loan officer
loan officer
English Definitions:
Loan Officer
Loan Officers, also referred to as "Mortgage Loan Originators", work for banks and other financial institutions with the main objective to recommend individual and business loan applications for approval. Loan officers specialize in commercial, consumer and mortgage loans. Although they are employed by financial institutions, they can be seen as intermediaries between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.
Loan officer
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions. Mortgage loan officers must be licensed.
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"loan officer." Kamus.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.kamus.net/english/loan+officer>.
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