Loan Officer Jobs in Michigan

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 58 Jobs

Agriculture Loan Officer

  • Saginaw, MI
  • 3 hours ago
  • Saginaw, MI
  • 3 hours ago

Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....

National Mortgage Loan Originator NMLS

  • Lansing, MI
  • 3 days ago
  • Lansing, MI
  • 3 days ago

Advises clients on the home buying or refinance process while assisting through the loan process from application to closing....

Mortgage Loan Officer-2

  • Grand Haven, MI
  • 3 days ago
  • Grand Haven, MI
  • 3 days ago

The Mortgage Loan Advisor works with Senior Loan Officer and Sales Manager to achieve established sales goals and learn different aspects of a loan originator position at Huntington....

Remote Work

Mortgage Loan Originator

  • Caledonia, MI
  • 4 days ago
  • Caledonia, MI
  • 4 days ago

About this position: LMCU is looking for a Mortgage Loan Originator who will be responsible for assisting members with their mortgage lending needs, analyzing loan requests and making credit decisions...

Remote Work

Mortgage Loan Officer

  • Ann Arbor, MI
  • 4 days ago
  • Ann Arbor, MI
  • 4 days ago

As a Mortgage Loan Officer within PNC's Mortgage organization, you will be based in Ann Arbor, MI. The position is primarily based in a PNC location....

Entry Level Mortgage Loan Officer Training

  • Novi, MI
  • 5 days ago
  • Novi, MI
  • 5 days ago

knowledge of and experience in the loan origination process....

Commercial Loan Services Specialist 3

  • Midland, MI
  • 5 days ago
  • Midland, MI
  • 5 days ago

Understanding or ability to learn complex business processes involved in Commercial Lending Passion for HNB's corporate vision - i.e. to be an Essential Partner - for both our internal and external...

Remote Work

Loan Sales Specialist

  • Lansing, MI
  • 5 days ago
  • Lansing, MI
  • 5 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...

Agriculture Loan Officer

  • West Branch, MI
  • 6 days ago
  • West Branch, MI
  • 6 days ago

Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....

Agriculture Loan Officer

  • Houghton Lake, MI
  • 6 days ago
  • Houghton Lake, MI
  • 6 days ago

Agricultural Loan Officer Agriculture loan officers, or agricultural lenders, work to help farmers and rural citizens obtain funds needed to fund their operations, purchase property, and more....

Mortgage Loan Officer

  • Rochester Hills, MI
  • 7 days ago
  • Rochester Hills, MI
  • 7 days ago

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...

Personal Loan Consultant

  • Livonia, MI
  • 9 days ago
  • Livonia, MI
  • 9 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...

Senior Private Banking Officer

  • Grand Rapids, MI
  • 10 days ago
  • Grand Rapids, MI
  • 10 days ago

This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements....

Syndicated Loan Administrator

  • Detroit, MI
  • 10 days ago
  • Detroit, MI
  • 10 days ago

processing Work Best Category: Category B - 3-4 days in office on designated days/1-2 days remote Hours: 8:00am - 5:00pm Monday - Friday Salary: To Be Determined Based on Individual Experience About...

Mortgage Loan Officer

  • East Lansing, MI
  • 10 days ago
  • East Lansing, MI
  • 10 days ago

Join Mercantile Bank as a Mortgage Loan Officer in Lansing, MI and take your career in Mortgage Lending to the next level....

Demographic Data for Michigan

Moving to Michigan? Find some basic demographic data about Michigan below.


Local
National
10,077,306
222,152

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.
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,...
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...
How to Become a Police Officer in England and Wales
Currently, policing is unrepresentative of the society it represents. To correct that, its vital that underrepresented and disadvantaged groups can learn about policing and consider their options...

Title Synonyms

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Salary for Loan Officer Jobs in Michigan

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 Michigan offer the following education background
Bachelor's Degree
38.0%
High School or GED
20.6%
Master's Degree
13.7%
Associate's Degree
13.2%
Vocational Degree or Certification
10.6%
Some College
2.1%
Doctorate Degree
1.1%
Some High School
0.6%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Officers in Michigan
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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