Loan Officer Jobs in Milford, DE

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.

1-9 of 9 Jobs

Home Loan Specialist II

  • Dover, DE (16 miles from Milford, DE)
  • 9 days ago
  • Dover, DE (16 miles from Milford, DE)
  • 9 days ago

Home Loan Specialist II at SolomonEdwards in Dover, Delaware, United States Job Description About Us SolomonEdwardsGroup, LLC (SolomonEdwards) is a full-service professional services firm offering...

Home Loan Specialist I

  • Dover, DE (16 miles from Milford, DE)
  • 10 days ago
  • Dover, DE (16 miles from Milford, DE)
  • 10 days ago

Home Loan Specialist I at SolomonEdwards in Dover, Delaware, United States Job Description About Us SolomonEdwardsGroup, LLC (SolomonEdwards) is a full-service professional services firm offering...

Mortgage Loan Specialist

  • Georgetown, DE (18 miles from Milford, DE)
  • 28 days ago
  • Georgetown, DE (18 miles from Milford, DE)
  • 28 days ago

Minimum of two years residential mortgage lending experience. A four-year college degree is preferred....

Mortgage Loan Officer- New Castle County, DE

  • Smyrna, DE (24 miles from Milford, DE)
  • 30+ days ago
  • Smyrna, DE (24 miles from Milford, DE)
  • 30+ days ago

The Mortgage Loan Officer will market and originate residential mortgage loans....

Mortgage Loan Officer

  • Lewes, DE (18 miles from Milford, DE)
  • 45+ days ago
  • Lewes, DE (18 miles from Milford, DE)
  • 45+ days ago

It is the responsibility of the Mortgage Loan Officer to be able to handle all functions of originating a loan....

Mortgage Loan Specialist

  • Lewes, DE (18 miles from Milford, DE)
  • 45+ days ago
  • Lewes, DE (18 miles from Milford, DE)
  • 45+ days ago

Minimum of two years residential mortgage lending experience. A four-year college degree is preferred....

Mortgage Loan Officer

  • Rehoboth Beach, DE (22 miles from Milford, DE)
  • 60+ days ago
  • Rehoboth Beach, DE (22 miles from Milford, DE)
  • 60+ days ago

As a Mortgage Loan Officer within PNC's Mortgage organization, we have opportunities in SE PA, S Delaware or Southern Maryland, Howard County, Baltimore, MD area....

Reverse Mortgage Loan Officer

  • Rehoboth Beach, DE (22 miles from Milford, DE)
  • 90+ days ago
  • Rehoboth Beach, DE (22 miles from Milford, DE)
  • 90+ days ago

Ensure the customer understands the loan process from application through closing....

Mortgage Loan Officer - Dover, DE

  • Dover, DE (16 miles from Milford, DE)
  • 90+ days ago
  • Dover, DE (16 miles from Milford, DE)
  • 90+ days ago

High level of proficiency with mortgage loan processing and underwriting systems. Commitment to excellence and high standards. Excellent written and oral communication skills....

Remote Work

Demographic Data for Milford, DE

Moving to Milford, DE? Find some basic demographic data about Milford, DE below.


Local
National
20,827
624
Medium

Loan Officer Online Courses and Training Opportunities

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Loan Officer Mortage: (Prep Test)
The Practice Exam is designed to closely replicate the true exam experience in terms of the degree of difficulty, format, and topics covered. the questions are designed to help you learn faster...
Qard Basics: Benevolent Loans in Islamic Finance
When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...
Financial Math for Actuaries: From Loans to Bonds to Immunization
Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...

Title Synonyms

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Salary for Loan Officer Jobs in Milford, DE

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Loan Officer positions.



Highest Education Level

Loan Officers in Milford, DE offer the following education background
Bachelor's Degree
38.1%
High School or GED
20.6%
Master's Degree
13.8%
Associate's Degree
13.2%
Vocational Degree or Certification
10.6%
Some College
2.1%
Doctorate Degree
1.2%
Some High School
0.6%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Officers in Milford, DE
4-6 years
40.5%
2-4 years
30.9%
Less than 1 year
14.0%
10+ years
6.3%
1-2 years
6.1%
6-8 years
2.2%



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