Todd Chamberlain, a 25-year veteran of the mortgage industry and the head of residential lending at Regions Financial, left the company last week to take a job with a competitor, industry officials told National Mortgage News.

Early Tuesday morning a spokeswoman for the Alabama-based Regions confirmed that Chamberlain had departed from the mid-sized bank but did not know which competitor he joined. Sources indicated that he accepted a position with a depository in the mid-Atlantic region.

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