Mortgage Loan Officer

Overview

Thank you for your interest in a career ions believes associates deserve more than just a job and offers performance-driven individuals a place to build a career with opportunities for growth. If you are results-focused, committed to quality, integrity, and success, Regions may be your employer of choice.

Regions is dedicated to safeguarding private and personally identifiable information submitted for job opportunities. The information you submit will be collected and reviewed by Regions associates, consultants, and vendors to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Information will be stored in accordance with regulatory requirements and Regions’ Retention Schedule for a minimum of three years.

You may review, modify, or update your information by visiting and logging into the careers section of the system.

Mortgage Loan Officer directs origination of residential mortgage loans from a borrower through a branch network.

• 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 loan to comply with acceptable lending practices and Federal regulations
• Establishes a 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 and activities to promote and market loan products

This position requires time-tracking and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

This is a commission-based job. Associates have historically earned total compensation averaging $20,000 - $100,000+ per year. Actual compensation will vary based on location, performance, and production.

This position requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS). For more information, refer to the National Mortgage Licensing System and Registry.

• High School Diploma or GED
• One (1) year of mortgage lending experience with proven mortgage production
• Extensive mortgage experience in developing external business via referral partners (e.g., realtors, builders, financial planners)

• Bachelor’s degree
• Prior Mortgage Loan Officer experience

• Good organizational skills
• Knowledge of mortgage products, systems, terminology, tax requirements, and down payment assistance programs
• Knowledge of 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, manage priorities, and meet deadlines
• Proficiency with Microsoft Office
• Sales acumen
• Strong written and verbal communication skills

• Position availability may be in other cities within Alabama.

• Strong production preference for MLOs with recent proven production of 10M or greater annually.

Full time

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.

Regions offers a benefits package that is flexible and comprehensive. Listed below is a synopsis of the benefits offered for informational purposes, not a complete summary of plan terms and conditions.

• Paid vacation/sick time
• 401(k) 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

Benefits and plans may be changed at Regions’ discretion. For more details, refer to the benefits information provided by Regions.

Please note:

Regions is an Equal Opportunity Employer including Disabled/Veterans. Job applications are accepted electronically through our career site for a minimum of five business days from the posting date. Higher-volume positions may remain active longer or be closed at Regions’ discretion.

Location:

Regions Center, Birmingham, Alabama