What does a Housing Officer do?
Mortgage bankers are loan officers at a bank with a specialty in mortgage products. They work with the products based out of their employer and assist customers in applying for mortgages and refinances. They help the banks where they work attract new mortgage customers and to help the bank’s customers navigate the variety of mortgage products being offered. They serve as the point person for the applicant starting with their application and through closing.
Mortgage bankers must comply with all state and federal regulations. They attract new clients and customers through meetings and homebuyer seminars and assist customers with determining which type of mortgage meets their needs and which mortgage products they are likely to receive approval for. Mortgage bankers collect the necessary credit reports and financial information from the applicant and submit a completed package to underwriters for review. Mortgage bankers must have graduated from an accredited school with an associate's degree. They must possess a three-year proven track record in closing sales and one year of professional service in the financial industry. They must be fluent in financial and technical terms and conditions for mortgage loans.
Housing Officer Salaries
Average Base Pay
Housing Officer Career Path
Learn how to become a Housing Officer, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.