Mortgage Loan Officer Job Responsibilities


A mortgage loan officer is an individual who works at a bank or another financial institute and is responsible for handling all the duties associated with providing mortgage loan to the clients.

He/she tries to develop new schemes and offers to attract more customers and helps those who are applying for a mortgage loan. To become a mortgage loan officer, one needs to have good financial skills, auditing skills, decision making abilities, exceptional interpersonal skills and analytical abilities as well. The following are the major job responsibilities of a mortgage loan officer:

Mortgage Loan Officer Job Responsibilities

  • A mortgage loan officer is responsible for increasing and improving mortgage loan portfolio by developing new contacts, maintaining the existing ones and attracting customers through better offers and schemes.
  • Any person who is a mortgage loan officer is also responsible for analyzing and appraising job contributions and adhering to the guidelines, policies and regulations of the financial institute where he/she is employed at.
  • Another responsibility of a mortgage loan officer is to meet the annual targets of the institute by identifying variances, monitoring the expenditures and taking actions for correcting of the processes and procedures.
  • It is the responsibility of a mortgage loan officer to keep confidential information undisclosed so as to improve the image of the bank or the financial institution.
  • Another job responsibility of a mortgage loan officer is to analyze the mortgage loan application of the clients, examine their supporting documents and then take a decision whether or not to approve of the application.
  • A mortgage loan officer is also responsible for contacting prospective clients and trying to offer them good deals so as to increase business and meet targets.
  • Noting down or entering client information into the computer system is yet another daily responsibility of a mortgage loan officer.

Category: Finance Job Responsibilities

Leave a Reply


four × 3 =