Loan Officer Jobs in New Jersey
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.
agreements. + Exceptional communication skills and able to manage and resolve moderately complex problems. + Highly effective written and oral communication skills. + Solid understanding of commercial lending...
Description CSPNJ, a mental health nonprofit is looking for a full-time Financial Services Representative in Absecon. Under the direct supervision of the Director of Financial Services, the...
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....
Responsibilities include but are not limited to: Originate first and second mortgages. Prequalify customers based on credit criteria. Build relationships with external referral sources....
(Required) Experience 3 or more years commercial lending and credit training. (Required) 0 to 6 months formal credit training from a bank program or certified credit training program....
We're Hiring Loan Officers - No Experience Needed! Looking to start a rewarding career in the mortgage industry?...
experience Organizational skills Data collection Associate's degree 2 years Marketing Full Job Description Overview: The Loan Officer Assistant role is focused on supporting the Loan Officer team in...
DNA PS Implementation Support, Loan Consultant
- Berkeley Heights, NJ
- 3 days ago
- Berkeley Heights, NJ
- 3 days ago
Job Title DNA PS Implementation Support, Loan Consultant What does a successful Lending Implementation Consultant do?...
Responsibilities include but are not limited to: Originate first and second mortgages. Prequalify customers based on credit criteria. Build relationships with external referral sources....
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...
Job Requirement Loan Administrator transactions Syndicated Loan Lending Syndications Invoicing billing funds Treasury payments Loan Administrator transactions Syndicated Loan Lending Syndications Invoicing...
Account Executive (Mortgage Consultant) - Jersey City, NJ
- Jersey City, NJ
- 5 days ago
- Jersey City, NJ
- 5 days ago
About Guidance Residential We are the largest and most respected Sharia-Compliant home financier in the United States. Our company has the most recognized brand worldwide, and has been endorsed by...
Clearly communicates the loan program terms and benefits available to the customer as well as the loan process....
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...
lending products Actively participate in branch duties with a strong sense of teamwork The salary range for this full-time position is $24.00 Hourly - $28.85 Hourly + bonus + benefits Salary ranges...
Demographic Data for New Jersey
Moving to New Jersey? Find some basic demographic data about New Jersey 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 New Jersey
Highest Education Level
Loan Officers in New Jersey 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 »