Commission-Based Mortgage Loan Officer: High Earnings

Regions Bank; Madison (AL); On-site; USD 20,000 - 100,000; Full time

Benefits offered by this job

Paid vacation

401(k) with company match

Medical, Dental and Vision Benefits

Parental Leave

Job summary

Regions Bank is seeking a Mortgage Loan Officer to originate residential mortgage loans through a branch network. You will complete applications, evaluate requests, and maintain client relationships while cross-selling bank products.

Responsibilities include marketing to builders, realtors, and financial planners, and ensuring compliance with Federal regulations. This role is commission-based with potential for substantial earnings.

Qualifications

• High School Diploma or GED required.
• 1 year mortgage lending experience with proven production.
• Experience developing external business via referral partners (realtors, builders, financial planners).
• Bachelor's degree preferred.
• Knowledge of mortgage products, systems, terminology, tax requirements, and down payment assistance programs.
• Familiarity with agency and investor regulations and guidelines.

Responsibilities

• Completes mortgage applications for submission to 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 and communicates progress and required documentation.
• Structures loan to comply with lending practices and Federal regulations.
• Develops detailed marketing plans and target lists of potential customers and partners.
• Responds to customer calls and walk-in inquiries about loan products and qualifications.
• Makes sales calls to develop new business or retain existing customers.
• Cross-sells other bank products and services.

Skills

Mortgage lending experience

Sales acumen

Relationship building

Organizational skills

Knowledge of mortgage products

Knowledge of agency/investor regs

Communication skills

Multi-tasking

Education

High School Diploma or GED

Bachelor's degree

Tools

MS Office

Job description

Regions Bank is seeking a Mortgage Loan Officer to originate residential mortgage loans through a branch network. You will complete applications, evaluate requests, and maintain client relationships while cross-selling bank products.

Responsibilities include marketing to builders, realtors, and financial planners, and ensuring compliance with Federal regulations. This role is commission-based with potential for substantial earnings.