Commercial loan officers manage business loans, often for commercial banks. These professionals may be further specialized by business size -- small business, middle market, or enterprise -- or loan type. Commercial loan types include asset-backed loans, cash-flow loans, and syndicated loans, among others.
How to vet and work with a loan officer
A great loan officer manages a straightforward loan process with minimal surprises. They are knowledgeable, organized, efficient, and reachable. By contrast, a poor loan officer might lose documents, fail to return phone calls, be unable to answer questions accurately, and miss deadlines.