Illustration of a man sitting at a desk with a computer

You might hire a loan officer to:

  • Advise customers, answer questions, and help complete applications for a variety of loans, including student, home, and business

  • Assess the applicant’s ability to repay the loan — and find the one that best fits their needs

  • Approve loans at a certain level, or submit applications to management for approval

  • Introduce new business to your organization through their professional referral network

  • Cultivate existing client relationships
Required skills and qualifications Preferred skills and qualifications
Three or more years of experience as a loan originator
 Bachelor’s degree (or equivalent) in business, finance, or a related field
Comprehensive understanding of local and national lending regulations
 A mortgage loan originator (MLO) license or equivalent (requirements vary by location)
Experience working in relevant credit and lending markets
 Excellent customer service and interpersonal skills
Able to pass a background check
 Highly detail-oriented, with a strong work ethic