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Mortgage Loan Officer
Career Insights for Mortgage Loan Officer
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Scorecard
Based on Michigan data
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What they do
A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.
$63,004 / year median in Michigan
-26% projected decline
Job Description
Description Mortgage Loan Officer Commission-based role (average salary $60-$100k) + bonuses and incentives Onsite position Role Description This is a full-time, on-site role for a Mortgage Loan Officer based in Birmingham, MI. The Mortgage Loan Officer will assist clients in selecting and obtaining suitable mortgage products, guide them through the loan application process, and evaluate financial information to assess eligibility. The role also involves maintaining strong relationships with clients to provide exceptional customer service and ensuring compliance with industry regulations and company standards. Qualifications Experience in Loan Officers and Mortgage Lending Familiarity with the Mortgage Industry and expertise in Underwriting Strong Customer Service skills, including the ability to establish and maintain client relationships Exceptional communication, problem-solving, and organizational abilities Knowledge of loan products, compliance regulations, and financial documents Experience in the use of loan origination software and relevant financial tools Bachelor's degree in Finance, Economics, Business, or a related field is preferred Active NMLS license or willingness to obtain one is required