Loan Officer Job Description Template
Loan Officers evaluate creditworthiness, structure loan products, and guide borrowers through the application process. You own the full lifecycle from pre-qualification to closing, ensuring compliance and portfolio quality.
No signup, no card. The tool fills the rest in for you.
Why hire a Loan Officer?
SMBs need dedicated loan officers to manage growing credit demand, reduce underwriting bottlenecks, and maintain regulatory compliance without outsourcing all lending decisions.
Loan Officer salary ranges
Approximate annual gross salary bands (Q2 2026). Always adjust for your city, seniority, and the candidate’s experience.
United States
$65,000 – $110,000 base, plus 0.5–1.5% of loan volume or origination bonuses
United Kingdom
£48,000 – £80,000
Eurozone
€55,000 – €90,000
Loan Officer responsibilities
- Review financial statements and credit histories to assess borrower risk and loan viability
- Structure loan terms, rates, and conditions that balance profitability with borrower capacity
- Process applications end-to-end: intake, documentation requests, underwriting sign-off, and closing coordination
- Conduct financial interviews to understand borrower needs and recommend appropriate loan products
- Monitor post-funding portfolio performance and flag early payment issues or covenant breaches
- Build and maintain relationships with repeat borrowers and referral partners to grow originations
Skills & requirements
Required
- 3+ years loan origination, credit analysis, or commercial lending experience
- Proficiency with loan origination software and CRM platforms (e.g., Encompass, LOS systems)
- Strong grasp of underwriting standards, debt-to-income ratios, and loan documentation
- Regulatory knowledge: Fair Lending Act, Truth in Lending Act, and state mortgage/credit rules
- Advanced Excel for financial modeling, ratio analysis, and amortization schedules
- Clear written and verbal communication for loan agreements and borrower correspondence
Nice to have
- Mortgage broker or loan officer license (NMLS or state equivalent)
- Experience with SBA loans, equipment financing, or lines of credit beyond mortgages
- Track record of originating $5M+ in annual loan volume
Copy-ready Loan Officer job description
Loan Officer [Company name] · [City], [Country] · [On-site / Hybrid / Remote] $65,000 – $110,000 base, plus 0.5–1.5% of loan volume or origination bonuses (US) · £48,000 – £80,000 (UK) · €55,000 – €90,000 (EU) — gross/year
Loan Officers evaluate creditworthiness, structure loan products, and guide borrowers through the application process. You own the full lifecycle from pre-qualification to closing, ensuring compliance and portfolio quality.
Why this role exists SMBs need dedicated loan officers to manage growing credit demand, reduce underwriting bottlenecks, and maintain regulatory compliance without outsourcing all lending decisions.
What you'll do
- Review financial statements and credit histories to assess borrower risk and loan viability
- Structure loan terms, rates, and conditions that balance profitability with borrower capacity
- Process applications end-to-end: intake, documentation requests, underwriting sign-off, and closing coordination
- Conduct financial interviews to understand borrower needs and recommend appropriate loan products
- Monitor post-funding portfolio performance and flag early payment issues or covenant breaches
- Build and maintain relationships with repeat borrowers and referral partners to grow originations
What you'll need
- 3+ years loan origination, credit analysis, or commercial lending experience
- Proficiency with loan origination software and CRM platforms (e.g., Encompass, LOS systems)
- Strong grasp of underwriting standards, debt-to-income ratios, and loan documentation
- Regulatory knowledge: Fair Lending Act, Truth in Lending Act, and state mortgage/credit rules
- Advanced Excel for financial modeling, ratio analysis, and amortization schedules
- Clear written and verbal communication for loan agreements and borrower correspondence
Nice to have
- Mortgage broker or loan officer license (NMLS or state equivalent)
- Experience with SBA loans, equipment financing, or lines of credit beyond mortgages
- Track record of originating $5M+ in annual loan volume
What we offer
- Salary: [range, gross, with currency and time unit]
- [Equity / bonus / commission if applicable]
- [Health, PTO, learning budget, equipment — only what's real]
- [Work mode + flexibility]
About [Company] [2–3 sentences: stage, customers, traction. Keep it specific.]
Want it tailored to your company and country?
The free generator writes a country-aware, inclusive, salary-formatted version in 30 seconds — then ranks the applicants when they roll in.
Frequently asked
What does a Loan Officer do?
Loan Officers evaluate creditworthiness, structure loan products, and guide borrowers through the application process. You own the full lifecycle from pre-qualification to closing, ensuring compliance and portfolio quality. SMBs need dedicated loan officers to manage growing credit demand, reduce underwriting bottlenecks, and maintain regulatory compliance without outsourcing all lending decisions.
What should a Loan Officer job description include?
A strong Loan Officer job post has a one-line hook, why the role exists, 6 outcome-led responsibilities, a clear list of required skills, the salary range, and a country-specific compliance line. Use the copy-ready template above as a starting point.
How much does a Loan Officer earn?
Approximate annual gross bands (Q2 2026): $65,000 – $110,000 base, plus 0.5–1.5% of loan volume or origination bonuses in the US, £48,000 – £80,000 in the UK, and €55,000 – €90,000 in the Eurozone. Adjust for city, seniority, and experience.
How do I write a Loan Officer job description fast?
Use Penroll's free job description generator — enter the title and country and it produces a complete, inclusive, salary-formatted Loan Officer post in about 30 seconds, no signup required.
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