Regions Bank
Overview
Mortgage Loan Officer directs origination of residential mortgage loans from a borrower through a branch network. Pay and Compensation
Base pay range: $20,000.00/yr - $100,000.00/yr. This position is commission-based; associates have historically earned total compensation averaging $20,000 - $100,000+ per year. Actual compensation varies based on location, performance, and production. Responsibilities
Completes mortgage applications for submission to the loan processing and underwriting departments Evaluates loan requests, analyzes financial data, and determines qualification of collateral and customer credit history Maintains contact with loan customers, communicates progress of loan and obtains required documentation Structures loans to comply with acceptable lending practices and Federal regulations Establishes detailed marketing/business plan 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 to promote and market loan products 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 realtors, builders, and financial planners Preferences
Bachelor's degree Prior Mortgage Loan Officer experience Skills And Competencies
Good organizational skills Knowledgeable of Mortgage products, systems, terminology, tax requirements, down payment assistance programs, etc. Knowledgeable on agency and investor regulations and guidelines Ability to build and maintain internal and external relationships to deliver high levels of service Ability to multi-task competing priorities and meet tight deadlines Proficient in Microsoft Office products Sales acumen Strong written and verbal communication skills Positions may be available in other cities within Alabama Strong preference for MLOs with recent proven production of 10M or greater annually Position Type
Full time Incentive Pay Plans
This role is eligible to participate in a commission incentive plan. Employees have the potential to earn commission based on performance against defined metrics and goals. Benefits
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 Associate Volunteer Program Location
Regions Center, Birmingham, Alabama Equal Opportunity
Equal Opportunity Employer/including Disabled/Veterans. 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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Mortgage Loan Officer directs origination of residential mortgage loans from a borrower through a branch network. Pay and Compensation
Base pay range: $20,000.00/yr - $100,000.00/yr. This position is commission-based; associates have historically earned total compensation averaging $20,000 - $100,000+ per year. Actual compensation varies based on location, performance, and production. Responsibilities
Completes mortgage applications for submission to the loan processing and underwriting departments Evaluates loan requests, analyzes financial data, and determines qualification of collateral and customer credit history Maintains contact with loan customers, communicates progress of loan and obtains required documentation Structures loans to comply with acceptable lending practices and Federal regulations Establishes detailed marketing/business plan 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 to promote and market loan products 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 realtors, builders, and financial planners Preferences
Bachelor's degree Prior Mortgage Loan Officer experience Skills And Competencies
Good organizational skills Knowledgeable of Mortgage products, systems, terminology, tax requirements, down payment assistance programs, etc. Knowledgeable on agency and investor regulations and guidelines Ability to build and maintain internal and external relationships to deliver high levels of service Ability to multi-task competing priorities and meet tight deadlines Proficient in Microsoft Office products Sales acumen Strong written and verbal communication skills Positions may be available in other cities within Alabama Strong preference for MLOs with recent proven production of 10M or greater annually Position Type
Full time Incentive Pay Plans
This role is eligible to participate in a commission incentive plan. Employees have the potential to earn commission based on performance against defined metrics and goals. Benefits
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 Associate Volunteer Program Location
Regions Center, Birmingham, Alabama Equal Opportunity
Equal Opportunity Employer/including Disabled/Veterans. Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting.
#J-18808-Ljbffr