Holland Code: E-S-C If you want to become a mortgage loan officer, you probably have a number of questions about what the position entails. He or she has basically to make the process easier of acquiring loans for clients. Tip. Job description and duties for Loan Officer. Also Loan Officer Jobs. Personally if I were to give you any advice it would be to seek out a mortgage company that uses Loan Officer Assistants (LOA) -- The position is basically a Jr. The Senior Loan Officer is customarily and regularly conducting sales and engaged in sales activities in a variety of settings spending more than one-half of the workday away from any FMC regular place of business. A bank loan officer is the one who supposed to work towards offering loans to individuals and businesses. Loan Officer [Intro Paragraph] Begin your loan officer job description by telling potential applicants about the bank or lending institution. According to the U.S. Bureau of Labor Statistics, there will be a 10% increase in the number of loan officer jobs by 2018. Apply to Loan Officer, Loan Specialist, Assistant and more! Displayed here are job ads that match your query. A loan officer in California must renew his license every year by December 31st. Find out more about the average loan officer salary and learn where the best-paying metropolitan areas are for a loan officer across the country. The outlook for loan officer jobs is good and there will be an average growth in the number of jobs between now and 2018. Loan Officer jobs. Not so – the prospect of being a loan officer has changed conventional thought, especially as the housing market shot off in recent years like a bottle rocket. Because an employer’s brand may be a deciding factor as to whether individuals apply, you should present the institution in a good light and promote its reputation, values, and image in the financial industry. To help you decide, here's a basic overview of the profession including the degree requirements, job duties, salary and job outlook. The median annual wage for loan officers was $63,270 in May 2019. Staff Loan Officer (Specialist) JT25 . Posted: (3 days ago) Most loan officers have a Bachelor's degree in business administration, finance, economics, or a related field, and are trained on the job. Loan officers use a process called underwriting to assess whether applicants qualify for loans. Loan officers may look at applicants’ income, job stability, debt-to-income ratio, and liquid assets to evaluate the risk of lending to them. Job Overview The Agriculture Loan Officer plays a vital role on the lending team, collaborating and generating solutions for current and perspective business clients…The Loan Officer actively solicits for new business by marketing all of Horizon’s agricultural banking products within a … The job includes increasing the customer base of the bank as well as help people acquire loans … Job Outlook. Residential mortgage loan officers must be licensed. Mortgage loan officers gather, verify and analyze applicant information, such as income, debts and credit history, to determine whether a borrower is qualified to receive a home loan. 121 Loan Officer jobs available in Arkansas on Indeed.com. The low-stress way to find your next loan officer job opportunity is on SimplyHired. After collecting and verifying all the required financial documents, the loan officer evaluates the information they obtain to determine the applicant’s need for a loan and ability to pay back the loan. MyPlan.com is unquestionably the best resource on the Internet for career and college information. $40,000 88 … Loan Officer Series Specification - Class Titles and Codes ; Schem Code . Mortgage loan officers must be licensed. A: The requirements to be a loan officer include education, training, and licensure. Minimum pay. 7482 . You can find loan officer jobs through online searches or the local newspaper. Loan Officer Job Description | Glassdoor. A: To become a commercial loan officer you need a bachelor’s degree in finance, business, accounting, or a related field. Find a loan officer job in California. Loan officers generally need strong sales and interpersonal skills. Loan officers determine the creditworthiness of loan applicants. Use our Job Search Tool to sort through over 2 million real jobs. Page 1 of 416 jobs. Sort by: relevance - date. Loan Officer Job Description: Salary, Skills, & More Posted: (3 days ago) Licensure: There are currently no specific licensing requirements for loan officers working in banks or credit unions, but licensing requirements for loan officers who work in mortgage banks or brokerages can vary by state. To be a loan officer, you'll need at least a high school degree and some experience with math, economics, and business. Loan Officer Job Description, Career as a Loan Officer, Salary, Employment Definition and Nature of the Work, Education and Training Requirements, Getting the Job Education and Training: College (in most cases) or several years of experience in a financial institution 7481 . Mortgage Loan Officer Requirements. How to Get the Job. The loan officer term is quite vague. This banking career involves selling knowledge, expertise and loans to potential business clients. Once a loan officer finds a client, they gather the necessary personal and