“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 ...

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 ...

S. Department of Labor (DOL) determined that employees who perform the typical duties of a mortgage loan officer have a primary duty of making sales for their employers and, therefore, do not qualify ...

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 ...

Entering the mortgage industry as a loan officer can be both exciting and ... and loan originators have very serious responsibilities that have a life-changing impact on the people they serve.

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 bilingual employees being trained as mortgage loan officers gathered in Minneapolis to begin their program at the end of April. In addition to U.S. Bank leaders, representatives from the Federal ...

Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content. Loan officers are the quarterbacks of the loan process. They communicate ...