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Loan Officer Jobs Salem OR

Local resource for loan officer jobs in Salem. Includes detailed information on local businesses that provide access to loan officer staffing agencies, loan officer schools, loan officer education, loan officer degree programs, and loan officers, as well as advice and content on loan officer job applications and financial careers.

Northwest Staffing Resources
(503) 581-1600
367 State St
Salem, OR

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Advance Personnel Agency
(503) 581-8906
441 Union St Northeast
Salem, OR

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North Valley Medical Staffing
(503) 463-5730
4776 Whitman Cir Ne
Salem, OR

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Mdl Employment Svc
(503) 362-2209
698 12th St SE
Salem, OR

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Employers Overload
(503) 371-8000
4035 12 St SE
Salem, OR

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Two Star Personnel
(503) 566-2174
3000 Market St Ne Ste 504
Salem, OR

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Personnel Source
(503) 463-6430
1555 Hawthorne Ave NE
Salem, OR

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(503) 364-3235
3470 Pipebend Pl NE
Salem, OR

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Cascade Employers Association Inc.
(503) 224-5219
3747 Market NE
Salem, OR

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(503) 581-1748
1665 25 St SE
Salem, OR

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Loan Officer

How to become a Loan Officer

A loan officer generally works for a bank or other financial institution as an intermediary between clients who want to borrow money and the lending institutions. Most entry level positions as a loan officer require an applicant to hold a minimum of a bachelor's degree in finance, economics, or a related field. Sales experience is also a valuable plus. Loan officers without a bachelor's degree have usually worked their way up to the position from lower level positions within the company such as bank teller or entry level customer service representative.
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  • Associate of Arts in Financial Services
  • Bachelor of Science in Business - Finance
  • Bachelor of Science in Business - Accounting
  • Master of Business Administration - Accounting
  • Master of Science in Accountancy
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    What does a Loan Officer do?

    Loan officers broker a variety of different loans. Personal secured and unsecured loans, collateral loans (such as auto or boat loans), and home loans such as mortgages and home equities are a few. They also facilitate business loans and lines of credit for commercial clients.

    It is the loan officer's job to solicit loan applications from potential borrowers and help them apply for the loans needed. During the application process, a loan officer will collect data about the person, people, or business applying for the loan to help determine their credit worthiness and the probability of them repaying the loan. Often times, potential borrowers may not be familiar with the application or borrowing process. The loan officer will guide the borrower through the process to ensure a smooth and comfortable process for the applicant.

    Loan officers sometimes also assist potential borrowers who may not qualify for a traditional loan by exploring non-traditional avenues and special borrowing programs. A good loan officer will match the client with the best available product to meet their needs while still maintaining the financial institution's well being.

    Sometimes loan officers specialize in a particular aspect of the loan process. Some loan officers are called "underwriters." These officers are experts in risk assessment and usually help determine whether a loan can be granted and if so on what terms (i.e. interest rate, amount, length of the loan, etc.).

    Other loan officers, sometimes called "loan collection officers," work with existing borrowers that may be behind in their repayment obligations to assist the borrower in finding a way to avoid defaulting on their loan. If an acceptable repayment plan cannot be negotiated or is not followed, the loan collection officer may then initiate "collateral liquidation" which involves foreclosure or repossession of a home, car or other item used as collateral for a secured loan.

    What skills or qualities do I need to become a Loan Officer?

    Loan officers generally act as salespeople. For this reason, good interper...

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