What Does a Mortgage Loan Officer Do?
A mortgage loan officer is a mortgage specialist, acting on behalf of your lender, and partnering with you the home buyer to guide you through the application process. You’ll meet with them regularly as you move through the application.
At Santander Bank, our mortgage loan officers are all registered with the National Mortgage Licensing System (NMLS). The home-buying process is more than a transaction. It’s a relationship between you and your bank. This relationship is why we’re eager to share our process as a way of demonstrating our commitment to, and concern for, your dreams and ideas.
At your first meetings, your mortgage loan officer will ask you questions about your financial history and the home you’re looking for to help you choose the right mortgage for your needs. They will also help you fill out the actual application, including telling you how to submit any needed mortgage documents. But above all, your mortgage loan officer is available to answer any question you may have about your mortgage. Think of your mortgage loan officer as a partner and sounding board to help you understand all you want to know about financing one of your most valuable assets. While you’ll likely have a lot of mortgage loan questions throughout the process, there are several that you should ask up front.
Questions to Ask When Getting a Mortgage
Bring these questions with you when you meet with your mortgage loan officer to help guide your conversation. While this list isn’t exhaustive, they are key pieces of information you’ll need to know.