Mortgage Loan Originator
4 weeks ago
At Regions Bank, we are seeking a highly skilled Mortgage Loan Officer to join our team. As a Mortgage Loan Officer, you will be responsible for originating residential mortgage loans from borrowers through our branch network.
Key Responsibilities:- Completes mortgage applications for submission to the loan processing and underwriting departments
- Evaluates loan requests, analyzes financial data, and determines the qualification of collateral and customer credit history
- Maintains contact with loan customers, communicating progress of the loan and obtaining any required documentation
- Structures loans to comply with acceptable lending practices and Federal regulations
- Establishes detailed marketing/business plans, including names of potential and existing loan customers, realtors, builders, developers, etc., and frequency of contact
- Answers customer calls and walk-in customers to discuss various loan products and qualification information
- Makes sales calls on potential or existing customers as established in Regions' marketing plan to develop new business or retain existing business
- Cross-sells other bank products and services
- Reads surveys and appraisals, and takes necessary steps to correct encroachments and violations
- May participate in networking through professional, business, and community organizations and activities to promote and market loan products
This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act. Compensation is commission-based, and this role is eligible to participate in a commission incentive plan.
Requirements:
- High School Diploma or GED
- One (1) year of mortgage lending experience with proven mortgage production
- Abundant mortgage experience in developing external business via referral partners in the market, including but not limited to realtors, builders, and financial planners
Preferred qualifications include a Bachelor's degree and prior Mortgage Loan Officer experience. Skills and competencies required include good organizational skills, knowledge of mortgage products, systems, terminology, tax requirements, down payment assistance programs, etc., and knowledge of agency and investor regulations and guidelines.
Regions offers a benefits package that is flexible, comprehensive, and recognizes that 'one size does not fit all' for benefits-eligible associates. This role is full-time and offers a range of benefits, including paid vacation/sick time, 401K with company match, medical, dental, and vision benefits, disability benefits, health savings account, flexible spending account, life insurance, parental leave, employee assistance program, and associate volunteer program.
We are an equal opportunity employer and welcome applications from diverse candidates. Please note that job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting.
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