In accordance with the U.S. Bureau of Labor Statics (BLS), “loan officers evaluate, authorize, or suggest approval of loan requests for folks and companies. ” Loan Officer Essentials You may have heard that computer algorithms are increasingly accepting the duty of home loan underwriting. Many individuals who make an application for, state, a true mortgage never talk with a loan officer. Rather, an algorithm will review their documents and accept or reject their application for the loan. But, algorithms have actuallyn’t totally replaced the loan officer. You’ll nevertheless find loan officers employed in commercial banking institutions and credit unions. Lenders nevertheless depend on loan officers to monitor some candidates. As a whole, though, loan officers will be the very very […]