Loan Officer Jobs - Page 2
Loan Officer Overview
A loan officer serves as the middleman between institutions that provide loans, such as banks and mortgage companies, and the individuals who take out the loans. A loan officer is responsible for finding a middle ground between the lender and the applicant that is both fair and financially responsible to both sides; this means ensuring the loan amount is not more than the applicant can pay while also ensuring that the interest rates are manageable.
Loan Officer Education Requirements
Loan officers must have a bachelor’s degree in finance or a related field. Once hired, a moderate amount of training is provided by the employer, most commonly in the specific practices of that company. In addition, loan officers must have strong interpersonal skills in order to negotiate with clients, clear communication ability so that the client fully understands everything the loan officer presents, and the ability to properly read financial reports and understand the underlying meaning.
Loan Officer Job Market
The job availability for loan officers is expected to grow by 8 percent by 2022. While this is a bit slower than most careers, the growth will still result in around 7,720 new jobs opening up each year. Because of the variety of entities that require loans, loan officers often work in commercial lending or as a loan underwriter.
Loan Officer Salary
Loan officers earn around $42,000 per year on average although the salary can be as low as $20,000 or as high as $150,000 depending on the employer. Other factors also come into play, including the experience of the loan officer, the number of loans he or she is able to give, and the repayment rates of the loans he or she originates. Larger banking and lending institutions pay far more than smaller companies.
Senior Loan Officer Residential Mortgage division of a leading, mid sized commercial bank Interview customers, gather required information Credit and financial analysis to determine best product Advise customers Fund at least 5 deals per month Requirements Minimum of 5 years of directly related experience Strong drive, passion for excellence Proven production Experience with conforming, non-confor...
This position is for someone with an existing book of business, as branch leads will not be supplied. This is why our model leads the industry in our comp plan and our service levels. Do you miss the days where you were paid on just dollars closed and could make up to 70 basis points on one deal? Are you an aggressive salesperson looking for unlimited earning potentials? Are you tired of getting y...
Position Available: Tewksbury/Haverhill, MA Job Summary: The Loan Officer is the initial point of contact for clients and is responsible for generating potential clients from leads that are procured from the realtors within the Coldwell Banker Residential Brokerage offices that he/she is assigned as well as a percentage of outside leads. Principal Duties & Responsibilities: Originate loans to achi...
Job Description: Need a loan officer who has experience working for Big Banks in California. If you are result driven and a closer, This job is for you!!! Great Benefits and Commission structure. If you have an established book of Business and has a Pipeline. Pls send me your resume Job Description: ?Accomplishes mortgage loan human resource objectives by selecting, orienting, training, assigning,...
Payne County Bank Perkins, 74059
Mortgage Loan Officer â. Perkins Payne County Bank is seeking a qualified mortgage loan officer.Â Three-to-five years of mortgage lending experience is preferred but not required.Â Previous experience in underwriting and originating secondary market loans preferred.Â This position will be responsible for building and maintaining customer relationships with new and existing customers and soliciting...
Loan Officer - Beulah Branch- Farm Credit Services of Mandan Join our growing team of full service agricultural financial experts in our Beulah, ND branch office. We are seeking a motivated individual who fits our customer-service oriented culture to be responsible for marketing and providing all credit and related services for an assigned portfolio. Some travel required, minimal overnight stays....
Consumer Loan Officer Rocky Mountain Credit Union is looking for a full-time Level I Consumer Loan Officer for our Helena branch. The qualified applicant will be responsible for reviewing consumer loan applications and making loan decisions. This Level I loan officer must know how to build relationships and enjoy discovering ways to help our members save money. Previous sales experience is preferr...
Loan Officer First National Bank of Bangor is seeking a self motivated and experienced individual to fill the role of loan officer between three offices. The individual's primary focus will be with soliciting, negotiating, underwriting and coordinating the closing of routine residential, construction and commercial mortgage loans in compliance with the bank's policies, procedures and related laws...
Loan Officer Premier Home Mortgage, Inc is expanding, come join our exciting company! We are looking for an experienced and licensed Loan Officer who will provide a level of service that exceeds expectations and takes customers by surprise. The ideal candidate must have the ability to consult with borrowers to best understand their lending needs and create lasting relationships in the local commun...
