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.

  • By interviewing client Loan officer assesses the suitable product.

  • 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.

  • 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 means an Employee duly licensed to originate Mortgage Loans on behalf of the Company.
Loan officer or “LO”), collectively referred to herein as the “Parties”, and individually referred to herein as a “Party.”
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;
Loan officer means an employee who originates mortgage 35
Loan officer. Office Phone: Cell: Email: Type of Loan: VA FHA CONV CASH OTHER Down Payment: % *Buyer must pre-qualify with Xxxxx Xxxxxxxx at Community One Financial within 3 days of Mutual Acceptance of this offer. Please call 000-000-0000 or email xxxxxxxxx@xxxxxxxxxxxxxxxxxx.xxx. Buyer: Date: Buyer: Date: Please submit this form to Xxxx Xxxxxx at xxxxxxxxxx@xxxxxxxxxxxxxxxx.xxx OR fax to 000-000-0000. Buyer acknowledges that this Purchase Form is intended to serve only as the basis for negotiating an agreement between the parties. Further negotiations are contemplations, although neither party is bound to continue negotiations. Neither party will be bound unless and until a definitive agreement has been executed and delivered by both parties. Neither party will rely on this form as binding on the other; any such reliance would be imprudent and unreasonable.