Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about what a loan officer does.
What does a loan officer do on a daily basis?
A loan officer analyzes loan applications, fosters strong relationships with clients, and monitors loan payments on a daily basis. Here are some details on the daily activities of a loan officer:
- Analyzes loan applications. Loan officers analyze and evaluate loan applications on a daily basis. A loan officer works for a bank, credit union, or another mortgage lender. They offer programs and mortgage rates from the institution they work at. A loan officer may receive a commission for processing a client's application, so many try to process several during a typical workday.
Fosters strong relationships with clients. A loan officer offers programs and mortgage rates to clients from the institution they work at. They aim to get clients the best access to affordable loan rates at the institution they work for. By securing these attractive rates for their clients, a loan officer builds up a strong contact base and also encourages clients to give them referrals for other people seeking loans.
Monitors loan payments. Another daily duty of a loan officer is to monitor loan payments made by clients and borrowers. They must make sure that all borrowers are meeting their loan repayment obligations. When payments have been missed or are not fulfilled in some way, a loan officer might recommend that a client restructure their current loan or refinance.
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
