Русско-англо-русский юридический словарь

DEFINITION of 'Loan Officer' Loan Officer. Representatives of banks, credit unions and other financial institutions that find and assist borrowers in acquiring loans. Some specialized loan officers, called loan underwriters, analyze and assess the creditworthiness of potential borrowers to see if they qualify for a loan. Loan officers usually work on either consumer or mortgage loans. (Investopedia)

"A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate ( by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.")

What is a Redemption Penalty? A charge levied by a lender on the early repayment of a loan. Redemption penalties are common in mortgage loans and must be specified in the mortgage offer before it is signed. (Coodes Solicitors, England)