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Career Profile Instructions

Please CLICK on each title to reveal a new section. There are three sections to every profile; an extensive questionnaire "We asked" , an average day broken down in detail "A Day in the Life Of", and a place where you can ask the profiler a question directly in "Ask me." (You must register to use the "Ask Me" feature)

loan officer Career Profile— Female, age 39 (ID #174)

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We asked A day in the life of… Ask me

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1. Employment Profile: What exactly does a loan officer do?

  What field is your job in?

real estate

  What is your job title?

loan officer

  Please provide a brief description of the firm or organization that you currently work for
(size and general description of what type of organization it is)

small independent mortgage broker that also does in house escrow and some real estate transactions

  How long have you been employed in this position?

45 years

  How many hours do you work a week on average?


  Please provide a BRIEF description of your duties and responsibilities. (job description)

originate loans, process loans, and work all submission and conditions needed to close the loan.

  What was your gross income last year? Please include any bonuses or incentives received.


  What is your expected gross income for this year? Please include any bonuses or incentives you expect to receive.


  Please list any benefits you have (Please include number of weeks vacation, sick leave and type of health insurance, retirement plan 401k)


  Do you feel you are under/well/over compensated at your current position?


2. Work environment!

  Does your job entail you working with others on a daily basis? Is this something you like/dislike about your job? Explain

I do work with others over the phone all day long and briefly in the office. I do like to work with others, but I also enjoy being by myself in the office a majority of the time.

  Do you work collaboratively with supervisors/managers?


  Do you work collaboratively with your co-workers?


  Describe your work location (e.g., office, home, theatre, in the field) and what you like/dislike about working in it

I work in the office. I have mixed feelings on working in the office. I believe that it is not necessary for me to come into the office to do what I do, and I spend a tremendous amount of $ on gas as well as 2 hours a day on the freeway. I would much prefer to work at home. On the other hand, I am probally more productive working at the office as there are fewer distractions.

  Please rank in order of importance from 1-8 (1- most important 8- least important) Assign each number once.

  • 1 Income
  • 5 Work Environment - co-workers
  • 6 Work Environment - supervisors
  • 4 Benefits
  • 3 Hours
  • 7 Level of responsibility
  • 2 The actual "work" you do at your job
  • 8 Job Title

3. How should someone new to the workforce get a J-O-B like yours?

  If someone wanted to go about getting a job similar to yours, what would you recommend for him or her to do?

If they are young and new to the workforce I think it would be best to start at a title company and work their way around, getting to know the various entities of this business, then after some bsics of the business are learned, start as processor and eventually work into doing loans.

  What skills do you think a person should have if they want to pursue a position like yours? Please be specific and explain why (e.g., social skills, organization skills, technical skills)

One needs to have strong math knowledge and understanding, as well as good social skills, and critical thinking skills.In order to sell a particular loan you must be able to showthe client why the particular loan would benefit them, thus you would need to be able to figure the products out using math skills, then translate that to the client in lay terms that they would be able to understand, all while most importantly gaining their trust.

  Do you feel that you need a certain level of education or training to be successful in your job?

I don't think a particular degree of education is necessary, although college does strengthen one's writing skills which I believe directly affects their ablility to verbally communucate better, I believe it also strengthens one's critical thinking processes. So, although I do not think it is necessary, but it does help the person be more successful.

  What advice would you give to someone who was about to start work in your position/ line of work?

Learn all the different aspects of each player in a transaction, and understand every thing you tell your client. Also, document what you talk about with the client.

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