What Is a Loan Officer?

By Catherine Brock – Updated Sep 6, 2025 at 4:15 AM

Key Points

Loan officers manage loan apps, guiding borrowers and coordinating with teams.
To find a skilled loan officer, use referrals and verify their credentials.
Effective communication with your loan officer can streamline the loan process.

Loan officers are the quarterbacks of the loan process. They communicate, coordinate, and consult to get loans funded on time. Read on to learn the specifics of a loan officer's job and how to find good loan officers and work with them successfully.

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Three people sitting at table reviewing documents. — Image source: Getty Images.

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Basically, you can position your loan for success by setting the tone. Be communicative, professional, and responsible and encourage your loan officer to do the same. That won't eliminate surprises from the loan process, but it will allow you and your loan officer to collaborate effectively if unexpected issues arise.

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About the Author

Catherine grew up in Southern California wearing a lot of black and trying to perfect the art of sarcasm. Prior to joining The Fool as a contract writer, Catherine was climbing the corporate ladder in marketing roles and dabbling in too many side hustles. When she's not writing, she can be found riding a horse in the country or shopping online for clothes.

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@catherinejbrock

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