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Loan Officer
Career Insights for Loan Officer (General)
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Scorecard
Based on Michigan data
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What they do
A Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or other lender. Markets products and provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May specialize in loans to businesses or individuals, or in loans to buy real estate.
$101,882 / year median in Michigan
-25% projected decline
Job Description
Loan Officer Unlimited Earning Potential | Industry-Leading Support | Career Growth Opportunities Priority 1 Lending | In-Person Elevate Your Mortgage Career with a Company Built for Success At Priority 1 Lending, we believe exceptional Loan Officers deserve more than just a compensation plan. They deserve a supportive team, efficient operations, strong leadership, and the resources needed to build a lasting and profitable career. We are seeking motivated, relationship-driven Loan Officers who are passionate about helping clients achieve their homeownership goals while expanding their personal brand and business. Whether you're an experienced producer or a growth-minded mortgage professional, you'll have the tools, support, and flexibility to maximize your earning potential and career success. Why Join Priority 1 Lending? At Priority 1 Lending, your success is our priority. We provide the infrastructure and support so you can focus on what you do best: building relationships and closing loans. What We Offer Competitive Compensation Structure Unlimited Commission and Earning Potential Dedicated Operations and Processing Support Marketing and Business Development Resources Efficient and Fast Closing Processes Strong, Accessible Leadership Team Collaborative and Growth-Focused Culture Ongoing Professional Development Opportunities Key Responsibilities As a Loan Officer, you will: Develop and maintain strong referral partnerships with real estate professionals, builders, financial advisors, and other strategic partners Generate new business through networking, prospecting, and relationship-building activities Consult with borrowers to identify the most suitable mortgage solutions for their unique financial situations Structure and present loan options that align with client goals and lending guidelines Educate and guide clients throughout the mortgage process from application to closing Collaborate closely with processing, underwriting, and operations teams to ensure smooth transactions Deliver exceptional customer service and create an outstanding borrower experience Consistently achieve production and performance goals Qualifications Preferred Active NMLS License Previous mortgage origination experience Desired Skills Strong sales, networking, and relationship-building abilities Proven ability to generate and cultivate business opportunities Excellent communication and interpersonal skills Self-motivated, entrepreneurial mindset Goal-oriented with a strong desire to succeed Exceptional customer service and problem-solving skills Ability to thrive in a fast-paced, performance-driven environment Benefits Priority 1 Lending offers a comprehensive benefits package, including: Health Insurance Dental Insurance Vision Insurance Life Insurance 401(k) Retirement Plan Marketing Support Professional Development and Career Growth Opportunities Priority 1 LendingHelping Loan Officers grow their business while helping clients achieve their dream of homeownership.