Residential Mortgage Loan Officer — Commission-Based Growth

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

Job summary

Regions Bank is seeking a Mortgage Loan Officer in Alton, Illinois. You will originate residential mortgage loans through a branch network, handle applications, analyze credit data, and maintain client relationships to drive production.

The role involves meeting lending regulations, networking with Realtors and partners, and crossing-sell bank products. It is commission-based with potential for substantial total compensation, and requires NMLS registration.

Qualifications

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

Responsibilities

• Completes mortgage applications for submission to loan processing and underwriting.
• Evaluates loan requests, analyzes financial data, and determines qualification of collateral and credit history.
• Maintains contact with loan customers, communicating progress and requesting documentation.
• Structures loans to comply with lending practices and regulations.
• Establishes marketing plans and frequency of contact with potential and existing customers.
• Answers calls and walk-in clients to discuss loan products and qualification information.
• Makes sales calls to develop new business or retain existing business.
• Cross-sells bank products and services.
• Reads surveys and appraisals and addresses issues as needed.

Skills

Organizational skills

Mortgage products knowledge

Agency/regulatory knowledge

Relationship building

Multi-tasking

Microsoft Office

Sales acumen

Communication skills

Education

High School Diploma or GED

Bachelor's degree

Tools

Microsoft Office

Job description

Regions Bank is seeking a Mortgage Loan Officer in Alton, Illinois. You will originate residential mortgage loans through a branch network, handle applications, analyze credit data, and maintain client relationships to drive production.

The role involves meeting lending regulations, networking with Realtors and partners, and crossing-sell bank products. It is commission-based with potential for substantial total compensation, and requires NMLS registration.