Mortgage Loan Processor - Mercantile Bank

Are you a passionate problem solver with a keen eye for detail and a knack for ensuring smooth mortgage processes? Join Mercantile Bank as a Full-Time Mortgage Loan Processor! In this exciting role, you will have the flexibility (after training) to work a hybrid work schedule from a Mercantile Bank office that is close to your home. We have desks available in Alma, Grand Rapids, Holland, Kalamazoo, Lansing, Traverse City, Troy, West Branch, and Wyoming, Michigan. We are excited to see you at work. This is not a remote position and will require time worked in the office. As a Mortgage Loan Processor, you will earn $22.00 - $33.00 per hour and be eligible for a production incentive while helping customers achieve their dream of homeownership. Don't miss the chance to be part of a collaborative team that values excellence and innovation in the banking industry.

You will enjoy benefits such as multiple Medical, Dental and Vision plans to choose from, Company Paid Life Insurance of 3 times your annual salary, Health Savings Account, Flexible Spending Account, 3 weeks' vacation, sick time to care for yourself and your family, 11 paid holidays and a Giving Day to do work that you are passionate about in the community. We also offer Employee Assistance Program (EAP), Adoption and IVF Assistance, and a Fitness Equipment Purchase Plan.

Investing in your financial wellness and career development is also important to us. We provide 401(k) match at 100% up to the first 5% of your contribution Employee Stock Purchase Plan, 529 College Savings Plans, Discounted bank services, Legal protection, Tuition Reimbursement, Exceptional training, and development opportunities tailored to your career interests and goals.

A LITTLE ABOUT US

Mercantile Bank was created with a goal to deliver financial solutions that empower people and businesses to achieve their dreams, while bettering the lives of its employees and their communities. We have grown from a humble idea to over 40 locations, 5.25 billion in total assets, and nearly 700 employees.

Our values remain at the heart of everything we do - through inclusivity, innovation, and collaboration, we achieve excellence every day and are accountable not only to our customers, but to our employees and the communities in which we serve. We are proud to invest in our people and our communities, and our employees show their integrity in every interaction. We believe in hiring people based on their character and if necessary, teaching them the skills they need to be successful. We focus on developing employees and seek to promote from within whenever possible.

Our reputation as a great place to work didn't just happen. Our intentional efforts to provide excellent benefits, competitive wages and bonuses, volunteer opportunities, and many options for you to get involved, whether your interest is in learning more about banking, sharpening your leadership skills, or planning a fun activity we have a way for you to get connected with others in the bank and the community. We're proud (but honestly not that surprised) to be one of West Michigan's Best and Brightest Companies to Work For, 20 years and counting.

WHAT'S YOUR DAY LIKE?

We hope that you are ready to continue your Mortgage career with us. As a Mortgage Loan Processor at Mercantile Bank, you will play a key role in supporting 3-6 Loan Officers by overseeing the production of mortgage files from application to closing. Your responsibilities will include ordering, obtaining, and validating various documents critical to the loan process, ensuring regulatory timelines are met, and collaborating with customers and Loan Officers to collect necessary documentation. Your expertise in understanding Portfolio, secondary market, and investor guidelines will be essential as you submit loans through an Automated Underwriting System, analyze findings, and clear basic underwriting conditions.

With your proficiency in the Bank's Loan Origination System and other tools, you will assist in resolving loan file exceptions and obtaining final loan approvals.

REQUIREMENTS FOR THIS MORTGAGE LOAN PROCESSOR JOB

To excel as a Mortgage Loan Processor at Mercantile Bank, you must possess exceptional communication skills to interact effectively with customers, Loan Officers, Underwriters, and various stakeholders involved in the mortgage process. A minimum of 2 years of Mortgage Loan Processing experience is required, along with strong organizational skills and advanced computer proficiency in Microsoft Office Word and Excel. Knowledge of Freddie Mac, Fannie Mae, FHA, RD, and VA guidelines is essential, while experience with Encompass is preferred. Ideal candidates will have strong attention to detail skills, be adaptable, and have the ability to thrive in a fast-paced environment while meeting deadlines.

GET STARTED WITH OUR TEAM!

Join us for a rewarding career in mortgage processing! If you think this role will suit your needs, great! Applying is a piece of cake. Good luck - we're excited to meet you!