ANALYSIS-From burgers to baubles, US spending slowsForbes, NY -7 hours ago"In the easy housing money years, consumers were racking up debt on their credit cards, then rolling that debt into lower-interest home equity loans or ... The loan officer's job is to help you process your application for a mortgage. To see if you're suitable a certain mortgage product, they will look into your personal credit account and start the approval process for your transaction.