3. Glassdoor will not work properly unless browser cookie support is enabled. Senior Loan Officer Job Description. Loan officers generally need strong sales and interpersonal skills. Consumer Loan Officer Sample Job Description Template [Compensation] Fulltime/Part Time. Employers prefer to hire Loan Officer candidates who have at least an associate degree in banking and finance. Other than these main duties, some essential responsibilities include the following: Hey there! The Loan Officer is expected to collect and prepare all materials needed to secure a loan. They usually work at mortgage companies, commercial banks, credit unions, and other financial institutions.Most loan officers have a Bachelor's degree in business administration, finance, economics, or a related field, and are trained on the job. The main skills and qualifications of a Loan Officer are: A Loan Officer makes an average of $91,582 per year. PERSONAL SUMMARY. Are you looking to advance into a career with real opportunities for advancement? Loan Officers should have a variety of practical skills for their position. Loan officers review, authorize, and recommend personal and commercial loans for approval. Job description for Loan Review Officer I. While you're here, why don't you post your job to Indeed! 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. A bachelor’s degree in finance or economics may be more beneficial. This is the opportunity you've been looking for. Loan officers work for banks and other financial institutions, helping individuals and businesses obtain funds from these lenders. We are seeking to hire an experienced Loan Officer to join our growing team. 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 … Loan Officer Job Responsibilities: Advises clients about the risks, consequences, and benefits of alternative lending solutions. A Loan Officer’s job is to help people with their applications during the mortgage loan approval process. Loan Officers evaluate and authorize approval of business, real estate, or credit loans. A consumer loan officer is most likely to work set hours from a fixed location, such as a bank branch or office. Salary may depend on the applicant’s level of experience, education and geographical location. 2,567 Chase Mortgage Loan Officer jobs available on Indeed.com. They are specialists at evaluating the financial status of a loan applicant. Make sure to use appropriate paragraph breaks and bullet points so it’s easy on the eyes. Or if you’re ready to hire, post your job on Indeed. 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. Search, apply or sign up for job alerts at Wells Fargo Talent Network They’re also responsible for reviewing applications. Job Duties and Tasks for: "Loan Officer" 1) Approve loans within specified limits, and refer loan applications outside those limits to management for approval. Loan Officers usually look at the potential borrower’s credit history to see if the person is a good or bad credit risk. 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. Develops loan … … Use these job description examples to create your next great job posting. … Portfolio, Training, and Ad Hoc Support – approximately 20% Provide ongoing support and servicing to the GGL loan portfolio by working with loan officer, credit administration, and SBA portfolio specialist…Description: The SBA Loan Processor/Closer shall support the Credit, SBA, and Loan … Best practices on how to manage jobs on Indeed, Resources, insights and tools for employers, Answers to common questions about Indeed products, Art Director Job Description | Indeed.com, Assistant Teacher Job Description Sample | Indeed.com, Caseworker Job Description Sample | Indeed.com, CTO Chief Technology Officer Job Description Sample | Indeed, Diesel Mechanic Job Description Sample | Indeed, Director of Sales Job Description Sample | Indeed.com, Logistics Specialist Coordinator Job Description Sample | Indeed, Manufacturing Engineer Job Description Sample | Indeed, Marketing Director Job Description Sample | Indeed, Medical Technologist Job Description Sample | Indeed, Millwright Job Description Sample | Indeed, Network Administrator Job Description Sample| Indeed, Outside Sales Representative Job Description Sample | Indeed.com, Patient Care Technician Job Description Sample | Indeed, Phlebotomist Job Description Sample | Indeed, Prep Cook Job Description Sample | Indeed, Procurement Manager Job Description Sample | Indeed.com, Production Supervisor Job Description Sample | Indeed, Program Coordinator Job Description Sample | Indeed, Real Estate Agent Job Description Sample | Indeed, Software Engineer Job Description Sample | Indeed, Sous Chef Job Description Sample | Indeed.com, Tax Preparer Job Description Sample | Indeed.com, Oversees the staff that does the paperwork for mortgage applications, Verifies the information provided on applications to obtain more information if missing data or mistakes are present, Communicates with customers to help them choose the best mortgage loan they can afford, Collects data from customers, such as their assets, salaries, debts and employment status, Reviews file documentation for missing or erroneous information, Verifies information about applicant history with credit bureaus and other agencies so the lender can approve or deny the loan, Remains aware of loan application deadlines and informs customers about them, Experience with mortgage loan software programs, Supervision skills to direct  junior staff, Sales skills to sell loan-processing services to customers, Excellent organizational and time management skills, Knowledge of federal, state and local levels of loan processing laws and regulations and ability to communicate these laws in a non-technical and conversational manner to others. Advise borrowers on financial status and payment … The first step toward hiring a Loan Officer is to create an effective, informative job description. 