First Midwest Bank Now Offers Online Mortgages | Northwest Indiana Commercial Securities

First Midwest Bank is expanding its online consumer lending to include mortgage and real estate financing projects.

The bank was already offering applications for car loans, home equity loans and personal loans online. Chicago-based First Midwest, which has a large retail presence in the Calumet area, closed nearly 9,000 loans through its online consumer lending platform in 2018 and expects that number is increasing this year.

“We continue to adapt to our customers’ preferences for how they want to interact with their financial partner,” said Thomas Prame, Midwest Senior Executive Vice President and Chief Consumer Banking Officer. “We have a proven track record of creating a superior customer experience through our online consumer lending platform which not only differentiates us from the market, but adds diversification to our growth options. Our Direct Mortgages team replicates this model and expands our ability to better serve our clients. »

The bank has hired Chris Conway to lead its mortgage direct channel team.

First Midwest is one of the largest publicly traded banks based in Chicago with approximately $17 billion in assets and $12 billion in assets under management. The bank has branches in Crown Point, Dyer, East Chicago, Gary, Griffith, Hammond, Highland, Merrillville, Munster, Schererville and St. John. It closed several of its northwest Indiana branches last year as part of its “Delivering Excellence” initiative as it seeks to focus on digital.

Janet E. Fishburn