Loan Officer Jobs in Minnesota
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.
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...
ECMC Group is a nonprofit corporation focused on helping students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, as well as...
In listening to our member's needs and goals, a Member Consultant recommends different types of consumer lending and account products....
ECMC Group is a nonprofit corporation focused on helping students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, as well as...
Determine the appropriate risk rating for Borrowers according to current Lending Policy and regulatory guidance....
Description Summary: The Mortgage Loan Officer position provides Simply the Best customer service to each customer at all times....
Remote WorkJob Overview This position is responsible for supporting management in the billing and collection of accounts receivable for inpatient and outpatient accounts and/or resolving complex customer...
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
The CBO oversees all client-facing banking teams, including private and professional practice, commercial and nonprofit banking, business development, and deposit/lending services....
Identifies strengths and weaknesses of the borrower, lending structure and evaluates specific risks to the bank....
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Mortgage Loan Originator A well respected banking organization in Minnesota is looking to add to their mortgage team....
Demographic Data for Minnesota
Moving to Minnesota? Find some basic demographic data about Minnesota below.
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Salary for Loan Officer Jobs in Minnesota
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Minnesota 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
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- Loan Documentation
- BSA
- Loan Review
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Private Banking
- Loan Processing
- VA Loans
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Customer Relations
- High School Diploma
- Listening
- Retail
- Written Communication
- Verbal Communication
- Telephone Skills
- Negotiation
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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