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. … 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. Loan officers use a process called underwriting to assess whether applicants qualify for loans. The Senior Loan Officer is responsible for soliciting, negotiating, underwriting, and coordinating the closing of major and … Feel free to revise this job description to meet your specific job duties and job requirements. A talented and self-motivated Loan Officer who has a track record of generating revenues through the sale of loan … A Loan Officer’s job is to help people with their applications during the mortgage loan approval process. Mortgage Loan Officer Job Summary The mortgage loan officer will be responsible for attracting mortgage customers and completing loan processing and closing … 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 … Mortgage loan officer education and qualification. This job description can be tailored to meet your organization’s needs and attract the best candidate. JOB DESCRIPTION Position: Senior Loan Officer Description: Business Development position focused on building a highly visible reputation as the mortgage loan … For more information on what it takes to be a Loan Officer, check out our complete Loan Officer Job Description… A Loan Officer advises applicants about deadlines in the application process for a loan. An MLO license requires credit and background checks, a minimum of 20 hours of coursework and a passing score on the MLO exam. Residential mortgage loan officers must be licensed. 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? [Insert name of credit union here] is looking to hire a consumer loan officer … They investigate their … A commercial or mortgage loan officer … Loan Officer responsibilities include: Evaluating credit worthiness by processing loan applications and documentation within specified limits Interviewing applicants to … *Indeed provides this information as a courtesy to users of this site. Learn how to enable cookies. Apply to Loan Officer, Mortgage Loan Originator, Senior Loan Officer and more! Loan officers review, authorize, and recommend personal and commercial loans for approval. On a daily basis, Loan Officers analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans. Create the Perfect Loan Officer Resume Job Description… They supervise loan personnel.. A typical day for a Loan Officer … 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. View all Loan Officer Jobs at Wells Fargo. It will be much easier for you to pick out your resume highlights once the actual resume is ready. Computer courses focused on loan software are also helpful. Loan Officers need several years of relevant work experience, particularly in customer service and the finance industry, such as a Teller position at a bank or accounting work. They help a variety of people obtain the money they need—students … The Loan Officer must ensure that the information from applicants in the loan package is correct and verified. Mortgage Loan Officer I solicits and services a variety of residential mortgage loans. … Generally responsible for the evaluation, authorization, and recommended approval of loan applications, most loan officers Loan officers meet with applicants in order to determine their creditworthiness. Interviews applicants, collects financial data and documents, and makes recommendations regarding the loan products that best meet the borrower's needs. Investing in writing a good position description … 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. 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 … Mortgage loan originators may perform similar job duties to mortgage underwriters, but a large part of a mortgage loan originator's job is to develop … Including requirements, responsibilities, statistics, industries, similar jobs and job openings for Loan Review Officer I. Experience in the fields of finance, accounting and banking are useful tools for a Loan Officer’s career. Mortgage Loan Officer Job … We're proud of our 3.9 rating on Glassdoor. Are you interested in impacting the lives of those in your local community? The Loan Officer must ensure that the information from … Summary Description Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Licensing is not always required. After collecting and verifying all the required financial documents, the … A Loan Officer will then look at the information in the loan package to see if there are errors. 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. Conclusion: loan officer job description guide. If you're eager for your next challenge, XYZ Inc. is a great company for you. Pro Tip: Even though this section comes first on your loan officer resume, write it last. Loan Officer Job Description Loan officers determine the creditworthiness of loan applicants. Visit our Help Center for answers to common questions or contact us directly. 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. The minimum educational requirement for Loan Officers is a high school diploma or GED. 2) Meet … Mortgage Loan Officers, however, require a Mortgage Loan Originator (MLO) license. XYZ Inc. is a leader in our industry. The salary of a mortgage loan … This free guide on the job description of a loan officer has all the answers to your question concerning … Loan officers meet with applicants in order to determine their creditworthiness. Chase mortgage Loan Originator ( MLO ) license in the Loan Officer will then look at potential. And background checks, a minimum of 20 hours of coursework and a passing score the! And businesses obtain funds from these lenders career with real opportunities for advancement depend on the eyes impacting. Employers prefer to hire an experienced Loan Officer … 2,567 Chase mortgage Loan … the first step toward a. Is enabled approval process financial status and payment … Senior Loan Officer job description can be tailored to your! Personal and commercial loans for approval the eyes meet the borrower 's needs, education geographical. Investing in writing a good position description … Conclusion: Loan Officer, mortgage Loan approval process determine the of... 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