Loan Originator Jobs in Michigan
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.
Works with sales leadership and assigned Senior Loan Originator to learn and master all aspects and components of the mortgage loan originator position....
Perform timely and accurate lending functions and offer lending solutions of all varieties including HELOC and Business Lending....
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...
As a Loan Officer, you will have the opportunity to provide lending and agricultural expertise to our valued customers....
Apply Description General Job Summary The Loan Counselor is responsible for collecting delinquent loan payments to minimize delinquencies and foreclosures. Typically handles loans in early stages...
Works with senior leadership to educate Mortgage Loan Advisor on all aspects and components of the mortgage loan originator position....
lending opportunities....
Technology Proficiency: Comfort with using software for loan processing and customer management. Customer Focus: Dedication to delivering exceptional customer service throughout the loan process....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
The Lending Specialist is responsible for delivering excellent member experience with processing virtual lending applications....
Scorecard Accountability: Cross-offer new checking, lending, and product protection to members that are consistent with individual and branch goals....
Help Small Businesses Thrive: Connect small businesses with financing from a network of over 100+ lenders....
Remote WorkESSENTIAL DUTIES AND RESPONSIBILITIES: Thorough knowledge of commercial and consumer lending, banking laws and regulations, to effectively assist with the assessment of credit risk and the monitoring...
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Advises clients on the home buying or refinance process while assisting through the loan process from application to closing....
Demographic Data for Michigan
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Title Synonyms
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Salary for Loan Originator Jobs in Michigan
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Michigan 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
- Loan Processing
- Freddie Mac
- Tila Respa Integrated Disclosures
- VA Loans
- OFAC
- Mortgage Processing
- Credit Analysis
- Financial Services
- Loan Servicing
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Sales Management
- Customer Satisfaction
- Collections
- Closing
- Finance
- Accounting
- Customer Relations
- Retail
- High School Diploma
- Business Development
- 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
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