From the article: Loan Officer: Career Information
When choosing a career, it is helpful to get information about it from those who actually work in the occupation one is considering. Please share information about your career as a loan officer so that those thinking of entering this field can make an informed decision.
- Describe what you do as a loan officer?
- What do you like about being a loan officer? What don't you like about it?
- With the proper training, how easy or difficult is it for someone to get an entry level job as a loan officer?
- Are you happy you became a loan officer? Why or why not?
Loan Officer
- Meet with applicants to obtain information for loan applications and to answer questions about the process. Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans. Explain to customers the different types of loans and credit options that are available, as well as the terms of those services. Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information. Review and update credit and loan files. Review loan agreements to ensure that they are complete and accurate according to policy.
- —maysa_shamouni
