What do loan consultants do

By utilizing your excellent phone communication and social skills, you will provide a creative approach to the job search and interview process. We are a direct residential mortgage lender, currently licensed in 45 states. Our Corporate office is located in Melville, NY. We are comprised of some of the best and brightest in consumer direct mortgage leadership and online marketing technology.

Our team has built what is now and Inc. When you join our company you become part of a supportive and collaborative family with access to direct management and training tools that will accelerate your potential and maximum your career growth.

We are an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to race, religion, color, orientation, gender, age, national origin, veteran status, disability status or marital status. Employment is contingent upon successful completion of a background investigation. To verify licensing, please visit [website]. Excellent opportunity for natural extroverts to receive fast-track training and be licensed and originating home loans within two to three months.

Strong communication and customer service skills a must. Our loan officers do not cold call. They answer incoming calls and make outgoing calls to customers that have inquired about our services. Read over reviews by AimLoan employees on Glassdoor! Centrally located in Mission Valley, our Loan Officers work Monday through Friday, or , based on seniority. If you share our core values of Integrity, Teamwork, Communication, Service and Continuous Improvement, we want you to join our company.

Background checks are conducted, including a review of your credit history. We are a drug free workplace and an equal opportunity employer. Visit our website at [website] to learn more about our company and business model. Loan Officers work for financial institutions, usually banks, to sell financial services and loans to customers based on their needs and qualifications. Loan Officers conduct meetings with people who want a loan to buy a home, purchase a car or start a business. Loan Officers commonly work with homebuyers, but they can take on clients with different goals.

They study lending regulations and work with clients to gather the necessary financial documentation to move forward with an application. Loan Officers recommend clients for approval to begin the underwriting process or explain their reasons for denying a request.

Loan Officers should have a variety of practical skills for their position. The main skills and qualifications of a Loan Officer are:. Computer courses focused on loan software are also helpful. Employers prefer to hire Loan Officer candidates who have at least an associate degree in banking and finance.

Licensing is not always required. An MLO license requires credit and background checks, a minimum of 20 hours of coursework and a passing score on the MLO exam. Loan Officers need several years of relevant work experience, particularly in customer service and the finance industry, such as a Teller position at a bank or accounting work.

Loan Officers and Underwriters work together to move clients through the process of applying for a loan and getting approved.

Loan Officers are the first point of contact for the client, while Underwriters mainly do research and complete financial paperwork. They meet directly with the client, talk about their financial goals, learn about their financial history and discuss loan options. Bureau of Labor and Statistics, mortgage loan consultants may work for a lender, for a brokerage or as an independent consultant who represents a number of lenders.

Mobile mortgage loan consultants typically rely on laptop computers and cell phones, and some consultants must travel to other cities in order to work directly with remote clients and lenders. Though mortgage loan consultants sometimes work long hours to finish complex loan processes, most consultants work about 40 hours per week.

The Bureau of Labor and Statistics notes that mortgage loan consultants generally must have at least a high school diploma and may receive considerable on-the-job training. A description of the role posted on the career website City Town Info goes on to note that mortgage loan consultants often study business- and financial-related topics, such as accounting, finance, economics, marketing and even management.

Mortgage loan consultants who want to become certified mortgage loan officers must finish at least 20 hours of formal training, pass a licensing exam and take periodic continuing education courses. Educational Requirements The minimum qualification required to make an entry in this field is that the individual should have completed at least a bachelor's degree from an accredited university or college in business, finance, economics, or any other relevant field.

However, some employers may prefer to hire the individuals who have completed a high school diploma as well. The educational background, skills and experience are also some of the key factors responsible for determining the final salary amount.

Thus, if you want your career to reach greater heights, then the loan consultant responsibilities must be carried out professionally, thus ensuring a lucrative career ahead. Related Post Loan Consultant Resume. Loan Officer Job Description.