Miguel Vega Jr. has been named Southern Bancorp’s director of mortgage production.
“I am thrilled to welcome Miguel to our growing mortgage team,” Jeremy Davis, president of mortgage, said. “Miguel’s years of experience in not only the lending space but also in strategic community development and affordable housing align well with our efforts as a mission-focused institution, and his expertise will help us continue to expand our impact for under-resourced communities throughout the South.”
For his new role, Vega brings almost 30 years of experience in market share growth, strategic leadership and community development. He has previously served as head of revenue, affordability housing and community-leading growth strategies for Nashville-based fintech Nuestro. During that time, Vega’s work was focused on helping Hispanic and Latino individuals access capital and paths toward financial independence. He has also served in various roles for First Community Mortgage, Inc., in Murfreesboro, Tennessee, first as VP of Business Development/Multicultural Lending, then as Chief Diversity Officer and ultimately as EVP of Business Development. Under his leadership, First Community Mortgage received the Mortgage Bankers Association’s National Diversity and Inclusion Residential Leadership Award for Mortgage Outreach Strategies in 2017 and 2021.
At Southern Bancorp, Vega will oversee the institution’s mortgage division, including supervising sales management, growth, pipeline operations, policy adherence and profitability.
“It is an incredible honor to join this historic, mission-driven organization at Southern Bancorp,” Vega said. “The majority of my career has centered around identifying and bridging economic gaps to ensure everyone in our communities has the ability to pursue and achieve homeownership. I’m excited to join the team of ‘Wealth Builders’ at Southern Bancorp and do more of this important work for underserved individuals and families across the region.”
Vega is on several boards and committees, including the incoming 2025 President of the Nashville Mortgage Bankers Association, a member of the National Affordable Housing Advisory Council, Vice Chair of the Housing Fund of Tennessee and Advisor to the Single Family Programs Director of the Tennessee Housing Development Agency.
For more information about Southern Bancorp, click here.
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