“Loan officers typically have a number of duties, including meeting with borrowers to discuss their financial needs and goals, evaluating borrowers’ financial situations to determine whether ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Katie Miller is a consumer financial ...

Loan officers often take on sales roles ... It's a mortgage banker's responsibility to verify applicants' employment status, salary, credit history and other financial information to determine ...

Simply put, it is the lack of specific definition of the responsibilities of the “job.” This dearth of vital communication is essential for successful leadership, yet we rarely see it practiced the ...

Mortgage Brokers vs. Loan Officers When consumers wish to buy or refinance a home, often their first step is to contact a loan officer in a local bank or credit union. A bank loan officer offers ...

The letter concluded that employees who perform typical job duties of a mortgage loan officer do not qualify as administrative employees exempt from the minimum wage and overtime requirements of ...

The U.S. Department of Labor (DOL) recently issued an Administrator Interpretation stating that employees who perform the usual duties of mortgage loan officers are not exempt from the Fair Labor ...