Loan Originator Jobs in Massachusetts
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.
Maintain notes within the Loan Origination System to ensure complete exchange of information. Occasionally provide initial set up of the file....
You will exercise lending authority and work closely with the Lending Team to ensure sound credit and lending decisions that align with the organizations risk management objectives....
lending process....
Financial Services Representative - Shrewsbury, MA
- Shrewsbury, MA
- 2 days ago
- Shrewsbury, MA
- 2 days ago
Financial Services Representative Have a passion for helping people? Join our team of Financial Services Representative where youll have dedicated time to focus on growth and career development,...
Reporting to the Assistant Manager of Loan Servicing, the LoanServicing Specialist II handles clerical and administrative tasks forCommercial, Residential, and Consumer loans in line with bank...
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...
Equal Housing Lender....
Incumbent is responsible for providing support to loan originators by working directly with Borrowers with the primary objectives of 1) enabling the loan originators being supported to close more loans...
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
Qualifications 3-5 years financial services background (6+ overall relevant experience) Strong preference for experience in Leveraged Loan markets, transactions; may include commercial lending/bank...
Job Summary: COMMUNITY LENDING MORTGAGE BANKER WHAT IS THE OPPORTUNITY?...
Equal Housing Lender....
Equal Housing Lender....
Equal Housing Lender....
Equal Housing Lender....
Demographic Data for Massachusetts
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Salary for Loan Originator Jobs in Massachusetts
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Massachusetts offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Goal Oriented
- Federal National Morgage Association
- Mortgage Lending
- 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
- Credit Underwriting
- Mortgage Processing
- Encompass
- Credit Analysis
- USDA
- Loan Servicing
- Financial Services
- Underwriting
- Appraisal
- Portfolio Management
- Real Estate
- Sales Management
- Customer Satisfaction
- Referrals
- Finance
- Closing
- Collections
- Business Development
- Accounting
- Listening
- Customer Relations
- High School Diploma
- Retail
- Written Communication
- Negotiation
- Telephone Skills
- Documentation
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Bilingual
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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