What function does the loan officer play in the loan underwriting process, and why is working with them so important? You may have many questions about how they can help you with underwriting. So, continue to read this article to have more information.

What Is a Loan Officer?

A loan officer is a professional licensed in handling and servicing loans. They work for the lending institution and evaluate your loan application to ensure you qualify. They don’t make the decisions, but they are the ones that tell you about the loan and assist you throughout the procedure.

Moreover, there are many different functions that a loan officer can perform to help their clients. Some deal with more technical activities such as reviewing and validating the applicant’s financial situation and a credit check.

How Can a Loan Officer Help Speed up the Underwriting Process?

1. Checks Your Credit If You’re Qualified for a Loan

Your credit is one of the first things that the loan officer will confirm. The bank must ensure that the borrower can pay back the loan, and the easiest way to do so is to check their credit history.

Loan officers will look at the information on your credit report, which can be a good indicator of your ability to repay the loan on time.

2. Communicates and Responds to Questions Directly

One of the main functions of a loan officer is to keep the customer updated and to provide them with accurate information. It often happens that the applicant is not aware of what is going on with their application. This can slow down the loan process while they are waiting for an answer.

The loan officer should be able to answer your questions regarding the process, the loan, and other queries that you have. Besides that, loan officers are permitted to contact borrowers and provide updates on the loan’s progress.

3. Creates Cover Letters to Help Homebuyers Become Homeowners Faster

The loan officers can create letters to support your loan application. Many borrowers tend to forget that their loan application is incomplete when they submit the paperwork. 

A cover letter is needed to summarize the main points and provide additional information necessary to assess the applicant’s creditworthiness.

If you are a first-time homebuyer, consider submitting a cover letter prepared by your loan officer.

4. Provides Updated Guidelines

As loan guidelines change, the loan officers know the current policies and can provide you with the most accurate information regarding your application. 

When considering the home loan process, it is essential to make sure that you find a loan officer you can trust. See to it that they are aware of the most recent updates and changes in the mortgage industry.


The loan officer plays a vital role in the loan underwriting process. They can speed up the lending process by gathering information and determining the applicant’s eligibility for the loan.

They can also create a cover letter to help their borrowers receive home loans faster and ensure that they will be approved. Lastly, the loan officer can make the mortgage process quicker and easier by checking your credit, communicating and responding to your questions, and providing updated guidelines.

If you’re looking for a mortgage company in Utah with reliable loan officers, Clayson Mortgage is here to help you! We work with various banks and lenders to serve your best interest. Contact us now!