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5 Things Loan Officers Don’t Do & 5 Things they Do

Posted on | April 13, 2009 | No Comments

Most people know what loan officers do; get you a loan for a mortgage, but few know what loan officers don’t do.  The following are five things that loan officers do not do that are handled by others.

  • Negotiate contracts
  • Show properties
  • Appraise properties
  • Find Properties
  • Inspect Houses

Here are five things that loan officers will do.

  • Take a look at your credit
  • Provide you with a Good Faith Estimate
  • Meet with you and go over the loan and the loan process
  • Answer questions about your loan
  • Go to closing

Though there are other things loan officers do and don’t do these are the main ones I find that people are not sure about.  Feel free to contact your loan officer and ask him personally so you know what to expect and what not to expect.

Category: Mortgage Market
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