Loan officer job description sample
When you advertise for a job opening, you want to know how to increase the qualified applicant traffic. Using the loan officer job description template can set you on the right path to reaching this goal. We suggest that you follow the structure of the template and then tailor it to fit your needs. Get more clarity about what to write by browsing our loan officer job listings.
[Intro Paragraph] Begin the loan officer job description by first telling potential applicants about the bank or lending institution. 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.
Loan Officer Job Responsibilities:
- Advises clients about the risks, consequences, and benefits of alternative lending solutions.
- Consults with clients about their lending needs to help them achieve their financial goals, including the collection and analysis of information about the client’s financial situation.
- Updates job knowledge by participating in educational opportunities, reading professional publications, maintaining professional networks, and participating in professional organizations.
- Develops loan applications by evaluating applicant information and documentation.
- Evaluates loan applications and documentation by informing applicant of additional requirements.
- Schedules and tracks closing dates, contingency dates, and loan lock expirations.
- Rejects loans by explaining deficiencies to applicants.
- Approves loans by issuing checks or forwarding applications to loan committee.
- Completes loan contracts by explaining provisions to applicant, obtaining signatures and notarizations, and collecting fees.
- Prepares and submits timely and accurate loan files.
- Uses state of the art technology to manage loan pipeline and conduct credit and underwriting analysis.
- Helps customers by answering questions and responding to requests.
- Maintains customer confidence by keeping loan information confidential.
- Accomplishes bank mission by completing related results as needed.
[Work Hours & Benefits] You’ll want to discuss details about working hours and benefits after the introduction; because it involves important information relevant to the job, encouraging a candidate to continue reading the posting. In this section discuss working conditions or requirements, such as extensive travel. Take the opportunity to mention any special benefits available that would attract applicants, such as ample PTO, comfortable office spaces, or catered lunches.
Loan Officer Qualifications / Skills:
- Financial skills
- Time management skills
- Knowledge of financial software
- Customer service
- Analyzing information
- Decision making
- Quality focus
- Negotiation skills
- Mortgage loans: registration as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry (“Registry”), state real estate license
Education and Experience Requirements:
- At least a high school diploma or GED
- Most advanced positions require a BA or BS in economics, finance, business, or other related field
- 2-5 years business experience
[Call To Action] You will get more responses to your job posting if you place a call to action here at the end of your loan officer job description. Tell your job seeker how to apply for your position for example, by clicking on the “apply” button at the top of the job listing or by emailing a resume or filling out an application on the company’s website.
Get expert help finding your next great hires
Your search for talented loan officers requires a lot of effort, beginning with the right ad to attract top applicants. You want to make sure that your chosen candidate is a good fit. Need help? Monster can get you started with recruiting help and can facilitate all your hiring needs. Get more information now.