...Mortgage Applications Ticked Up 2.8 Percent Last WeekRTT News, NY -9 minutes agoThe adjustable-rate mortgage (ARM) share of activity ticked down to 6.9 percent from 7.3 percent of total applications from the previous week. Loan officers at a bank or a credit union are employees working to sell and process mortgages and loans for mortgage customers or home buyers like you. Their loan types and mortgage products have several varieties but they all come from one specific originator, their employers.