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There are a few individuals you’re likely or virtually certain to work with during a standard mortgage and homebuying situation, and one of the most common is the loan officer. In many cases serving as the primary point of contact for prospective homebuyers within the mortgage realm, loan officers are well-trained, experienced individuals who assist you with several areas of this process.

At Primary Residential Mortgage in Tulsa, our team includes several friendly, dedicated loan officers on-hand to assist you with finding ideal home loans and the best mortgage rates available for your situation. For those who may be wondering precisely what a loan officer is and how they serve you during the mortgage process, here’s a quick primer on their tasks, schedules and other factors.

Loan Officer Basics

Per the US Bureau of Labor Statistics, loan officers are in place to evaluate, authorize or recommend approval of loan applications for people and businesses. They are often the first person a given mortgage applicant will speak to in detail about their needs and financial situation, with the loan officer generally guiding them through some of these initial stages to screen applicants and direct them toward the right mortgage rates and programs.

Loan Officer Tasks

A full layout of the tasks a loan officer covers within a given day will include:

• New lead prospecting in the form of calls, emails, networking events and various other formats.
• Interviews and pre-qualification or pre-approval processes for potential buyers, both in-person and via digital methods.
• Discussion of various mortgage options with clients, beginning with needs and basic financial situation and ranging all the way to ideal loan formats and closing costs.
• Maintaining contact with not only clients, but also loan processors, title companies, lenders and other involved vendors to ensure closing takes place in a timely and appropriate manner.
• Attending closings to ensure everything is kosher (plus to celebrate with new homeowners).
• Continued education and skill development within the mortgage world, from staying current on market trends to being fully up-to-speed on current laws and regulations, changing interest rates and any evolving technologies or new areas of the mortgage world. This theme is not just expected of loan officers, but generally required to maintain licensure.

Scheduling Flexibility

One important note for prospective buyers: Loan officers are allowed a reasonable amount of flexibility in their scheduling, and this benefits borrowers. No matter what your preferred schedule is – whether you’re a morning person, like to handle business in the afternoons or even prefer evenings – you’ll be able to find a loan officer whose typical schedule conforms to yours, ensuring you won’t constantly be waiting hours or days for responses to simple questions or needs.

For more on loan officers and how they serve you, or to learn about any of our mortgage loan services, speak to the staff at Primary Residential Mortgage today.

*PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Opinions expressed are solely my own and do not express the views of my employer.