Mortgage Loan Officer - Texas
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About The Position
At Regions, the Mortgage Loan Officer plays a crucial role in directing the origination of residential mortgage loans from borrowers through a branch network. This position is designed for individuals who are focused on results and dedicated to quality, strength, and integrity. The Mortgage Loan Officer is responsible for completing mortgage applications and submitting them to the loan processing and underwriting departments. They evaluate loan requests, analyze financial data, and determine the qualification of collateral and customer credit history. Maintaining contact with loan customers is essential, as the officer communicates the progress of loans and obtains any required documentation throughout the process. In addition to processing applications, the Mortgage Loan Officer structures loans to comply with acceptable lending practices and federal regulations. They are also tasked with establishing a detailed marketing and business plan that includes potential and existing loan customers, realtors, builders, and developers, along with the frequency of contact. The officer answers customer inquiries, both over the phone and in person, discussing various loan products and qualification information. They make sales calls on potential or existing customers as outlined in Regions' marketing plan to develop new business or retain existing business, while also cross-selling other bank products and services. The role may involve reading surveys and appraisals, taking necessary steps to correct encroachments and violations, and participating in networking through professional, business, and community organizations to promote and market loan products. This position requires tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act. Compensation for this role is commission-based, and it requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS).
