Mortgage loan officer responsibilities include assisting clients in their mortgage application process and choosing the most appropriate loan for the customer. Clients may have different goals, may come from different financial backgrounds, and their credit requirements may also vary. It is the responsibility of the loan officer to match the needs of the clients with the available mortgage products.
Responsibilities while Analyzing the Mortgage Application
Once a client in need of a mortgage gets in touch with the loan officer, he analyses the client’s financial background and creditworthiness. He also assess the ability of the customer to repay the mortgage. Sometimes, the loan officer will pre-approve an amount which is less than what the client is looking for, if he feels that the customer is not in a position to repay the higher amount.
Responsibilities while Processing the Loan
2. Career planner website, https://www.careerplanner.com/Job-Descriptions/Loan-Officers.cfm
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