Jobs.com

Loan Officers

About the Role

Loan Officers evaluate, authorize, or recommend approval of loan applications to financial institutions.

Other Common Titles

  • Mortgage Loan Officer
  • Consumer Loan Officer
  • Commercial Loan Officer
  • Loan Consultant
  • Mortgage Advisor

Typical Tasks

  • Evaluate loan applications and credit reports to determine eligibility.
  • Interview applicants to gather financial and personal information.
  • Explain different loan products and terms to clients.
  • Collect and review necessary financial documents from applicants.
  • Collaborate with underwriters to assess risk and approve loans.
  • Maintain relationships with clients and provide ongoing support.
  • Stay updated on lending regulations and market conditions.
  • Prepare and present loan proposals to management.

Notable People

  • Kurt Krueger – Kurt Krueger is renowned for his extensive work in mortgage lending and has authored multiple resources helping Loan Officers understand compliance and risk management.
  • Renee F. G. Mclaughlin – Renee Mclaughlin is a prominent figure in the mortgage industry, known for her contributions to financial education and as a leading advocate for fair lending practices.

Recommended Resources

  • The Loan Officer's Handbook

    A comprehensive guide on best practices, regulations, and key strategies for aspiring Loan Officers.

  • NMLS Resource Center

    Official site providing resources, licensing information, and educational materials for mortgage loan originators.

  • Mortgage Minutes Podcast

    A podcast that offers insights, market updates, and expert interviews for loan officers and mortgage professionals.

  • The Loan Officer Success Club

    A blog focused on techniques, tips, and success stories of loan officers in the industry.