Loan Officers
Also called:
Loan Officer, Branch Manager, Mortgage Loan Officer, Relationship Manager
What they do:
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
On the job, you would:
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
Business
- customer service
- accounting and economics
Arts and Humanities
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Engineering and Technology
- computers and electronics
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Basic Skills
- listening to others, not interrupting, and asking good questions
- talking to others
Problem Solving
- noticing a problem and figuring out the best way to solve it
Social
- looking for ways to help people
- understanding people's reactions
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Verbal
- communicate by speaking
- listen and understand what people say
Math
- add, subtract, multiply, or divide
- choose the right type of math to solve a problem
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- notice when problems happen
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People interested in this work like activities that include data, detail, and regular routines.
They do well at jobs that need:
- Integrity
- Attention to Detail
- Stress Tolerance
- Achievement/Effort
- Dependability
- Initiative
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You might use software like this on the job:
Financial analysis software
- Experian Credinomics
- Moody's KMV CreditEdge
Content workflow software
- Equifax Application Engine
- Experian Transact SM
Accounting software
- Bottom Line LoanMaster Loan Servicing
- Financial Industry Computer Systems Loan Accountant
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bachelor's degree or
some college
usually needed
Get started on your career:
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New job opportunities are very likely in the future.
$59,820
per year, on average
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You might like a career in one of these industries:
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