Teresa Downey
VP, Producing Production Manager
- Cell: (678) 873-2957
- 117 Towne Lake Parkway, Suite 110, Woodstock, GA 30188
- NMLS ID #: 658841
Q&A with Teresa Downey
What made you decide to be a BankSouth Loan Officer?
I didn’t. My career chose me. I started working in the mortgage industry in 1988 as a part-time employee. My role grew from junior processor through the operations side, including underwriting. I joined the sales team as a production partner to a top producer in 2001 and began originating my own book of business in 2012.
What accomplishments you’re most proud of?
Raising my children. I have 2 adult children. Both are successful. Both have a strong work ethic and treat others with kindness and respect. They’ve both told me that their father and I showed them what love looked like and how to treat other people.
What is your biggest success professionally? Why was it a big success?
Being awarded the rising star award in 2012. That was my first year originating my own book of business. It was a statement from the leadership that they believed in me and that YES, I could do this.
What makes you different than others in your profession?
I will still meet a client in person. In a time that everything is digital, I find that the borrowers and agents in the area that I serve still like to meet in person. I will meet them in person for application and I attend 90% of my closings. I consider my support staff as equal teammates and I recognize that they are a very important part of the transaction from the beginning to the end. I think it’s important to make them feel valued.
What do you enjoy doing on weekends?
In the fall, I watch college football with my sister. In the summer, I spend time on the lake, we have a pontoon boat. We enjoy having our friends join us. I have a new grandbaby so I spend the weekends visiting him.
Flashback to when you were 10 years old. What do you want to be when you grow up? Why?
I wanted to be a school teacher. I don’t know why. I had a chalk board and I taught my friends math and cursive writing. Maybe I’m not too far off from that now. The majority of my business is first time home buyers. In a way, I am a teacher.
Bio of Teresa Downey
Teresa offers a customizable communication platform based on the needs of the client and real estate agent. Teresa will meet you where you are in your real estate journey. From purchasing your first home, building a custom home, downsizing for your empty nest, purchasing your dream vacation home, or investing in real estate for the rental market, she’s here to help you get there.
Awards
Mortgage Market Interest Rates
Interest rates for mortgages can vary significantly from one borrower to the next based on the specific details of the transaction. Some of the main factors that affect the interest rate are credit score, down payment or loan-to-value, the type of mortgage, and how long the interest rate is locked.
The information below depicts average rates on a national level. These rates are not specific to BankSouth Mortgage but are provided to give a general idea of where rates are nationally for different loan types. This information is calculated from actual locked rates with customers across 35% of all mortgage transactions nationwide.
Information in this chart is for illustrative purposes only and is not intended as an advertisement. This is not a commitment to lend and does not guarantee the availability of any particular product or interest rate. Rates/terms illustrated in the chart may not be available through BankSouth Mortgage. Rates and information in this chart are powered by OBMMI™ (“Optimal Blue Mortgage Market Indices”). The OBMMI™ methodology takes the average rate of all appropriate interest rates locked through the Optimal Blue, LLC (“Optimal Blue”) product and pricing engine (“PPE”) on a given day. No adjustments to the rates that account for buy-up or buy-down decisions made by individuals are performed. These indices leverage data from Optimal Blue PPE lock requests (approximately 35% of all locks nationwide) aggregated daily and updated nightly with the previous day’s locks. Weekends and holidays are excluded. All applicable product types are included unless otherwise specified. The content contained on this chart is that of Optimal Blue and may change at any time without notice. Optimal Blue makes commercially reasonable efforts to provide reliable information, however it does not guarantee that the information is accurate, current, or suitable for any particular purpose. In addition, this content is, therefore, provided on an “as is” basis and Optimal Blue makes no warranty, guarantee, or promise, concerning the accuracy or timeliness of indices listed and maintained by Optimal Blue nor is Optimal Blue responsible in any manner for any damages whether direct, indirect, special, or consequential, howsoever caused, arising out of use of this web site, or reliance on the information it contains.
What Customers Say About Teresa Downey
410
Total Reviews
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Logan G
CARROLLTON - GA
Posted on September 7, 2023
Very efficient and on top of things!
A
Adam L W
TEMPLE - GA
Posted on August 30, 2023
Teresa was great and went above and beyond guiding us through the loan process! I will without a doubt recommend Teresa and her team to anyone going forward.
J
Jarrett C W
VILLA RICA - GA
Posted on August 9, 2023
The Bank South team was fast and friendly and communicated throughout the entire process. It was an exceptional experience!
T
Terry L S
VILLA RICA - GA
Posted on August 1, 2023
Teresa downey and Casey were so awesome they went above and beyond and God sent those angels to me in this hard process.
S
Stacey D
CARTERSVILLE - GA
Posted on July 31, 2023
The whole experience with Teresa was seamless, she went above and beyond and we're grateful to her for holding our hand thru the entire four-month, new home building process♥
A
Alejandro M
CALHOUN - GA
Posted on June 21, 2023
Very helpful and knowledgeable
J
Johnathan Z H
ROME - GA
Posted on May 27, 2023
Smooth experience, very helpful, timely responses, highly recommend!
P
Patricia P
TEMPLE - GA
Posted on May 22, 2023
Teresa Downey communicated with me every step of the way. She provided a big picture of what needed to take place and then an update for each step in the process. Teresa has two processing assistants and between the three of them, we completed the closing in a very timely manner.
T
Tammy A
WILMORE - KY
Posted on May 15, 2023
Teresa always communicated effectively with us, answered all of our questions, and was very knowledgeable.
L
Lewis A A
WILMORE - KY
Posted on May 13, 2023
Teresa and her team were great! They always answered the call when we had questions about our next move. Thanks so much!
Alan
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Alabama Consumer Credit License #MC 21415 DBA LoanSouth Mortgage.