Mortgage Loan Officer - Indiana (Multiple Locations)

Regions Financial Corporation; Indianapolis (IN); On-site; USD 20,000 - 100,000; Full time

Benefits offered by this job

Paid Vacation/Sick Time

401K with Company Match

Medical, Dental and Vision Benefits

Disability Benefits

Health Savings Account

Flexible Spending Account

Life Insurance

Parental Leave

Employee Assistance Program

Associate Volunteer Program

Job summary

Regions Financial Corporation in Indianapolis seeks a Mortgage Loan Officer to originate residential mortgage loans from initial application to closing. You will manage customer relationships, coordinate with processing and underwriting, and ensure compliance with lending rules.

The role emphasizes external business development with referral partners and active cross-selling of bank products, with earnings tied to performance and production.

Qualifications

• High School Diploma or GED required.
• At least 1 year mortgage lending experience.
• Experience developing external business via referrals (realtors, builders, planners).

Responsibilities

• Completes mortgage applications for submission to processing and underwriting.
• Evaluates loan requests, analyzes financial data, and determines qualification of collateral and credit history.
• Maintains contact with loan customers and communicates loan progress; obtains required documentation.
• Structures loans to comply with lending practices and federal regulations.
• Develops detailed marketing plans and maintains relationships with potential and existing customers.
• Addresses inquiries from customers and walk-ins about loan products and qualification information.
• Performs sales calls to develop new business or retain existing clients; cross-sells bank products.
• Reads surveys and appraisals; addresses encroachments and violations as needed.
• Participates in networking to promote loan products.

Skills

Organizational skills

Mortgage products knowledge

Regulatory knowledge

Relationship building

Multi-tasking

MS Office

Sales acumen

Verbal communication

Education

High School Diploma or GED

Bachelor's degree

Tools

Microsoft Office

Job description

Job Description:

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

Preferences

• Bachelor's degree
• Prior Mortgage Loan Officer experience

Skills and Competencies

• Good organizational skills
• Knowledgeable of Mortgage products, systems, terminology, tax requirements, down payment assistance programs,etc.
• Knowledgeable on agency and investor regulations and guidelines
• Must be able to build and maintain internal and external relationships to deliver high levels of service
• Must be able to multi-task competing priorities and meet tight deadlines
• Proficient in Microsoft Office products
• Sales acumen
• Strong written and verbal communication skills

Positions may be available in other cities within Indiana

Preferred

• Mortgage Loan Officers with a minimum of $1M per month average proven production volume

• Current mortgage origination experience

Position Type

Full time

Incentive Pay Plans

This role is eligible to participate in a commission incentive plan. Employees have the potential to earn commission based on performance against defined metrics and goals.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please copy the link below to your browser.

https://www.regions.com/about-regions/welcome-portal/benefits

Location Details

One Indiana Square

Location

Indianapolis, Indiana

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.