Mortgage Loan Officer - Tennessee

Regions Bank•Memphis, TN

1d•$20,000 - $100,000

About The Position

At Regions, the Mortgage Loan Officer directs origination of residential mortgage loans from a borrower through a branch network. Primary Responsibilities Completes mortgage applications for submission to the loan processing and underwriting departments Evaluates loan requests, analyze financial data, and determines qualification of collateral and customer credit history Maintains contact with loan customer, communicating progress of loan and obtaining any required documentation Structures loan 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 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. This is a commission-based job. Associates in the role have historically earned total compensation averaging $20,000 - $100,000+ per year. Actual compensation will vary based on associate’s location, performance, and production. This position requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS). Please refer to https://fedregistry.nationwidelicensingsystem.org for more information.

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
This position requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS).

Nice To Haves

Bachelor's degree
Prior Mortgage Loan Officer experience
Mortgage Loan Officers with a minimum of 1M per month average proven production volume
Current mortgage origination experience

Responsibilities

Completes mortgage applications for submission to the loan processing and underwriting departments
Evaluates loan requests, analyze financial data, and determines qualification of collateral and customer credit history
Maintains contact with loan customer, communicating progress of loan and obtaining any required documentation
Structures loan 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 and activities to promote and market loan products