Our Loan Originator job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Loan Originator role
A Loan Originator is responsible for originating, evaluating and processing loan applications for various types of loan products. They analyze financial and credit data, review loan applications, and communicate loan decisions to applicants. They may also facilitate loan closings, provide customer service and educate customers about loan products.
Role Purpose
The purpose of a Loan Originator is to assist individuals and businesses in obtaining loans. This includes researching and analyzing financial information in order to assess creditworthiness and present loan options to clients. The Loan Originator is also responsible for providing guidance and advice to clients in order to ensure they make informed decisions regarding their loan options. In addition, the Loan Originator is responsible for preparing and submitting loan applications, processing and closing loan paperwork, and ensuring compliance with applicable banking regulations.
Loan Originator Summary
Loan Originator is responsible for originating, processing, and closing consumer mortgage loans. They will analyze and evaluate customer financial information to determine loan eligibility and provide the best loan product that meets the customer's needs. They will also be responsible for working directly with customers throughout the loan process, ensuring all documents are completed accurately and efficiently, and ensuring customer satisfaction. Additionally, Loan Originators will build relationships with outside mortgage lenders, real estate agents, and other referral sources to generate new business.
Loan Originator Duties
- Advise potential borrowers on loan options
- Gather and analyze credit and financial data
- Review, process, and approve loan applications
- Manage loan portfolios
- Develop loan products and services
Loan Originator Skills
- Analyzing financial needs
- Analyzing credit history
- Advising on loan options
- Maintaining customer relationships
Loan Originator Requirements
- Bachelor's degree in a related field
- Knowledge of the lending industry
- Excellent communication and customer service skills
- Ability to analyze financial information
- Ability to work in a fast-paced environment
Personal Traits
- Strong interpersonal skills
- Excellent communication and negotiation abilities
- Organizational skills
- Ability to work under pressure