Eric D. Schmidt
Whitefish,MT
Summary
Accomplished banking leader with 10+ years of progressive execution in mortgage product strategy, market expansion, and team development. Proven ability to lead multi-branch operations, grow portfolios, and manage full P&L responsibilities. Deep experience in mortgage lending across secondary, construction, and portfolio products. Skilled in aligning customer needs with high-performing financial solutions while fostering strong community and client relationships.
Overview
10
10
years of professional experience
Work History
President
First Interstate Bank
01.2022 - Current
- - Direct operations across 3 branches with 30+ staff, ensuring profitability, retention, and growth.
- - Oversee $130MM-$160MM in loans and $250MM in deposits across commercial and consumer portfolios.
- - Personally manage a $25MM-$30MM commercial loan portfolio and $30MM in deposits.
- - Drive local engagement through strategic networking, aligning business growth with community impact.
Mortgage Sales Manager
Northwest Montana
01.2016 - 01.2022
- - Led $90MM-$130MM annually in diverse mortgage originations: secondary, portfolio, construction, HELOANs.
- - Grew internal residential portfolio by over $100MM.
- - Supervised and developed a 5-member Home Loans team, resulting in a 250% increase in production.
- - Ensured compliance with credit policies and margin requirements while enhancing client satisfaction and referral networks.
Mortgage Loan Officer
Flathead Market
01.2015 - 01.2016
- - Originated and closed a broad range of residential mortgage products.
- - Built and maintained strong realtor and client relationships to foster long-term business.
Education
Bachelor of Science - Business Finance, Minor in Accounting
Montana State University
Bozeman, MT01.2009
Skills
- - Mortgage Product Lifecycle Management
- - Strategic Planning & Market Expansion
- - Leadership of Cross-functional Teams
- - Mortgage, Commercial & Consumer Lending
- - Secondary Market & Portfolio Loan Expertise
- - Regulatory Compliance
- - Profit & Loss Management
- - Client Relationship Development
- - Community & Board Engagement
- - Organizational leadership
- - Leadership team building
Timeline
President
First Interstate Bank
01.2022 - Current
Mortgage Sales Manager
Northwest Montana
01.2016 - 01.2022
Mortgage Loan Officer
Flathead Market
01.2015 - 01.2016
Bachelor of Science - Business Finance, Minor in Accounting
Montana State University
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