Loan Officer Jobs in Alabama
A Loan Officer plays a pivotal role in the banking industry, as they are primarily responsible for evaluating, authorizing, and recommending approval of loan applications for individuals and businesses. They mostly serve as intermediaries between lending institutions and borrowers. They review loan applications to determine the borrower's ability to repay the loan, assess and mitigate potential risks, and guide clients through the application process until the loan is approved and disbursed. Therefore, they assist the banking industry in maintaining a solid client base and promoting financial products and services.
Loan Officers must possess a blend of analytical and interpersonal skills. The ability to analyze financial data to assess the likelihood of a borrower repaying their loan is critical. Additionally, strong communication and customer service skills are needed to explain complex information to clients and build strong relationships. Relevant certification, such as the Mortgage Loan Officer (MLO) license, is often required. Prior roles that may pave the way for a career as a Loan Officer include roles such as Loan Processor, Financial Analyst, or Credit Analyst. These roles provide the necessary experience and understanding of financial products, lending procedures, and risk assessment necessary for a Loan Officer's role.
process and life cycle, presenting tailored solutions based on customer needs Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and...
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Assess lending risk utilizing judgmental credit analysis, ensuring the protection of the Credit Union....
Job Description: At Regions, the Home Loan Direct - Mortgage Loan Officer directs origination of residential mortgage loans from a borrower through customer calls and business partner referrals....
Originate and prepare new loans in accordance with the "Loan Officer" agreement, signed at the time of employment, to ensure all loans meet the guidelines of the Products and Policies manual for upfront...
Two or more years of experience in residential mortgage lending with solid knowledge of the local market and regulations. Previous sales awards and leadership positions....
Provide mentoring, coaching, and overall leadership to line lenders supported....
Remote WorkAssists potential borrowers by explaining the loan process, answering questions regarding loan products and loan processing....
Mortgage Loan Assistant FLSA Status: Non-Exempt Position Summary: The Mortgage Lending Assistant is responsible for areas of both closing and post-closing responsibilities to ensure that the mortgage...
Credit Admin Manager Works with a staff of portfolio managers and/or regional credit administrators in the credit approval, administration, and review of activities within Corporate and Specialty Lending...
Remote WorkDevelopment Specialist Professions that excel in this role: Commercial Loan Officers, Financial Advisors/Planners, Insurance Agents/Brokers (Business Insurance), Real Estate Brokers/Agents (Commercial...
Remote WorkSr. Consumer Loan Specialist - Sales Customer Service
- Tuscaloosa, AL
- 6 days ago
- Tuscaloosa, AL
- 6 days ago
Assists potential borrowers by explaining the loan process, answering questions regarding loan products and loan processing....
Consumer Loan Specialist - Sales Customer Service
- Tuscaloosa, AL
- 6 days ago
- Tuscaloosa, AL
- 6 days ago
Assists potential borrowers by explaining the loan process, answering questions regarding loan products and loan processing....
Assess lending risk utilizing judgmental credit analysis, ensuring the protection of the Credit Union....
Demographic Data for Alabama
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Title Synonyms
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Salary for Loan Officer Jobs in Alabama
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Alabama offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Sales Management
- Referrals
- Customer Satisfaction
- Collections
- Finance
- Closing
- Accounting
- Customer Relations
- Retail
- High School Diploma
- Business Development
- Written Communication
- Negotiation
- Verbal Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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