<--Back to Wiki Home
Define Loan Officer in Real Estate
Loan Officer:
A loan officer is a financial professional who helps people and businesses apply for loans, and determines if they are eligible for financing.
Example:
Let's say you want to buy a house, but you don't have enough money to pay for it outright. You might go to a bank or a mortgage company and talk to a loan officer, who can help you figure out how much money you can borrow, what your monthly payments might be, and what types of loans might be available to you.
![Learning in Verse Illustration of Dumb Ox mascot.](../../images/glossary/dumb-ox-371x100.png)
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
A loan officer is a helper, you see,
Who knows all about borrowing money.
If you want to buy a house, or a car,
They can help you find the funds, near or far.
They'll look at your income, and credit score too,
To see if you qualify for a loan that's new.
Then they'll help you with the paperwork,
So you can get your loan, without any murk.
So if you need to borrow some dough,
A loan officer is the way to go!
They'll guide you through the process with ease,
And help you achieve your borrowing dreams.