Mortgage Loan Officer Career

A mortgage loan officer is an intermediary   between people seeking mortgage loans and the lender, extending loan. Mortgage loans are extended for residential, recreational and buying real estate properties. The role of a mortgage loan officer is to help the clients apply for a loan and follow till the deal is closed.

How to become a mortgage loan officer:

Aspiring mortgage loan officers need to have a graduate degree in banking, finance, and economics or in related fields. Possessing excellent knowledge on computer application will enhance opportunities.

Loan officers need to have good communication skills, as they need to explain loan products to the clients.

Mortgage loan officer career course, Training, programs:

Graduate mortgage loan officer will be given an on-the-job training by their employers. This guarantees that the officer is thorough with the company standards when processing the loan application. Obtaining an on-line training certificate would help the officer to have a better understanding of the loan procedures.

Attending mortgage workshop would help gain better knowledge about lending. Joining live events will provide an opportunity to interact with mortgage loan professionals.

Mortgage loan officer career schools/ colleges, education:

Several mortgage loan training programs are available in on-line format. Numerous college websites offer classes for loan officers. Enroll in a work study program for an internship and gain considerable skill and experience even being a student.

Top 5 colleges / universities

  • National Association of Mortgage Professionals.
  • Abacus Mortgage Training and Education.
  • Central Piedmont Community College.
  • Morton Associates.
  • 1 Source Training LLC.

  Mortgage loan officer job opportunities, salary, recruitment

An officer, with experience can get promoted to the management level or find more rewarding positions in the industry. The job opportunity of a mortgage loan officer is directly related to the economic factors.

The salary is in the range of $32,000 to $58,000 per year. This comprises of basic salary, bonus and commission income. An officer dealing with higher-value loan inclines to get larger income.  Higher numbers of officers work for financial institutions. Some get recruited in the field to meet clients.

Category: Banking Careers

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