The Loan Officer is expected to collect and prepare all materials needed to secure a loan. JOB DESCRIPTION Title Mortgage Loan Officer Position Summary The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells CFNB mortgage products to meet established loan … If you're eager for your next challenge, XYZ Inc. is a great company for you. Consumer Loan Officer Sample Job Description Template [Compensation] Fulltime/Part Time. Loan Officer Job Responsibilities: Advises clients about the risks, consequences, and benefits of alternative lending solutions. The primary duties of a loan officer are to handle the various steps required to enable people or businesses to get the best possible type of loan for their specific needs. Mortgage Loan Officers, however, require a Mortgage Loan Originator (MLO) license. If this description for a Loan Officer isn’t what you were looking for, consider this similar position: Need help writing a job description for a specific role? 3. A bachelor’s degree in finance or economics may be more beneficial. The salary of a mortgage loan … Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How to Balance Time and Candidate Quality In Your Interview Process, Sell loan products and meet loan production targets, Perform business development tasks, including managing the pipeline by generating leads and referral business, and maintaining relationships with existing and past clients, Meet and communicate with applicants to explain the risks and benefits, as well as the terms of loan products and government regulations, Obtain relevant information and evaluate applicants' financial status, including credit history, debt-to-income ratio, and appraisal reports, to determine recommendation for loan approval, Ensure all necessary information and documentation is submitted to the loan underwriting department, and is recorded properly in electronic file format, Represent the employer at community events and host seminars, Maintain current knowledge of all applicable lending regulations, the economy, market rates, vendors, and competitors, Consistently deliver first-class customer service, Associate's degree or Bachelor's degree in business administration, finance, economics, or a related field, 2+ years of experience in the mortgage lending, banking, or real estate industry, Strong Microsoft Office skills and ability to use relevant industry-specific computer programs, as well as calculators, Exceptional interpersonal skills and strong customer service orientation, Excellent written and verbal communication skills, Ability to work both in a team and independently, Be sure to mention requisite years of experience and educational requirements, Tell job seekers what's unique about your company and job, Ideal length is a few paragraphs or about 200 words. … The education and qualifications required for the job of a mortgage loans officer are: A diploma or certification course in finance and accounting; Mortgage loan officers salary. Licensing is not always required. Pro Tip: Even though this section comes first on your loan officer resume, write it last. Loan officers use a process called underwriting to assess whether applicants qualify for loans. Loan officers meet with applicants in order to determine their creditworthiness. The first step toward hiring a Loan Officer is to create an effective, informative job description. Loan officers review, authorize, and recommend personal and commercial loans for approval. Visit our Help Center for answers to common questions or contact us directly. Including requirements, responsibilities, statistics, industries, similar jobs and job openings for Loan Review Officer I. 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Please note that we are not your recruiting or legal advisor, we are not responsible for the content of your job descriptions, and none of the information provided herein guarantees performance. An MLO license requires credit and background checks, a minimum of 20 hours of coursework and a passing score on the MLO exam. Other than these main duties, some essential responsibilities include the following: Hey there! Feel free to revise this job description to meet your specific job duties and job requirements. Loan officers work for banks and other financial institutions, helping individuals and businesses obtain funds from these lenders. Mortgage Loan Officer Job … Another Loan Officer resume template; Maxine Curry Dayjob Limited The Big Peg 120 Vyse Street Birmingham B18 6NF England T: 0044 121 638 0026 E: info@dayjob.com. The Loan Officer must ensure that the information from applicants in the loan package is correct and verified. A consumer loan officer is most likely to work set hours from a fixed location, such as a bank branch or office. The Loan Officer job description sample above is a great example of a standout job description that can attract and retain the best performers for your organization. A Loan Officer advises applicants about deadlines in the application process for a loan. Conclusion: loan officer job description guide. A commercial or mortgage loan officer … JOB DESCRIPTION Position: Senior Loan Officer Description: Business Development position focused on building a highly visible reputation as the mortgage loan … Those interested in working as Loan Officers need to have a bachelor's degree in an economics-related field on their resumes, along with experience in banking and lending. This free guide on the job description of a loan officer has all the answers to your question concerning … The Loan Officer must ensure that the information from … Loan Officers should have a variety of practical skills for their position. Summary Description Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Search, apply or sign up for job alerts at Wells Fargo Talent Network 2) Meet … A talented and self-motivated Loan Officer who has a track record of generating revenues through the sale of loan … Interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. The main skills and qualifications of a Loan Officer are: A Loan Officer makes an average of $91,582 per year. Chief Lending Officer JOB DESCRIPTION 3 | P a g e We are an EEO Employer All descriptions have been reviewed to ensure that only essential functions and basic … Learn how to enable cookies. Salary may depend on the applicant’s level of experience, education and geographical location. This mortgage loan officer sample job description can assist in your creating a job application that will attract job candidates who are qualified for the job. After collecting and verifying all the required financial documents, the … PERSONAL SUMMARY. They supervise loan personnel.. A typical day for a Loan Officer … XYZ Inc. is a leader in our industry. Loan officers generally need strong sales and interpersonal skills. They’re also responsible for reviewing applications. Mortgage Loan Officer I solicits and services a variety of residential mortgage loans. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job that’s right for you. Senior Loan Officer Job Description. *Indeed provides this information as a courtesy to users of this site. On a daily basis, Loan Officers analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans. Loan Officer Job Description Loan officers determine the creditworthiness of loan applicants. A Loan Officer’s job is to help people with their applications during the mortgage loan approval process. For more information on what it takes to be a Loan Officer, check out our complete Loan Officer Job Description… Create the Perfect Loan Officer Resume Job Description… [Insert name of credit union here] is looking to hire a consumer loan officer … View all Loan Officer Jobs at Wells Fargo. Advise borrowers on financial status and payment … We are seeking to hire an experienced Loan Officer to join our growing team. … It will be much easier for you to pick out your resume highlights once the actual resume is ready. Job description for Loan Review Officer I. This is the opportunity you've been looking for. Job Duties and Tasks for: "Loan Officer" 1) Approve loans within specified limits, and refer loan applications outside those limits to management for approval. Use these job description examples to create your next great job posting. That’s pretty much the job description of a loan officer But you also have to be well-versed in customer satisfaction, mortgage lingo, and product knowledge And stay … This job description can be tailored to meet your organization’s needs and attract the best candidate. Loan officers review, authorize, and recommend personal and commercial loans for approval. A good or bad credit risk of practical skills for their position from lenders... People with their applications during the mortgage Loan approval process answers to common questions contact! You 've been looking for, informative job description to meet your specific job duties and requirements... 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