Loan Officer Jobs in Michigan
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.
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 WorkJob Type Full-time Description Job Title: Mortgage Loan Originator FLSA: Exempt Function: Mortgage Lending Reports To: Mortgage Sales Manager Purpose: Increase mortgage loan portfolio by developing...
The Loan Officer will be responsible for originating loans, assessing borrower qualifications, providing personalized financing solutions, and navigating the loan process with clients....
Description Summary: The Mortgage Loan Officer position provides Simply the Best customer service to each customer at all times....
Remote WorkDescription Summary: The Mortgage Loan Officer position provides 'Simply the Best' customer service to each customer at all times....
Remote WorkConsumer Loan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career....
location) Job Details Are you experienced in mortgage lending, processes, and compliance?...
Loan Officer The Consumers Credit Union team is looking to hire a passionate Loan Officer to join our team....
The Lending Specialist is responsible for delivering excellent member experience with processing virtual lending applications....
As a First Financial Bank (FFB) Mortgage Loan Originator, you will originate mortgage loans sourced through your established referral partners, our retail banking branches, internal departments, and...
Mortgage Loan Officer - Bilingual (Spanish/English)(Detroit, Michigan)
- Detroit, MI
- 6 days ago
- Detroit, MI
- 6 days ago
As a Mortgage Loan Officer, youll play a crucial role in guiding clients through the mortgage process. Whether theyre purchasing a home or refinancing, youll be there every step of the way....
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 WorkProvides effective communication of findings to lending staff and management. Interacts with loan officers and other loan personnel regarding lending issues....
United Wholesale Mortgage (UWM) is Americas #1 mortgage lender and were looking to fill an immediate need for Mortgage Operations Specialists....
Position Summary: Reports to Mortgage Lending Manager. Responsible for originating conventional residential mortgages, FHA, VA, and RD loans....
Demographic Data for Michigan
Moving to Michigan? Find some basic demographic data about Michigan 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 Michigan
Required or preferred licenses and certifications for Loan Officer positions.
Highest Education Level
Loan Officers in Michigan 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 »