Loan Officer Jobs in Springfield, MA
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.
Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration....
- Manchester, CT (23 miles from Springfield, MA)
- 14 days ago
- Manchester, CT (23 miles from Springfield, MA)
- 14 days ago
Commercial Loan Officer I am urgently seeking an experienced Commercial Loan Officer currently supporting Western Connecticut....
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...
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
- Windsor, CT (17 miles from Springfield, MA)
- 27 days ago
- Windsor, CT (17 miles from Springfield, MA)
- 27 days ago
Commercial Loan Officer I am urgently seeking an experienced Commercial Loan Officer currently supporting Western Connecticut....
Senior Associate, Commercial Mortgage Loan Administrator
- Windsor, CT (17 miles from Springfield, MA)
- 30+ days ago
- Windsor, CT (17 miles from Springfield, MA)
- 30+ days ago
division is an investment processing service group that provides middle and back office operations, accounting and reporting support to Asset Management, Insurance, Pension, Wealth Management, nonbank lenders...
- Hartford, CT (22 miles from Springfield, MA)
- 45+ days ago
- Hartford, CT (22 miles from Springfield, MA)
- 45+ days ago
Ideal candidate will possess thorough understanding of workforce development programs, including the American Job Center System, mortgage, lending and foreclosure programs and the government initiatives...
Demographic Data for Springfield, MA
Moving to Springfield, MA? Find some basic demographic data about Springfield, MA below.
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Title Synonyms
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Salary for Loan Officer Jobs in Springfield, MA
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Springfield, MA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Officer position
- Reimbursement
- Retail Banking
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- Nationwide Mortgage Licensing System & Registry
- FHLMC
- Fannie Mae
- Loan Review
- Commercial Banking
- BSA
- Freddie Mac
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- OFAC
- Cross Selling
- Credit Underwriting
- Mortgage Processing
- Wealth Management
- Loan Servicing
- Credit Analysis
- Financial Services
- Encompass
- Underwriting
- Appraisal
- Real Estate
- Sales Management
- Referrals
- Customer Satisfaction
- Closing
- Finance
- Collections
- Business Development
- Listening
- Accounting
- Customer Relations
- High School Diploma
- Retail
- Negotiation
- Verbal Communication
- Telephone Skills
- Written Communication
- Documentation
- Sales
- Regulations
- Policy Development
- Microsoft Excel
- Microsoft Office
- Problem Solving
- Bilingual
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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