Loan Originator Jobs in Alabama
A Loan Originator, also known as a mortgage loan officer, plays an essential role in the banking industry. Their primary role is to solicit new business and originate new loan applications for the bank or lending institution. They work with individuals or businesses seeking loans, clarify the different types of loans and terms the bank offers, and gather personal and financial data to complete loan applications. They also analyze and verify the loan applications to determine the borrower's creditworthiness and ability to repay the loan. They then forward the completed applications to the underwriting department for approval.
Loan originators must have excellent communication and customer service skills, as they are the first point of contact for customers seeking loans. They need strong analytical skills to accurately evaluate financial information and make informed decisions. Loan originators should also be familiar with industry regulations and lending programs. Some important certifications for a loan originator include Mortgage Loan Originator (MLO) license, which requires passing the National Mortgage Licensing System (NMLS) exam. Before becoming a loan originator, one might have roles such as a loan processor, a bank teller, or a sales representative in a financial institution.
This position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Sr. Consumer Loan Specialist - Sales Customer Service
- Center Point, AL
- 3 days ago
- Center Point, AL
- 3 days ago
Assists potential borrowers by explaining the loan process, answering questions regarding loan products and loan processing....
originator....
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...
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...
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...
May serve as a partner to the Lead/Primary Loan Originator. Acts as a liaison between the Lead/Primary and/or other team members, in-process customers and branch operations staff....
compliance - Stay current on industry trends and regulations - Meet loan production goals Position Skills: - Bachelor's degree in Finance, Business, or related field - 3+ years of experience in Ag lending...
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkThis position is expected to utilize sound lending skills, maximize potential profits, and follow policies for effective collection of accounts....
Assess lending risk utilizing judgmental credit analysis, ensuring the protection of the Credit Union....
Primary Responsibilities Completes mortgage applications for submission to the loan processing and underwriting departments Evaluates loan requests, analyzes financial data, and determines qualification...
Requirements Four-year college degree (preferred) At least three years of Loan Originating experience Ability to maintain flexible work schedule, including evening and weekend work Valid driver's license...
Two or more years of experience in residential mortgage lending with solid knowledge of the local market and regulations. Previous sales awards and leadership positions....
Mortgage Loan Assistant FLSA Status: Non-Exempt Position Summary: The Mortgage Lending Assistant is responsible for areas of both closing and post-closing responsibilities to ensure that the mortgage...
Demographic Data for Alabama
Moving to Alabama? Find some basic demographic data about Alabama below.
Loan Originator Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Originator Jobs in Alabama
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Alabama offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Retail Banking
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Nationwide Mortgage Licensing System & Registry
- Lending
- BSA
- Federal Housing Administration
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Jumbo Loans
- Commercial Banking
- Loan Review
- Commercial Lending
- Fannie Mae
- FHLMC
- Freddie Mac
- Loan Processing
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Credit Analysis
- Financial Services
- USDA
- Loan Servicing
- Underwriting
- Appraisal
- Goal Oriented
- Real Estate
- Referrals
- Sales Management
- Customer Satisfaction
- Collections
- Closing
- Finance
- Accounting
- Retail
- Business Development
- High School Diploma
- Customer Relations
- 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 Originator 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 »