Loan officers are people who specialize in dealing with loans whether these may be consumer, commercial or mortgage. Commercial loans are used for businesses. Consumer loans include home equity, car and personal loans. Mortgage loans purchase real estate or refinance the mortgage.

Loan officers help individuals, businesses and organizations acquire a loan by seeking them and assisting them in the process. Individuals may need these loans to pay for their possessions like their homes, cars, appliances or education plans. Businesses and organizations need loans to pay for equipment or expand operations.

Loan officers also gather information about clients and businesses to make sure that there is quality of the loan and probability of repayment.