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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
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Required Skills and qualifications Preferred skills and qualifications
3+ years experience as a loan originator
Bachelor’s degree in business, finance, or a related field
Comprehensive understanding of state and federal lending regulations
An mortgage loan originator (MLO) license (requirements vary by state)
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
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A woman seated at a desk faces her computer as she participates in a virtual job interview with a gray-haired man in a suit.
An illustration of a computer screen showing a Career Page on LinkedIn. Four circles float around the screen, containing the faces of four diverse people who have shared their content.
Three circles, each containing an illustration of a person. Circle on the left contains a woman. Circle on the right contains a man. Circle in the center contains a woman, marked with a green checkmark.
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