From:www.jobbank.usa.com

Loan officers facilitate this lending by seeking potential clients and assisting them in applying for loans.Working as a loan officer usually involves considerable travel. For example, commercial and mortgage loan officers frequently work away from their offices and rely on laptop computers, cellular phones, and pagers to keep in contact with their offices and clients. Mortgage loan officers often work out of their home or car, visiting offices or homes of clients while completing loan applications.

Loan officers also gather information about clients and businesses to ensure that an informed decision is made regarding the quality of the loan and the probability of repayment.Loan officers usually specialize in commercial, consumer, or mortgage loans. Commercial or business loans help companies pay for new equipment or expand operations; consumer loans include home equity, automobile, and personal loans; and mortgage loans are made to purchase real estate or to refinance an existing mortgage.Loan officers were employed by commercial banks, savings institutions, and credit unions. Others were employed by nonbank financial institutions, such as mortgage banking and brokerage firms and personal credit firms.Commercial loan officers sometimes travel to other cities to prepare complex loan agreements.

loan officers employment is subject to the upturns and downturns of the economy.

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