Most homebuyers will work with a loan officer if they intend to finance their home purchase. A licensed loan officer assists in finding suitable loans with appropriate terms for the borrower and offers guidance to borrowers.

Loan officers work at banks or other lending institutions, assisting home buyers with loan applications. Loan offers can also facilitate other types of loans, such as personal and business loans. They evaluate borrowers' creditworthiness to determine whether they can proceed to underwriting.

Professionally, loan officers must effectively work with consumers and small business owners. Their industry knowledge, including banking rules and regulations, lending products, and required documentation, remains essential to their work.

Finally, loan officers bring human empathy to the loan approval process and can practice some flexibility when considering individual circumstances. A licensed loan officer must contact loan applicants and complete mortgage paperwork. They can also exhibit excellent customer service skills and support borrowers over the loan's lifetime.