Loan Officer Jobs in Massachusetts
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.
Officer (MLO)....
Able to register as a licensed Mortgage Loan Originator as required under the S.A.F.E. Act. A resident of one of the focus geographies is a plus....
Development Specialist Professions that excel in this role: Commercial Loan Officers, Financial Advisors/Planners, Insurance Agents/Brokers (Business Insurance), Real Estate Brokers/Agents (Commercial...
Remote WorkDescription At Citizens, we work together to make a difference for companies that are building, supplying and serving industries and consumers across the country. As the Capital Markets Senior...
Education: Undergraduate degree in accounting, finance, economics, or related field Experience: 5-7+ years commercial lending/credit experience....
Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration....
Mortgage Loan Originators need proficient mortgage industry knowledge in order to originate loans and develop realtor and business contacts....
Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements....
We are currently hiring dedicated Mortgage Loan Officers who proactively identify, build and maintain a quality network of business relationships that serves as a source of referrals for new mortgage...
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...
We are currently hiring dedicated Mortgage Loan Officers who proactively identify, build and maintain a quality network of business relationships that serves as a source of referrals for new mortgage...
Consumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust...
. - Stay informed of lending trends, market conditions, and other factors to best serve members' needs. - Participate in developing lending and deposit business for the Credit Union by creating a member...
Job Type: Regular Time Type: Full time Work Shift: Day (United States of America) FLSA Status: Non-Exempt When you join the growing BILH team, you're not just taking a job, you're making a...
Demographic Data for Massachusetts
Moving to Massachusetts? Find some basic demographic data about Massachusetts below.
Loan Officer Online Courses and Training Opportunities
Title Synonyms
Users interested in this job title also searched for the following job titles
Salary for Loan Officer Jobs in Massachusetts
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Massachusetts 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
Other Career Titles
Here are some other career titles that require similar skills
Loan Officer 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 »