Ron Sandler, the new chairman of Northern Rock, says it will take years ...Prime Minister Gordon Brown says the decision to nationalise is "the right move at the right time" and is one which "protects savers" and is in "the best interests of taxpayers". The loan officer's job is to help you process your application for a . 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.