. No base. No cap. You get paid on your ... We'll walk you through the full override schedule on the first call. Benefits Health, dental, and ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

At Mercantile Bank, we believe in empowering passionate professionals who thrive on forging genuine ... Enjoy a 401(k) match at 100% up to the first 5% of your contribution, access to our Employee Stock ...

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First Source Bank Mortgage information

What does a mortgage loan officer at First Source Bank do?

A First Source Bank Mortgage Loan Officer helps clients navigate the process of obtaining a mortgage to purchase or refinance a home. They assess a borrower's financial situation, explain different loan options, and guide applicants through the application and approval process. Mortgage loan officers also work with underwriters, real estate agents, and other parties to ensure a smooth transaction. Their goal is to match clients with the best mortgage products for their needs while providing excellent customer service.

What skills and qualifications are needed to thrive as a mortgage loan officer at First Source Bank?

To thrive as a Mortgage Loan Officer, you need a strong understanding of financial products, mortgage regulations, and lending procedures, usually supported by a bachelor’s degree in finance or a related field. Familiarity with loan origination systems, CRM software, and compliance certifications such as NMLS licensure is typically required. Excellent interpersonal skills, attention to detail, and the ability to build trust with clients set top performers apart. These skills are crucial for ensuring regulatory compliance, accurate loan processing, and delivering a positive customer experience in a competitive banking environment.

What are common challenges faced by mortgage professionals at First Source Bank, and how can new hires prepare for them?

Mortgage professionals at First Source Bank often encounter challenges such as keeping up with changing lending regulations, managing multiple loan files simultaneously, and ensuring clear communication between clients, underwriters, and realtors. New hires can prepare by familiarizing themselves with federal and state mortgage guidelines, developing strong organizational skills, and staying proactive in communication. Additionally, seeking mentorship from experienced colleagues and participating in ongoing training can help ease the transition and build confidence in handling complex loan scenarios.

What is the difference between First Source Bank Mortgage vs Mortgage Loan Officer?

AspectFirst Source Bank MortgageMortgage Loan Officer
CredentialsTypically requires mortgage licensing, state-specific certificationsRequires mortgage licensing, state-specific certifications
Work EnvironmentWorks within bank branches or corporate offices, focusing on bank-specific productsWorks in various settings, including banks, mortgage companies, or remotely, selling multiple lenders' products
Employer & Industry UsageEmployed by First Source Bank, part of banking and financial services industryEmployed by banks, mortgage companies, or as independent agents, in mortgage lending industry

First Source Bank Mortgage professionals focus on bank-specific mortgage products within a banking environment, while Mortgage Loan Officers may work for various lenders, offering a broader range of mortgage options across different institutions. Both roles require licensing and involve client consultation, but their work settings and product focus differ.

What are popular job titles related to First Source Bank Mortgage jobs in Michigan?

For First Source Bank Mortgage jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching First Source Bank Mortgage jobs in Michigan look for?

The top searched job categories for First Source Bank Mortgage jobs in Michigan are:

What cities in Michigan are hiring for First Source Bank Mortgage jobs?

Cities in Michigan with the most First Source Bank Mortgage job openings:

Commercial Banker IV, Kalamazoo, MI

Kalamazoo, MI


1st Source Bank
Commercial Banking • 1 - 5K employees

8.8

Company rating: 8.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

16th of 172 rated banks

Great coworkers

People enjoy working here

Good employer


Full-time

Re-posted 4 days ago


Job description

POSITION SUMMARY
Responsible for the growth and management of a portfolio of large sized business and very complex accounts.  Typically manages a portfolio from $40-$70MM.
ESSENTIAL REQUIREMENTS
  • Serves as business banking relationship manager for large sized business customers, providing them with a full range of financial services products; including loans, deposit services and all related business banking services that 1st Source offers.
  • Provides customers with the services/products that result in revenue to meet internal financial goals and control expenses.
  • Reviews and analyzes business plans for investment potential and monitors portfolio for quality and returns.
  • Provides qualified referrals to colleagues for the services/products that 1st Source offers for which they are the specialists.
  • Analyzes and approves credits within prescribed limit, typically handles relationships of $1MM+ and manages a large portfolio.
  • Documents bank/customer relationships and commitments.
  • Retains and strengthens current relationships and seeks to develop new business.
  • Reviews periodically the bank’s exposure and relative account profitability.
  • Performs financial reviews on a timely basis.
  • Complies with bank’s loan policies and procedures and legal requirements.
  • Performs supervisory responsibilities as requested.
  • Must have valid driver’s license.
  • Regular and predictable attendance is an essential requirement of the position. 
  • Completes all compliance training related to the position.
  • Understands all applicable laws and regulations that apply to the position and complies with the requirements.
NON-ESSENTIAL FUNCTIONS
  • Prepares reports for internal and external needs as required.
  • Performs all other duties as assigned.
EXPERIENCE/SKILLS
  • Ten (10) or more years Personal Banking or Business Banking sales experience preferred.
  • Good PC skills--proficiency in Microsoft Word and Excel essential.
  • Strong verbal and written communication skills with the ability to communicate with all levels internally and externally.
  • Ability to maintain effective relationships with internal service partners and customers in order to gain their trust and respect.
  • Customer service oriented.
  • Ability to handle multiple tasks in a fast-paced environment.
EDUCATION
Bachelor's Degree in business, economics, or finance is preferred.
TRAVEL REQUIREMENTS
Ability to travel to off-site locations for meetings, projects, seminars, etc., as well as ability to travel overnight.
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 to perform the essential functions.
While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.
EQUIPMENT
MS Office PC, fax, phone and standard office equipment.


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