Loan Officer
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Definition:
A Loan Officer solicites loans, guides borrowers though the loan application process, and determines if loans will be approved. Loan officers specialize in specific loan types including commercial, consumer/personal, or mortgage loans. Their duties may overap with that of an Underwriter by evaluating the creditworthiness of a potential borrower.
Related Concepts:Certified Mortgage Banker
Collateral
Escrow
Federal Housing Authority
Truth in Lending Act
Available Positions Related to Loan Officer:Retail Banking & Consumer Finance jobs
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