Loan Officer Jobs in Massachusetts
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.
Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies....
Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies....
Own the Loan Process - Oversee the loan application lifecycle, coordinating with underwriting, processing, and closing teams to ensure timely funding....
Specialist will be primarily responsibility for onboarding new loans into the Banks Core Processing System, in addition to a variety of administrative tasks in support of the Commercial and Industrial Lending...
Job Summary: EXTERNAL LOAN OFFICER- MORTGAGE BANKING WHAT IS THE OPPORTUNITY?...
EXTERNAL LOAN OFFICER ASSISTANT- MORTGAGE BANKING* WHAT IS THE OPPORTUNITY?...
RESIDENTIAL LENDING LOAN OFFICER ASSOCIATE* WHAT IS THE OPPORTUNITY?...
This position requires an incumbent to register and become licensed in the NMLS (Nationwide Mortgage Licensing System & Registry) database in accordance with the Safe Act of 2008....
Review credit reports and determine loan eligibility through automated underwriting and/or Loan Officer review....
Remote WorkCollaborating effectively with Commercial Lending, Residential Lending, Retail Banking, Digital Banking, and Accounting groups to research and resolve loan-related issues....
process from application to close....
Senior Credit Officer/Credit Officer Asset Based Finance
- Boston, MA
- 13 days ago
- Boston, MA
- 13 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and...
Residential Loan Officer Residential Loan Officer Dedham, MA Residential & Consumer Lending Job Type Full-time Description SUMMARY At Dedham Savings, we believe that being here for the journey means...
We are currently hiring dedicated Mortgage Loan Officers who proactively identify, build and maintain a quality network of business relationships that serves as a source of referrals for new mortgage...
A We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none....
Demographic Data for Massachusetts
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Salary for Loan Officer Jobs in Massachusetts
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Massachusetts offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Goal Oriented
- Mortgage Lending
- Loan Origination
- Consumer Lending
- BSA
- Lending
- Federal National Morgage Association
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Loan Review
- Commercial Banking
- FHLMC
- Fannie Mae
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- VA Loans
- OFAC
- Mortgage Processing
- Cross Selling
- Encompass
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Customer Relations
- Accounting
- Business Development
- Listening
- Retail
- High School Diploma
- Negotiation
- Written Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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