Back to Glossary
January 19, 2023
A loan officer is a bank, credit union, or another financial institution official who assists borrowers with applying. Because mortgage loans are the most complex and expensive form of loan that most customers face, loan officers are sometimes referred to as mortgage loan officers. On the other hand, most loan officers help consumers and small business owners with a wide range of secured and unsecured loans. Loan officers must be well-versed in lending products, banking sector norms and regulations, and the documents necessary to acquire a loan.