What Does a Loan Officer do?

This GMFS Mortgage video explains how Loan officers, often referred to as mortgage loan originators, are people who help borrowers acquire loans such as mortgages from banks and lending institutions. Loan officers work directly for the bank or lending institution and can assist in determining the credit worthiness of the borrower.

They can be seen as the intermediaries between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.

A lot of times, loan officers offer advice on how to save and shop and invest. They do this to help you get into a good financial position when you apply for a loan.

A loan officer has to garner someone’s trust when you apply for a loan because you release almost all of your personal and financial history. They should be the kind of person you would want to follow on Facebook, LinkedIn, or Twitter, so select a loan officer you feel good about.

In the United States, loan officers that originate residential loans must obtain an NMLS credential. This includes a background check, pre-license education, a credit check in a national exam, and in some cases, you have to get a state exam as well. You can validate a loan officer’s NMLS at www.nmlsconsumeraccess.org.

Whether you want to buy, build, renovate or refinance, the mission of a GMFS Mortgage Loan Officer is to find the right home financing solution for you.

Discuss your home ownership possibilities with our award-winning team today.
Contact a GMFS Mortgage Loan Officer near you.