NMLS# 423112

First Midwest Bank

Lender Summary

Welcome to First Midwest Bank. We provide more than just loans, mobile banking, and financial planning. We provide momentum. For your business. Your finances. Your life.
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What they're saying

Ratings & Reviews
111 Reviews
  • Interest Rates
  • Fees & Closing Costs
  • Responsiveness
  • Customer Service

Review Breakdown

  • 5 Star
  • 4 Star
  • 3 Star
  • 2 Star
  • 1 Star
Showing 1 star reviews | Show all reviews

Refinance is still going on at 3 months!

Okay, I admit that if it closes great! But, this has been an ordeal where they constantly ask for the same information and then ask for it again. Then they say "almost there." Then more information needed. The portal says "you're all done, then guess what? they ask for more! I have a credit rating of 734, and made 4 mortgage payments in a row after the pandemic forced me to do forbearance for two months. I ended it early and then paid up three months in advance. What does First Midwest do? They asked for another payment to be made and blamed the original mortgage company. I even told the loan officer that if they were going to turn it down then turn it down so I can go to a better lender! I will complete my loan hopefully soon but I would NEVER recommend this company!!!!!

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    Lender Review

Rates were great, but service and process HORRIBLE

With over 30 years in the consumer services field myself, I understand the value and need to share not only legitimate complaints, but positive feedback as well. Unfortunately, this is not the latter.
I cannot begin to share in depth the nature of my dissatisfaction with this organization and the parties who handled my refinance. It was headed by Chris B, loan originator.
We certainly recognize that times have changed with the Covid-19 pandemic and I listened to that as an excuse for weeks, and accepted it generally as to be reasonable and understanding. However, the major basis of my complaint, and reason we will take the time to document and share such a poor experience goes beyond just the time it took (over 2.5 months) to get this done. Let's just say had I received the email I got yesterday within the 72 hour period to cancel the loan, it would have been!
The loan officer, Chris B, had the worst Communication, Attention to detail, and professional advocacy that we have encountered. He had an excuse for everything and it's apparent his organizational skills are lacking. The outsourced, apparent overseas, loan processor only corresponded late at night (time zone variance I assume.) The Communication amongst them was missing glaringly, and they constantly just kept muffling the process. We nearly stopped the refinance several times and honestly had it not been for the Covid-19 and our attention focused elsewhere, we WOULD HAVE!
We had enormous equity in our home, it should've been a straight forward refinance, and I feel quite often we were asked for unnecessary documentation duplicate times, even after producing.
We understand the process and business of mortgage lending. Other lenders solicited us to close with them (even providing 10-20 day closing guarantees), but had already paid for appraisal and rate was 3.125% so we stuck it out.
Our documentation, records, and emails support every bit of the complaints and therefore hopefully real Quality Assurance, Training, and Monitoring will become more of their focus. It's easy when rates and times like this have record breaking applications and hundreds of millions of dollars in profits to be made, but when that dries up, service and professionalism will be the core of those who survive and endure.
If their rates are WELL below others and you can deal with unprofessional responses, poor communication and a lengthy process (had excellent credit, all documents, tons of equity, this should've closed in 20 days tops) then use them, if NOT, go elsewhere.

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    Lender Review

Serious waste of time

A simple “personal loan” became a game of “now we need”. Was touted as a quick process. the loan is obviously a consolidation loan - which would be fine. If you don’t like playing games and jumping through hoops dont bother with this “bank” the interest quoted has gone up and they haven’t done anything yet

  • Loan Type:

    Personal Loan
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    Lender Review

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First Midwest Bank

Customer Satisfaction rating is based directly on customer ratings and reviews. Customers rate lenders on their customer service, interest rates, fees and closing cost and overall experience.

LendingTree Certification:

The LendingTree Certification Program recognizes Lenders and Loan Officers with outstanding performance on the LendingTree Network, they are committed to providing exceptional customer service and are graduates of LendingTree University.

LendingTree Certification:

  • Certified Lender
    Certified Lenders have demonstrated their organizational commitment to employee development, at least 50% of their loan professionals have been certified while also providing exemplary service to LendingTree consumers.

Loan Officer Certifications:

  • Gold Leaf
    Gold Leaf is the cornerstone of the loan officer certification program and is designed to recognize loan officers committed to their own professional development while adhering to LendingTree best practices. Gold Leaf recipients know the fundamentals of LendingTree and online lending, they are equipped with the necessary skills to be best-in-class loan professionals.
  • Certified President's Club
    President’s Club is presented to an elite group of loan officers based on success levels in several areas including adherence to LendingTree best practices, commitment to professional development and dedication to customer excellence. Recipients have also met all Gold Leaf criteria.

First Midwest Bank

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