Loan Officer Jobs in Wayne, 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.

1-15 of 41 Jobs

Mortgage Loan Specialist

  • Novi, MI (15 miles from Wayne, MI)
  • 7 hours ago
  • Novi, MI (15 miles from Wayne, MI)
  • 7 hours ago

As a trusted advisor, the Mortgage Loan Originator guides members through the mortgage process with integrity, empathy, and professionalism....

Small Business Lending Consultant

  • Bloomfield Hills, MI (20 miles from Wayne, MI)
  • 1 day ago
  • Bloomfield Hills, MI (20 miles from Wayne, 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 Work

Commercial Loan Officer

  • Ann Arbor, MI (23 miles from Wayne, MI)
  • 1 day ago
  • Ann Arbor, MI (23 miles from Wayne, MI)
  • 1 day ago

Title: Commercial Loan Officer – Community Bank Expansion Description: Join a well-capitalized, growth-focused community bank expanding its commercial lending presence....

Commercial Loan Officer

  • Detroit, MI (18 miles from Wayne, MI)
  • 1 day ago
  • Detroit, MI (18 miles from Wayne, MI)
  • 1 day ago

Title: Commercial Loan Officer – Community Bank Expansion Description: Join a well-capitalized, growth-focused community bank expanding its commercial lending presence....

Loan Officer (Member Service Specialist)

  • Milan, MI (18 miles from Wayne, MI)
  • 2 days ago
  • Milan, MI (18 miles from Wayne, MI)
  • 2 days ago

We are growing and looking for Loan Officer/Member Service Specialist. Do you have experience with the following?...

Commercial Loan Originator

  • Ferndale, MI (18 miles from Wayne, MI)
  • 4 days ago
  • Ferndale, MI (18 miles from Wayne, MI)
  • 4 days ago

of commercial lending....

Personal Loan Consultant

  • Livonia, MI (7 miles from Wayne, MI)
  • 8 days ago
  • Livonia, MI (7 miles from Wayne, 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...

Loan Sales Specialist

  • Livonia, MI (7 miles from Wayne, MI)
  • 8 days ago
  • Livonia, MI (7 miles from Wayne, 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...

Loan Officer

  • Bloomfield Hills, MI (20 miles from Wayne, MI)
  • 9 days ago
  • Bloomfield Hills, MI (20 miles from Wayne, MI)
  • 9 days ago

experience; thorough knowledge of loan processing and underwriting fundamentals....

Remote Mortgage Loan Officer

  • Southfield, MI (17 miles from Wayne, MI)
  • 13 days ago
  • Southfield, MI (17 miles from Wayne, MI)
  • 13 days ago

Assists clients through the loan process from application to closing. Maintains minimum production standards including originations & fundings....

Remote Work

Mortgage Loan Officer

  • Detroit, MI (18 miles from Wayne, MI)
  • 14 days ago
  • Detroit, MI (18 miles from Wayne, MI)
  • 14 days ago

What Makes You a Great Fit: Residential mortgage lending (2+ years and active licenses). World class at taking buyers from "hello" to "keys in hand."...

Purchase Loan Consultant

  • Southfield, MI (17 miles from Wayne, MI)
  • 16 days ago
  • Southfield, MI (17 miles from Wayne, 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...

Mortgage Loan Officer

  • Detroit, MI (18 miles from Wayne, MI)
  • 18 days ago
  • Detroit, MI (18 miles from Wayne, MI)
  • 18 days ago

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....

Community Lending Officer - Dearborn Community Lending Officer - Dearborn

  • Dearborn, MI (11 miles from Wayne, MI)
  • 20 days ago
  • Dearborn, MI (11 miles from Wayne, MI)
  • 20 days ago

process from application to close....

Mortgage Loan Officer in Farmington,MI,US

  • Farmington, MI (16 miles from Wayne, MI)
  • 20 days ago
  • Farmington, MI (16 miles from Wayne, 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...

Demographic Data for Wayne, MI

Moving to Wayne, MI? Find some basic demographic data about Wayne, MI below.


Local
National
17,776
355
Medium/Sm

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...

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Salary for Loan Officer Jobs in Wayne, MI

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 Wayne, MI 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 Wayne, MI
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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