Shelby County State Bank Shelbyville, 62565
Consumer Loan Officer A locally owned Community Bank in Central Illinois is seeking an experienced Consumer Loan Officer. The successful candidate will perform duties relating to the origination of residential mortgage loans, consumer loans and assume the overall responsibility for the loan from application to closing. Responsibilities include: develop and cultivate a business relationship with ne...
NEXT START DATE IS AUGUST 5, 2014 - 4 OPENINGS LEFT ARE YOU LOOKING FOR A PERMANENT HOME? TOP NOTCH LOAN OFFICERS WANTED!! About the Job Loanleaders of America, Inc. is headquartered in Irvine, CA. We are a National Direct Lender that is seeking motivated self-starters with sales experience or experienced loan officers for immediate openings. Our extensive marketing approach includes a in-house te...
position Commercial Loan Officer II (Commercial Lender-Business Finance) division/department Community Development/Community Development Lending classification Non-exempt nature of position Market CHFA lending programs, evaluate projects for eligibility, present projects for approval, and coordinate the processes leading toward closing. The position reports to the Manager of Community Development...
The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bethpage Federal Credit Union (Bethpage FCU Mortgage) mortgage products to meet established loan quality and production goals. Our MLO continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending oppor...
JUNIOR LOAN OFFICER CountryPlace Mortgage is based out of Dallas, TX, but has regional offices in Florida, North Carolina, Arizona and Washington. The candidate for this position will be based out of the St. Augustine, FL office. CountryPlace Mortgage is a Fannie Mae Seller/Service and a Ginnie Mae issuer. Our product niche is manufactured home financing. The candidate will be responsible for assi...
position Commercial Loan Officer III (Senior Commercial Lender) division/department Community Development/Community Development Lending classification Exempt nature of position Market CHFA’s Community Development Lending programs with emphasis on affordable rental housing, evaluateprojects for eligibility, presentprojects for approval, and coordinate the processes leading toward closing. This posi...
CyberCoders Matching Great People with Great Companies Learn more about CyberCoders Apply Assistant Special Assets Officer Walnut Creek, CA; Vallejo, CA Full-Time $60,000 - $75,000 Apply Apply Assistant Special Assets Officer Walnut Creek, CA; Vallejo, CA Full-Time $60,000 - $75,000 Apply Job Details If you are a special assets officer with workout and strong restructuring experience, this is your...
Job Description: We have a golden opportunity for a well qualified, dynamic, and skilled loan officer seeking an amazing opportunity to join this prestigious Sonoma County Mortgage Banker experiencing unprecedented growth. You are an articulate and proficient banking professional with 5 years experience in Mortgage lending and excel at exceeding your goals and setting the standard for excellence....
Job Description: We have an exciting opportunity for a well qualified, dynamic, and skilled loan officer seeking an amazing opportunity to join this prestigious Northern California Bank experiencing unprecedented breakthrough growth. This position offers a high base salary with an aggressive basis point commission structure. If you are an articulate and proficient Mortgage professional with 5 year...
Northpointe Bank – Loan Officer Assistant Position Description The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Retail Lending Team as a Loan Officer Assistant in the Holland Michigan branch. This position requires an individual who has the desire to make a difference within the organization. An exceptional ability to grasp new co...
Mortgage Loan Officer The Mortgage Loan Officer generates mortgage loan applications utilizing various external origination sources, products, and services to generate mortgage loans. Our Mortgage Loan Officer Conducts interviews with prospective applicants. This position requests specific information related to loan applications. The Mortgage Loan officer reviews and evaluates information on mort...
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Banking Career Tools
$28,000.00 - $117,000.00
Typical Salary for Loan Officer
Source: Monster.com Careerbenchmarking Tool
Education / Training
Some College Coursework Completed
Source: Monster.com Careerbenchmarking Tool
Develops loan applications by evaluating applicant information and documentation.
Rate of Growth
Size of Industry in 2006:
Source: Bureau of Labor Statistics, May 2006
Rejects loans by explaining deficiencies to applicants.
Improves loan applications and documentation by informing applicant of additional requirements.
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