Loan officer definition

Loan officer means an individual who is an employee or agent of a mortgage broker, mortgage lender, or mortgage servicer; who originates mortgage loans; and who is not an employee or agent of a depository financial institution or a subsidiary or affiliate of a depository financial institution.
Loan officer means an Access Person who is responsible for making decisions as to Securities to be bought or sold for the Funds’ portfolio.
Loan officer means an individual who for compensation or gain, or in anticipation of compensation or gain, takes or offers to take a residential mortgage loan application; assists or offers to assist a buyer in obtaining or applying to obtain a residential mortgage loan by, among other things, advising on loan terms, including rates, fees, and other costs; offers or negotiates terms of a residential mortgage loan; or issues or offers to issue a commitment for a residential mortgage loan. "Loan officer" also includes a mortgage loan originator as defined in division (Z) of section 1322.01 of the Revised Code.

Examples of Loan officer in a sentence

  • Loan officer may require other documents concerning borrower’s solvency.12.

  • Loan officer controls include age, seniority, rank, education, and indicators for branch manager and business experience.

  • We find that the marginal effects of Loan officer tenure * treated dummy * 2005 dummy and Loan officer tenure (sq) * treated dummy * 2005 dummy are 7.24% and 3.98%, respectively.

  • By interviewing client Loan officer assesses the suitable product.

  • Loan officer incentives are aligned with honest reporting, since the loan amount and pricing are not based on the impact scores (i.e., a higher score does not guarantee a larger loan).In addition to social and environmental due diligence data, Root Capital collects standard financial data on clients’ financial performance.


More Definitions of Loan officer

Loan officer means an individual other than an exempt person
Loan officer means the person at the Authority designated to monitor the Project and the use of the proceeds of the Loan.
Loan officer or “LO”), collectively referred to herein as the “Parties”, and individually referred to herein as a “Party.”
Loan officer means an Employee duly licensed to originate Mortgage Loans on behalf of the Company Group.
Loan officer means an Employee duly licensed to originate Mortgage Loans on behalf of the Company.
Loan officer means an employee who originates mortgage 35
Loan officer or "originator" means an individual who discusses or negotiates the rates, terms, and conditions of a loan with a borrower or prospective borrower. The term does not mean a person who performs functions of a loan processor, nor does it mean an individual who performs only clerical functions such as delivering a loan application to a mortgage loan broker or mortgage loan company or gathering information related to a mortgage loan application on behalf of the prospective borrower, mortgage loan broker, or mortgage loan company;