Loan Officer Jobs in Westerly, RI
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.
- Groton, CT (12 miles from Westerly, RI)
- 6 days ago
- Groton, CT (12 miles from Westerly, RI)
- 6 days ago
lending industry Working knowledge of mortgage lending requirements, regulations and procedures for VA and conventional loan programs Working knowledge of mortgage/equity loan processing, closing and...
- Norwich, CT (19 miles from Westerly, RI)
- 7 days ago
- Norwich, CT (19 miles from Westerly, RI)
- 7 days ago
and/or commercial real estate lending experience in a bank setting....
Ensure strong, working relationships with lending teams....
- Norwich, CT (19 miles from Westerly, RI)
- 19 days ago
- Norwich, CT (19 miles from Westerly, RI)
- 19 days ago
Commercial Loan Officer Commercial Loan Officers work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more....
Mortgage Loan Officer I/II Mortgage Loan Officer I/II
- Groton, CT (12 miles from Westerly, RI)
- 20 days ago
- Groton, CT (12 miles from Westerly, RI)
- 20 days ago
lending industry Working knowledge of mortgage lending requirements, regulations and procedures for VA and conventional loan programs Working knowledge of mortgage/equity loan processing, closing and...
- Norwich, CT (19 miles from Westerly, RI)
- 22 days ago
- Norwich, CT (19 miles from Westerly, RI)
- 22 days ago
This position would be to assist the loan officers with creating and preparing the loan packages. 2 years of commercial banking experience is required....
Vice President, Regional Manager for Mortgage Lending - Southern Rhode Island
- Westerly, RI
- 30+ days ago
- Westerly, RI
- 30+ days ago
The successful candidate must have a thorough knowledge of the mortgage industry, products, lending practices and guidelines and at least ten years’ experience in loan origination....
Demographic Data for Westerly, RI
Moving to Westerly, RI? Find some basic demographic data about Westerly, RI below.
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Salary for Loan Officer Jobs in Westerly, RI
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Westerly, RI offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- BSA
- Loan Processing
- Federal National Morgage Association
- Commercial Lending
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- Credit Analysis
- USDA
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Customer Satisfaction
- Finance
- Closing
- Collections
- Business Development
- Retail
- Customer Relations
- High School Diploma
- Negotiation
- Written Communication
- Documentation
- Accounting
- Employee Development
- Verbal Communication
- Telephone Skills
- Policy Development
- Filing
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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