skip to Main Content

Loan Officer Job Description

This is an example of a Loan Officer job description for a reference when building your resume. Analyze the qualifications and requirements listed to get an understanding of what you need to include on your resume for what employers would look for in this field.


A Loan Officer, also known as a Mortgage Loan Officer or Loan Originator, is a financial professional responsible for assisting clients in obtaining loans for various purposes, such as purchasing homes, financing real estate investments, or obtaining personal loans. They play a crucial role in the lending industry by evaluating loan applications, assessing borrowers’ creditworthiness, and guiding them through the loan application and approval process.

Additional strategies for this can be found here.


  • Client Consultation:
    • Meet with clients to discuss their financial goals and needs for obtaining a loan.
    • Assist clients in selecting the most appropriate loan products based on their individual circumstances and financial capabilities.
  • Loan Application Processing:
    • Gather necessary financial information and documents from borrowers to complete loan applications accurately.
    • Review and verify applicants’ financial data, such as income, assets, credit history, and debt-to-income ratios.
  • Credit Analysis:
    • Analyze and assess borrowers’ creditworthiness by reviewing credit reports, credit scores, and payment histories.
    • Determine the level of risk associated with lending to each applicant.
  • Loan Underwriting:
    • Submit loan applications and supporting documentation to the underwriting department for evaluation and approval.
    • Collaborate with underwriters to address any additional requirements or conditions for loan approval.
  • Compliance:
    • Ensure compliance with federal, state, and local regulations governing lending practices, including fair lending and anti-discrimination laws.
    • Stay updated on changes in lending regulations that may impact loan origination and processing.
  • Customer Service:
    • Provide excellent customer service throughout the loan application process, addressing clients’ inquiries, and providing regular updates on the status of their loan applications.
  • Sales and Business Development:
    • Develop and maintain relationships with real estate agents, builders, and other potential referral sources to generate new loan leads and business opportunities.
    • Participate in marketing and promotional activities to attract potential borrowers.
  • Loan Closing:
    • Coordinate loan closings and ensure all necessary documents are prepared accurately and delivered to the appropriate parties in a timely manner.
  • Record Keeping:
    • Maintain detailed and organized records of loan applications, client interactions, and other relevant information.


  • Education and Experience:
    • A Bachelor’s degree in finance, business, economics, or a related field is often preferred. However, some employers may consider candidates with relevant experience in lieu of a degree.
    • Prior experience in loan origination, mortgage lending, or a related financial field is beneficial but not always required for entry-level positions.
  • Licensing:
    • Loan Officers are typically required to obtain and maintain state and federal licenses, such as the Nationwide Multistate Licensing System (NMLS) license. Specific licensing requirements vary by state and may include passing an exam and completing continuing education.
  • Financial Knowledge:
    • Solid understanding of financial principles, lending practices, and loan products is essential for effectively guiding clients through the loan process.
  • Communication Skills:
    • Excellent interpersonal and communication skills are necessary for building rapport with clients and effectively explaining complex financial concepts.
  • Sales Skills:
    • Demonstrated sales and negotiation skills to generate leads, close loan deals, and meet performance targets.
  • Analytical Skills:
    • Strong analytical and problem-solving skills are crucial for evaluating borrowers’ financial situations and making informed lending decisions.
  • Attention to Detail:
    • Being detail-oriented is important for accurately processing loan applications, verifying financial data, and ensuring compliance with regulations.
  • Time Management:
    • Ability to handle multiple loan applications simultaneously and manage time efficiently to meet deadlines.
  • Ethical Conduct:
    • Upholding ethical standards in handling clients’ financial information and ensuring fair and responsible lending practices.

Please note that the specific duties and requirements for a Loan Officer may vary depending on the type of loans they specialize in (e.g., mortgage, commercial, personal loans) and the employer’s particular needs and expectations.

If you would like more help with your resume, check out our Resume Bundles, or contact us today for a customized quote. 

Back To Top