Mortgage Loan Officer

Salary Range for Mortgage Loan Officer in Activities Related to Credit Intermediation

The salary range for a Mortgage Loan Officer in Activities Related to Credit Intermediation company is typically between $50,000 to $120,000 per year, depending on experience, location, and company size.

Sample Job Description for Mortgage Loan Officer in Activities Related to Credit Intermediation Industry

Job Objective:

The Primary Objective Of A Mortgage Loan Officer Is To Assist Clients In Obtaining Mortgage Loans For Purchasing Or Refinancing Their Homes. They Work With Potential Borrowers To Assess Their Financial Situation, Evaluate Loan Options, And Guide Them Through The Entire Loan Process.

Job Requirements:

- Bachelor'S Degree In Finance, Business, Or A Related Field Preferred - Strong Knowledge Of Federal And State Mortgage Regulations - Excellent Communication And Interpersonal Skills - Ability To Analyze Financial Data And Make Sound Decisions - Attention To Detail And Excellent Organizational Skills - Sales And Customer Service Experience Preferred - Strong Computer Skills And Proficiency In Mortgage Loan Software - Must Be Licensed As A Mortgage Loan Officer By The National Mortgage Licensing System (Nmls) - Ability To Work Independently And As Part Of A Team - Willingness To Work Flexible Hours Including Weekends And Evenings

Job Responsibilities:

- Meet With Potential Borrowers To Assess Their Financial Situation And Loan Needs - Evaluate Loan Options And Recommend The Best Mortgage Product For The Borrower - Collect And Analyze Financial Data From The Borrower And Ensure Accuracy Of Information - Prepare And Submit Loan Applications To Underwriters For Approval - Communicate Regularly With Borrowers, Real Estate Agents, And Other Parties Involved In The Loan Process - Ensure Compliance With Federal And State Mortgage Regulations - Attend Closings And Facilitate The Loan Closing Process - Develop And Maintain Relationships With Real Estate Agents, Builders, And Other Referral Sources - Meet Or Exceed Sales Goals And Targets - Provide Excellent Customer Service Throughout The Loan Process

Top 10 Employers for Mortgage Loan Officer in Activities Related to Credit Intermediation:

1. Wells Fargo - San Francisco, California - www.wellsfargo.com 2. Quicken Loans - Detroit, Michigan - www.quickenloans.com 3. Bank of America - Charlotte, North Carolina - www.bankofamerica.com 4. Chase Bank - New York, New York - www.chase.com 5. Citi Bank - New York, New York - www.citibank.com 6. PNC Bank - Pittsburgh, Pennsylvania - www.pnc.com 7. US Bank - Minneapolis, Minnesota - www.usbank.com 8. TD Bank - Cherry Hill, New Jersey - www.tdbank.com 9. SunTrust Bank - Atlanta, Georgia - www.suntrust.com 10. Fifth Third Bank - Cincinnati, Ohio - www.53.com

Career Path for Mortgage Loan Officer in Activities Related to Credit Intermediation:

- High School Diploma or equivalent - Loan Processor or Loan Officer Assistant (1-2 years) - Bachelor's Degree in Finance, Business, or related field - Junior Loan Officer or Mortgage Loan Officer (3-5 years) - Senior Mortgage Loan Officer (5-10 years) -

Top 5 Countries by Mortgage Loan Officer in Activities Related to Credit Intermediation:

1. United States 2. Canada 3. United Kingdom 4. Australia 5. Germany

Top 5 Countries with Established Activities Related to Credit Intermediation:

1. United States 2. United Kingdom 3. Canada 4. Japan 5. Australia