Loan Officer Job Description Template

Job title

Loan Officer

Job summary

[Company name] is seeking a dependable loan officer to join our team in [city, state]. In this role, you will meet with borrowers to understand their goals, review credit, income, assets and debts and support our team’s commitment to safety, quality and service.

Responsibilities

• Meet with borrowers to understand their goals
• Review credit, income, assets and debts
• Explain loan options, rates and costs
• Take and submit loan applications
• Work with processors and underwriters
• Build referral relationships
• Keep up with lending regulations
• Follow company policies, safety procedures and applicable regulations

Required qualifications

• Bachelor's degree
• Current license or certification as required by [state]
• Working knowledge of credit analysis and loan products and guidelines
• Communication and trustworthiness
• [Add role-specific requirements, such as driver’s license or ability to pass a background check, if job-related]

Preferred qualifications

• NMLS Mortgage Loan Originator license
• SAFE MLO test
• Certified Mortgage Banker (CMB)
• Experience with loan origination systems such as Encompass

Skills

• Loan origination software
• Financial calculations
• Lending regulations
• Sales and referral development
• Persistence
• Relationship building

Work environment and schedule

Loan officers work in banks, credit unions, mortgage companies and from home, meeting clients in offices or virtually. The work is mostly at a computer and on the phone. Most work full-time, often including evenings and weekends to meet clients, especially in mortgage lending.

Pay and benefits

$[min]–$[max] per [hour/year], depending on experience. [List benefits: health insurance, paid time off, retirement plan, training and certification support.]

Equal opportunity

[Company name] is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or any other characteristic protected by law, and we provide reasonable accommodations upon request.