Loan Officer Jobs in Detroit, MI
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.
Small Business Lending Consultant
- Bloomfield Hills, MI (17 miles from Detroit, MI)
- 1 day ago
- Bloomfield Hills, MI (17 miles from Detroit, MI)
- 1 day ago
Development Specialist Professions that excel in this role: Commercial Loan Officers, Financial Advisors/Planners, Insurance Agents/Brokers (Business Insurance), Real Estate Brokers/Agents (Commercial...
Remote WorkTitle: Commercial Loan Officer – Community Bank Expansion Description: Join a well-capitalized, growth-focused community bank expanding its commercial lending presence....
- Clinton Township, MI (16 miles from Detroit, MI)
- 4 days ago
- Clinton Township, MI (16 miles from Detroit, MI)
- 4 days ago
Eight or more years of experience as a loan officer, experience as a real estate loan officer preferred. Job # 1673 Share...
- Ferndale, MI (8 miles from Detroit, MI)
- 4 days ago
- Ferndale, MI (8 miles from Detroit, MI)
- 4 days ago
of commercial lending....
- Livonia, MI (15 miles from Detroit, MI)
- 8 days ago
- Livonia, MI (15 miles from Detroit, MI)
- 8 days ago
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...
- Livonia, MI (15 miles from Detroit, MI)
- 8 days ago
- Livonia, MI (15 miles from Detroit, MI)
- 8 days ago
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...
- Bloomfield Hills, MI (17 miles from Detroit, MI)
- 9 days ago
- Bloomfield Hills, MI (17 miles from Detroit, MI)
- 9 days ago
experience; thorough knowledge of loan processing and underwriting fundamentals....
- Southfield, MI (15 miles from Detroit, MI)
- 13 days ago
- Southfield, MI (15 miles from Detroit, MI)
- 13 days ago
Assists clients through the loan process from application to closing. Maintains minimum production standards including originations & fundings....
Remote WorkWhat Makes You a Great Fit: Residential mortgage lending (2+ years and active licenses). World class at taking buyers from "hello" to "keys in hand."...
- Southfield, MI (15 miles from Detroit, MI)
- 16 days ago
- Southfield, MI (15 miles from Detroit, MI)
- 16 days ago
Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services...
As a(n) Mortgage Loan Officer within PNC's Mortgage organization, you will be based in the Greater Detroit, MI area to include Wayne and Macomb County....
Senior Loan Officer, REMOTE, Compensation 200bps, Biweekly Draw
- Clinton Township, MI (16 miles from Detroit, MI)
- 19 days ago
- Clinton Township, MI (16 miles from Detroit, MI)
- 19 days ago
What we're looking for: Loan Originators with: -Minimum 1 year experience as a Mortgage Loan Officer is required....
Remote WorkCommunity Lending Officer - Dearborn Community Lending Officer - Dearborn
- Dearborn, MI (6 miles from Detroit, MI)
- 20 days ago
- Dearborn, MI (6 miles from Detroit, MI)
- 20 days ago
process from application to close....
Mortgage Loan Officer in Farmington,MI,US
- Farmington, MI (20 miles from Detroit, MI)
- 20 days ago
- Farmington, MI (20 miles from Detroit, MI)
- 20 days ago
Qualifications: Experience as a Loan Officer in the Mortgage Industry Knowledge of Mortgage Lending and Underwriting Strong Customer Service skills Effective communication and interpersonal skills Ability...
Mortgage Consultant (Mortgage Loan Officer)
- Canton, MI (21 miles from Detroit, MI)
- 22 days ago
- Canton, MI (21 miles from Detroit, MI)
- 22 days ago
Founded by a small group of educators, Michigan Schools & Government Credit Union (MSGCU) has been providing quality financial services to the community for 70 years and welcomes everyone in...
Demographic Data for Detroit, MI
Moving to Detroit, MI? Find some basic demographic data about Detroit, MI below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Officer Jobs in Detroit, MI
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Detroit, MI offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- Credit Analysis
- USDA
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Customer Satisfaction
- Finance
- Closing
- Collections
- Business Development
- Retail
- Customer Relations
- High School Diploma
- Negotiation
- Written Communication
- Documentation
- Accounting
- Employee Development
- Verbal Communication
- Telephone Skills
- Policy Development
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Officer Related Career Advice Articles
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 »
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 »