Loan Officers

• Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
• Review loan agreements to ensure that they are complete and accurate according to policy.
• Handle customer complaints and take appropriate action to resolve them.
• Review and update credit and loan files.
• Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
• Compute payment schedules.
• Submit applications to credit analysts for verification and recommendation.
• Analyze potential loan markets and develop referral networks to locate prospects for loans.

Source: O*NET OnLine information for Loan Officers.

• Speaking - Talking to others to convey information effectively.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Service Orientation - Actively looking for ways to help people.
• Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Mathematics - Using mathematics to solve problems.
• Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

Source: O*NET OnLine information for Loan Officers.