Mortgage Loan Officer - Texas (Dallas, Houston, San Antonio, Ft Worth, Austin)
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About The Position
At Regions, the Mortgage Loan Officer plays a crucial role in directing the origination of residential mortgage loans from borrowers through a branch network. This position is essential for ensuring that the mortgage application process is smooth and efficient, providing a high level of service to customers while adhering to regulatory requirements. The Mortgage Loan Officer is responsible for completing mortgage applications and submitting them to the loan processing and underwriting departments. They evaluate loan requests, analyze financial data, and determine the qualification of collateral and customer credit history, ensuring that all loans comply with acceptable lending practices and federal regulations. Maintaining contact with loan customers is a key responsibility, as the Mortgage Loan Officer communicates the progress of loans and obtains any required documentation. They also structure loans to meet the necessary guidelines and establish a detailed marketing/business plan that includes potential and existing loan customers, realtors, builders, and developers. This proactive approach is vital for developing new business and retaining existing customers. The Mortgage Loan Officer answers customer inquiries, discusses various loan products, and makes sales calls as outlined in Regions' marketing plan. Additionally, they cross-sell other bank products and services, enhancing the overall customer experience. The role may also involve networking through professional, business, and community organizations to promote and market loan products. It is important to note that this position requires tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act. Compensation for this role is commission-based, and it requires registration with the Nationwide Mortgage Licensing System and Registry (NMLS).
