Loan Officer Jobs in Chicopee, MA

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.

1-11 of 11 Jobs

Senior Credit Officer, Digital Infrastructure

  • Enfield, CT (12 miles from Chicopee, MA)
  • 21 hours ago
  • Enfield, CT (12 miles from Chicopee, MA)
  • 21 hours ago

Identifies strengths and weaknesses of the borrower, lending structure and evaluates specific risks to the bank....

Commercial Loan Administrator

  • Easthampton, MA (10 miles from Chicopee, MA)
  • 2 days ago
  • Easthampton, MA (10 miles from Chicopee, MA)
  • 2 days ago

Coordinate the Commercial Loan Closing by communicating with the Attorney and/or the Loan Officer....

Credit Officer - Regional Agribusiness Banking Group

  • Enfield, CT (12 miles from Chicopee, MA)
  • 7 days ago
  • Enfield, CT (12 miles from Chicopee, MA)
  • 7 days ago

Consults with lending or leasing staff and provides coaching on negotiation strategy, financing approaches, or other specific credit issues....

Commercial Loan Officer

  • Windsor, CT (21 miles from Chicopee, MA)
  • 8 days ago
  • Windsor, CT (21 miles from Chicopee, MA)
  • 8 days ago

Commercial Loan Officer Commercial Loan Officers work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more....

SBA Commercial Loan Officer

  • Springfield, MA (4 miles from Chicopee, MA)
  • 15 days ago
  • Springfield, MA (4 miles from Chicopee, MA)
  • 15 days ago

A local community bank is looking to add a new SBA Commercial Loan Officer to their team. This organization is a long-standing bank with a great reputation!...

SBA Commercial Loan Officer

  • Chicopee, MA
  • 15 days ago
  • Chicopee, MA
  • 15 days ago

A local community bank is looking to add a new SBA Commercial Loan Officer to their team. This organization is a long-standing bank with a great reputation!...

Commercial Loan Officer

  • Enfield, CT (12 miles from Chicopee, MA)
  • 19 days ago
  • Enfield, CT (12 miles from Chicopee, MA)
  • 19 days ago

Commercial Loan Officer Commercial Loan Officers work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more....

Commercial Loan Officer

  • Springfield, MA (4 miles from Chicopee, MA)
  • 30+ days ago
  • Springfield, MA (4 miles from Chicopee, MA)
  • 30+ days ago

Commercial Loan Officer Commercial Loan Officers work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more....

Commercial Loan Officer

  • Chicopee, MA
  • 30+ days ago
  • Chicopee, MA
  • 30+ days ago

Commercial Loan Officer Commercial Loan Officers work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more....

Residential & Consumer Mortgage Loan Originator

  • Windsor, CT (21 miles from Chicopee, MA)
  • 30+ days ago
  • Windsor, CT (21 miles from Chicopee, MA)
  • 30+ days ago

At Windsor Federal Bank, the Residential & Consumer Mortgage Loan Originator serves as a trusted advisor and lending expert, guiding clients through the stages of the mortgage and consumer loan processfrom...

Mortgage Loan Consultant

  • Springfield, MA (4 miles from Chicopee, MA)
  • 90+ days ago
  • Springfield, MA (4 miles from Chicopee, MA)
  • 90+ days ago

Own the Loan Process - Oversee the loan application lifecycle, coordinating with underwriting, processing, and closing teams to ensure timely funding....

Demographic Data for Chicopee, MA

Moving to Chicopee, MA? Find some basic demographic data about Chicopee, MA below.


Local
National
55,595
912
Medium

Loan Officer Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
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

Users interested in this job title also searched for the following job titles


Salary for Loan Officer Jobs in Chicopee, MA

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 Chicopee, MA 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 Chicopee, MA
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%



Loan Officer Related Career Advice Articles

banker looking at charts on laptop
How to Decide Between Investment Banking and Commercial Banking

Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.

Read article »
personal banker going over paperwork with her clients
Career Spotlight: Personal Banker

What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.

Read article »