A loan officer is a person who serves as an intermediary between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.Source: http://en.wikipedia.org/wiki/Loan_officer Last Updated: March 2, 2014, 9:00 pm
Most loan officers need a bachelorís degree and receive on-the-job training. Mortgage loan officers must be licensed.
Loan officers who specialize in consumer loans usually work in offices. Mortgage and commercial loan officers often work outside the office and meet with clients at their homes or businesses.