Dynamic Mortgage Loan Officer - Commission-Based Earnings

Regions Bank; Sparta (IL); On-site; USD 60,000 - 120,000; Full time

Benefits offered by this job

401K with Company Match

Medical, Dental and Vision Benefits

Paid Vacation/Sick Time

Health Savings Account

Job summary

Regions Bank in Alton, Illinois is seeking a Mortgage Loan Officer to direct the origination of residential mortgage loans through our branch network. You will complete applications, evaluate requests, maintain contact with customers, and structure loans to comply with lending practices and regulations.

You will develop external business via referrals, cross-sell bank products, and participate in a commission-based incentive plan.

Qualifications

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

Responsibilities

• 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, 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.

Skills

Organizational skills

Mortgage products

Agency regulations

Relationship management

Multi-tasking

Microsoft Office

Sales acumen

Written and verbal communication

Education

High School Diploma or GED

Bachelor's degree

Tools

Microsoft Office

Job description

Regions Bank in Alton, Illinois is seeking a Mortgage Loan Officer to direct the origination of residential mortgage loans through our branch network. You will complete applications, evaluate requests, maintain contact with customers, and structure loans to comply with lending practices and regulations.

You will develop external business via referrals, cross-sell bank products, and participate in a commission-based incentive plan.