Mortgage Loan Originator

Employment Type

: Full-Time

Industry

: Financial Services - Banking/Investment/Finance



Job Description

:

At Regions, the Mortgage Loan Originator 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.

    *Compensation is Commission based

    This position requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS). Please refer to (http://mortgage.nationwidelicensing.org) for more information.

    Requirements

  • High school diploma or GED
  • Three (3) years 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.
  • Preferences

  • Bachelor's degree
  • Prior Mortgage Loan Originator experience
  • Skills and Competencies

  • Knowledgeable of Mortgage products, systems, terminology, tax requirements, etc.
  • Sales acumen
  • Knowledgeable on agency and investor regulations and guidelines
  • Must be able to multi-task competing priorities and meet tight deadlines
  • Must be able to build and maintain internal and external relationships to deliver high levels of service
  • Strong written and verbal communication skills
  • Good organizational skills
  • Proficient in Microsoft Office products
  • * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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