In the volatile home-lending market, a credit union loan officer can serve as a safeguard, offering their client security, safety, and peace of mind. One of the loan officer's most important functions is escorting your loan application through the entire process, constantly patrolling the component transactions for possible breakdowns. A professional mortgage loan officer can wade through the mountains of rate data and program options, researching current market conditions to find the most accurate and up-to-date information about cost-effective loan options.

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a loan officer to act as a liaison between the title and escrow company, real estate agent, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

A credit union loan officer also:

• Discusses and explains financing program options
• Explains all documents of the loan application
• Explains all associated costs of the loan application
• Explains the disbursement of all loan applications
• Explains the loan process, from application to closing
• Provides you with a loan estimate of cost and fees
• Communicates with you throughout the loan process in a timely manner
• Coordinates the final closing of your transaction