This role assists individuals who need to take out a loan. A loan officer reviews financial information and evaluates the creditworthiness of the loan applicant. They may either approve the loan or reject the application. Larger or more complex loans may require referral to management for an approval decision. What Is a Loan Officer? A loan officer facilitates the process of taking out a loan, thereby enabling people and businesses to work toward their goals. What Does a Loan Officer Do? The primary responsibility is to determine if loan applicants qualify for a loan. They use underwriting, reviewing and verifying financial documents, and work in both customer service and sales capacities guiding applicants through loan terms, compiling documents, and applying. Their job responsibilities typically include the following: Acquiring information from loan applicants and advising them of financial document requirements Client education: explaining loan options and terms, answering questions Verification: verifying accuracy of client-provided financial information Assessing the client’s ability to repay the loan based on financial information Compliance: ensuring loan agreements comply with federal and state regulations Loan decisions: issuing approval or rejection of a loan, or referring to management for an upper-level decision Ongoing education: maintaining knowledge of financial principles, banking rules, and lending products What Are the Education Requirements and Experience Needed? Employers set their own requirements, typically including a relevant bachelor’s degree and on-the-job training. The process usually starts with a high school diploma, preference for business‑related coursework, followed by a bachelor’s degree in finance, economics, or a related field. Some roles may require a master’s degree. Entry‑level positions may be available for candidates with banking, sales or customer service experience. Professional certifications may be required for specialized areas such as mortgages. Those specializing in mortgages must hold a Mortgage Loan Originator (MLO) license, and may also pursue the Certified Mortgage Banker (CMB) certification or other state‑specific certifications. #J-18808-Ljbffr
...without limitation, experience and business objectives and if the location for the job changes. Our base salary is just one component of Pelotons competitive total rewards strategy that also includes annual equity awards and an Employee Stock Purchase Plan as well as other...
Johnson Controls is seeking an experienced HVAC Journeyman Mechanic to support our Manufacturing Engineering & Maintenance team. In this role, you will install, troubleshoot, and maintain commercial and industrial HVAC and refrigeration systems to keep smart, sustainable...
...Employee discounts ~ Free uniforms ~ Opportunity for advancement ~ Paid time off ~ Training & development Experienced Cleaning Carpet Cleaning Technician at $28 per hour with IICRC Certification Willing to train a Carpet Cleaner. Wages range from $23-$25 per...
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DescriptionSAICs Core Creative Multimedia Production is seeking an UX/UI Web Designer to join our team and provide support to an up-tempo, creative environment for an Intelligence Community (IC) customer located in Northern VA. As an UX/UI Web Designer, you will work...