Loan Officer Jobs in Elgin, MN
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.
- Rochester, MN (11 miles from Elgin, MN)
- 3 days ago
- Rochester, MN (11 miles from Elgin, MN)
- 3 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...
- Rochester, MN (11 miles from Elgin, MN)
- 7 days ago
- Rochester, MN (11 miles from Elgin, MN)
- 7 days ago
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Private Mortgage Banker (SAFE)
- Rochester, MN (11 miles from Elgin, MN)
- 12 days ago
- Rochester, MN (11 miles from Elgin, MN)
- 12 days ago
strongAbot ths roe:/strongbrbrWes Fargo s seekng a Prvate Mortgage Banker (SAFE) n Consmer endng as part of Home endng. earn more abot or career areas and nes of bsness at...
- Rochester, MN (11 miles from Elgin, MN)
- 25 days ago
- Rochester, MN (11 miles from Elgin, MN)
- 25 days ago
A typical day: Analyzes financial and supporting documentation submitted for formal and informal lending and servicing requests....
Loan Originator - (Central Region - MN, IA, ND)
- Rochester, MN (11 miles from Elgin, MN)
- 26 days ago
- Rochester, MN (11 miles from Elgin, MN)
- 26 days ago
The Loan Originator assists the borrower in determining the proper loan program, completing the loan application, and gathering the required supporting documentation to begin the loan process....
Vice President Mortgage Manager
- Wabasha, MN (20 miles from Elgin, MN)
- 30+ days ago
- Wabasha, MN (20 miles from Elgin, MN)
- 30+ days ago
industry opportunities, makes new product recommendations, and leads the related implementation efforts Ensures Originators work in alignment with the Banks credit culture and policies Underwriting and Lender...
The Residential Loan Officer is responsible for the origination of regulatory compliant residential loan applications and for developing client referral relationships with realtors, builders, attorneys...
- Rochester, MN (11 miles from Elgin, MN)
- 60+ days ago
- Rochester, MN (11 miles from Elgin, MN)
- 60+ days ago
work independently - Ability to analyze financial information - Effective verbal and written communication skills - Established referral base within assigned market preferred -2 years of mortgage loan...
Mortgage Loan Officer. 3 Month Guaranteed Bonus.
- Rochester, MN (11 miles from Elgin, MN)
- 90+ days ago
- Rochester, MN (11 miles from Elgin, MN)
- 90+ days ago
Previous consumer lending experience at Marine Credit Union preferred. Education and Experience: High School Diploma....
Remote WorkDemographic Data for Elgin, MN
Moving to Elgin, MN? Find some basic demographic data about Elgin, MN 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 Elgin, MN
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Elgin, MN offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Credit Underwriting
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Sales Management
- Referrals
- Customer Satisfaction
- Collections
- Finance
- Closing
- Accounting
- Customer Relations
- Retail
- High School Diploma
- Business Development
- Written Communication
- Negotiation
- Verbal Communication
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- 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 »