financial information, which helps them find a loan … This determines whether they see themselves in … Jump to loan officer topics: – Loan Officer Job Description – Loan Officer Educational Requirements – Loan Officer Salary – Loan Officer … A large part of a loan officer’s job is sales and customer service. Mortgage loan officer is listed #14 in U.S. News & World Report's rankings for business jobs. Staff Loan Officer (Supervisor) JT20 . You can also walk into mortgage and real estate businesses to inquire about open positions. The majority of people in loan officer jobs tend to work a standard 40-hour week. As a loan officer, you'll work at a financial institution, like a bank, credit union, or lending company, and help individuals and businesses apply for loans. Loan Officer Job Description. Use our Job Description Tool to sort through over 13,000 other Job Titles and Careers. Mortgage Loan Officer Job Responsibilities. Compare salaries and apply for all the loan officer jobs. There are over 8,761 loan officer careers waiting for you to apply! Becoming a loan officer might be a great career for you. To become commercial loan certified you need to complete the requirements from a reputable provider, such as the ICBA (Independent Community Banks of America) or ABA (American Banking Association). How Do You Become a Loan Officer? Class Code . Most loan officers need a bachelor’s degree and receive on-the-job training. 8,761 loan officer jobs available. When talking about one’s duties and responsibilities, a loan officer can also be a mortgage loan officer or a commercial loan officer, it can vary widely from one place of employment to another. Skip to content. The median salary for the position is $64,660 and it doesn't require any graduate-level education. Filters. Apply. When jobseekers search for a job, they tend to focus mainly on the job responsibilities section. Loan Processor Job Description Template: We are searching for an experienced and highly-analytical Loan Processor to conduct assessments of business and individual loans. JT30 . Use our Career Test Report to get your career on track and keep it there. See salaries, compare reviews, easily apply, and get hired. Pay. Indeed ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on Indeed. Finding loans for businesses can be rewarding for the business and the commercial loan officer. Most loan officers work for financial institutions within the banking industry. JT40 . 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. Before You Get Licensure. 7483 Mortgage loan officers find potential clients and help them apply for loans. 7479 . How to Become a Loan Officer. JOB DESCRIPTION Position: Senior Loan Officer Description: Business Development position focused on building a highly visible reputation as the mortgage loan expert in assigned areas resulting in the generation of quality residential and commercial loans that meet the Of those two years I've been licensed for about 8 months. Mortgage loan officers, also called mortgage brokers, help people buy a house or commercial property. However, commercial or mortgage loan officer hours vary, as they may need to travel to client locations, which may require working at odd hours. Loan Officer . That does include ALL loan officer positions. Most loan officer jobs require a bachelor’s degree and licensing requirements to attain, and a certain amount of education is absolutely required for these positions. They help a variety of people obtain the money they need—students looking to finance their education, homebuyers seeking mortgages, entrepreneurs wanting to start businesses, to name a few. 7480 . Processor, but job duties can differ because every loan officer is different. Quickly find and apply for your next job opportunity on Workopolis. However, most of the main requirements and basic duties are the same. A minimum of a high school diploma is required, although some employers require a bachelor’s degree in finance or a related field. - Education & Requirements. Indeed may be compensated by these employers, helping keep Indeed free for jobseekers. You will act as the liaison between potential clients and our growing financial institution, conducting client evaluations, researching credit records, and preparing loan package documentation. I've been working in the mortgage industry for nearly two years. Assistant Loan Officer (Abolished 01/07/2016 per Pay Letter 16-05) JT35 . Financial institutions provide on-the-job training for loan officers, but most employers prefer job seekers with experience in the finance or customer service industry. Class . Prospective students searching for Mortgage Loan Originator: Job Description and Education Requirements found the following related articles and links useful. Essential Job Functions: Establishes, develops and maintains positive relationships with existing and potential customers. Feel free to revise this job description to meet your specific job duties and job requirements. Again, the specific job duties ultimately depend on which type of financial institution the loan officer represents, but more generally here is what you can expect to do if you’re looking into this profession. New loan officer careers are added daily on SimplyHired.com. 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