Who is a mortgage loan officer?
A Mortgage loan offer is an officer who helps clients to find appropriate mortgage loan products based on their income. They usually work for banks and other leading institutions.
What does a mortgage loan officer do?
Mortgage Loan officer gathers a variety of clients’ financial information which includes data about taxes and debts to review if they are eligible for granting mortgage loans. They complete the mortgage loan applications based on the local and national financial standards and review the entire progress of the same.
Job brief
We are searching for a mortgage loan officer to join our team. You will work closely with our clients and help them find the best mortgage loans for them. You will also estimate the creditworthiness by combining information from client interviews and financial documents. Submitting applications and reporting on their progress will also be part of the mortgage loan officer’s duties.
To succeed in this role, it is important that you stay client-oriented and have impeccable analytical skills. A degree in Finance or Business will be a plus. If you are among those who are reliable, honest, and possess good judgment we are more than happy to meet you.
Duties and Responsibilities
The duties and responsibilities mortgage loan officer involve the following points:
- Collection of financial information from clients
- Evaluation of creditworthiness and eligibility for obtaining a mortgage loan.
- Interviewing clients
- Ensuring that data is in line with the national and financial rules
- Informing clients about the loan application approval or rejection
- Research new mortgage loan policies
- Prepare and submit mortgage loan applications
- Guide clients through mortgage loan options.
- Ensure compliance with privacy laws and confidentiality policies throughout the procedure
- Build a supportive referral network with clients. Lenders, real estate agents, etc.
Key requirements
The key requirements needed in the ideal candidate can be provided as follows:
- Experience as a mortgage loan officer or in a similar role
- Previous experience in sales or customer support would be a plus point.
- Ability to handle confidential information well
- A valid license will be a must
- A degree in Finance or Business will be an additional point
- Attention to detail
- A reliable and honest person
- Great analytical and mathematical skills.
- Working knowledge of mortgage loan software
