Loan Officer Jobs in Paramus, NJ
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.
- Purchase, NY (19 miles from Paramus, NJ)
- 4 hours ago
- Purchase, NY (19 miles from Paramus, NJ)
- 4 hours ago
Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies....
Sr. Credit Officer- Entertainment in New York, NY
- New York, NY (13 miles from Paramus, NJ)
- 22 hours ago
- New York, NY (13 miles from Paramus, NJ)
- 22 hours ago
Maintains up-to-date knowledge on all Bank lending policies and regulations....
Sr. Credit Officer- Entertainment
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
Maintains up-to-date knowledge on all Bank lending policies and regulations....
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
, underwriting guidelines, and loan origination systems....
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
Diploma * Minimum 2 years residential loan originations or processing experience in a mortgage banking company. * Minimum 2 years of experience with state and federal lending regulations (e.g....
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
- New York, NY (13 miles from Paramus, NJ)
- 1 day ago
officer to utilize when meeting with referral partners. + Provide a list of prioritized items necessary for the loan officer to complete on a daily basis. + Serve as a back up to the Loan Officer while...
Credit Officer - Securitization - Director
- New York, NY (13 miles from Paramus, NJ)
- 2 days ago
- New York, NY (13 miles from Paramus, NJ)
- 2 days ago
warehouse/lending facilities....
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
notification, and building deal in lending system....
Commercial & Industrial Loan Officer
- White Plains, NY (17 miles from Paramus, NJ)
- 3 days ago
- White Plains, NY (17 miles from Paramus, NJ)
- 3 days ago
General Summary: Develop, originate, manage and underwrite commercial & industrial loans & commercial real estate loans in excess of $1,000,000.00 which meets established lending requirements and provide...
Credit Officer - Global Corporate & Investment Banking - General Industries
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
Corporate Banking, Investment Banking, Global Markets, and Treasury Exercises Delegated Approval Authority using sound judgment and expertise to make approval decisions for the business including new lending...
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
- New York, NY (13 miles from Paramus, NJ)
- 3 days ago
Job Description: At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and...
- Township of Washington, NJ (3 miles from Paramus, NJ)
- 3 days ago
- Township of Washington, NJ (3 miles from Paramus, NJ)
- 3 days ago
Responsibilities include but are not limited to: Originate first and second mortgages. Prequalify customers based on credit criteria. Build relationships with external referral sources....
Citi Commercial Bank - Commercial Lending Management Credit Officer, CLM Sponsor Credit Officer, VP
- New York, NY (13 miles from Paramus, NJ)
- 4 days ago
- New York, NY (13 miles from Paramus, NJ)
- 4 days ago
To facilitate the CCBs wholesale lending activities, Commercial Lending Management (CLM) serves as an in-business credit function organized around our strategic industries and global target market approach...
- Jackson Heights, NY (16 miles from Paramus, NJ)
- 4 days ago
- Jackson Heights, NY (16 miles from Paramus, NJ)
- 4 days ago
You will be responsible for proactively identifying, developing and maintaining a quality network of business relationships that serves as a source of referrals for new mortgage lending opportunities...
Leasing Credit Officer II/Leasing Credit Senior Officer - Asset Based Finance
- New York, NY (13 miles from Paramus, NJ)
- 4 days ago
- New York, NY (13 miles from Paramus, NJ)
- 4 days ago
and negotiate third party documentation Proven ability to identify trends and emerging risks in underwriting and client selection Proficient Microsoft Office skills Desired Qualifications: Municipal Lending...
Demographic Data for Paramus, NJ
Moving to Paramus, NJ? Find some basic demographic data about Paramus, NJ 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 Paramus, NJ
Highest Education Level
Loan Officers in Paramus, NJ 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
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- BSA
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Private Banking
- Loan Processing
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Encompass
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Portfolio Management
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Accounting
- Business Development
- Customer Relations
- High School Diploma
- Listening
- Retail
- Written Communication
- Telephone Skills
- Negotiation
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- 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 »