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Mortgage Loan Officer Job Description

Mortgage Loan Officer Job Description

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Mortgage Loan Officer Job Description

We are looking for a detail-oriented mortgage loan officer to join our team. In this role, you will be responsible for the loan application process, from determining the client’s needs to recommending the right loan product and signing the contract. You should also be able to identify possible risks in the application process.

To succeed in this role, it’s important to be client-oriented and have strong analytical skills. A degree in Finance or Business is a plus. If you’re also reliable, honest and possess good judgment, we’d like to meet you.

Mortgage Loan Officer Responsibilities:

  • Collect financial information (e.g. taxes, debts)

  • Evaluate creditworthiness and eligibility for obtaining a mortgage loan

  • Interview clients

  • Guide clients through mortgage loan options

  • Prepare and submit mortgage loan applications

  • Ensure data are in line with national and local financial rules

  • Monitor and report on application processes

  • Inform clients about loan approval or rejection

  • Help resolve problems with applications

  • Research new mortgage loan policies

  • Ensure compliance with privacy laws and confidentiality policies throughout the process

  • Build a supportive referral network (e.g. with clients, lenders, real estate agents)

Mortgage Loan Officer Requirements:

  • Experience as a mortgage loan officer or in a similar role

  • Previous experience in sales or customer support is an asset

  • Working knowledge of mortgage loan computer software (e.g. Calyx Point)

  • Ability to handle confidential information

  • Great mathematical and analytical skills

  • Attention to detail

  • Reliability and honesty

  • A valid license is a must

  • Degree in Finance or Business is a plus