Scroll down for the rest of this job description...What do you want to do now?Job Tasks for: "Loan Officer"For "Loan Officer" Jobs, Click HereApprove loans within specified limits, and refer loan applications outside those limits to management for approval. 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. Compute payment schedules. Stay abreast of new types of loans and other financial services and products in order to better meet customers' needs. Submit applications to credit analysts for verification and recommendation. Handle customer complaints and take appropriate action to resolve them. Work with clients to identify their financial goals and to find ways of reaching those goals. Confer with underwriters to aid in resolving mortgage application problems. Negotiate payment arrangements with customers who have delinquent loans. Market bank products to individuals and firms, promoting bank services that may meet customers' needs. Supervise loan personnel. Set credit policies, credit lines, procedures and standards in conjunction with senior managers. Provide special services such as investment banking for clients with more specialized needs. Analyze potential loan markets and develop referral networks in order to locate prospects for loans. Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action. Arrange for maintenance and liquidation of delinquent properties. Interview, hire, and train new employees. Petition courts to transfer titles and deeds of collateral to banks. Why are you looking for job descriptions?
Knowledge Requirements for: "Loan Officer"Sales and Marketing -- Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.Customer and Personal Service -- Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. Economics and Accounting -- Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. English Language -- Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. Mathematics -- Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. Are you sure that being a "Loan Officer" is the best career for you?Our Career Interest Test and Free Personality Test will show you which careers match your interests and personality.Skill Requirements for: "Loan Officer"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.Time Management -- Managing one's own time and the time of others. Reading Comprehension -- Understanding written sentences and paragraphs in work related documents. Persuasion -- Persuading others to change their minds or behavior. Speaking -- Talking to others to convey information effectively. Social Perceptiveness -- Being aware of others' reactions and understanding why they react as they do. Coordination -- Adjusting actions in relation to others' actions. Service Orientation -- Actively looking for ways to help people. Complex Problem Solving -- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. Active Learning -- Understanding the implications of new information for both current and future problem-solving and decision-making.
Ability Requirements for: "Loan Officer"Oral Expression -- The ability to communicate information and ideas in speaking so others will understand.Oral Comprehension -- The ability to listen to and understand information and ideas presented through spoken words and sentences. Speech Clarity -- The ability to speak clearly so others can understand you. Written Comprehension -- The ability to read and understand information and ideas presented in writing. Inductive Reasoning -- The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). Speech Recognition -- The ability to identify and understand the speech of another person. Problem Sensitivity -- The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. Near Vision -- The ability to see details at close range (within a few feet of the observer). Deductive Reasoning -- The ability to apply general rules to specific problems to produce answers that make sense. Written Expression -- The ability to communicate information and ideas in writing so others will understand. See the Educational Requirements for "Loan Officer"Job Activities for: "Loan Officer"Making Decisions and Solving Problems -- Analyzing information and evaluating results to choose the best solution and solve problems.Processing Information -- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. Analyzing Data or Information -- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. Performing for or Working Directly with the Public -- Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests. Getting Information -- Observing, receiving, and otherwise obtaining information from all relevant sources. Establishing and Maintaining Interpersonal Relationships -- Developing constructive and cooperative working relationships with others, and maintaining them over time. Communicating with Persons Outside Organization -- Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail. Judging the Qualities of Things, Services, or People -- Assessing the value, importance, or quality of things or people. Communicating with Supervisors, Peers, or Subordinates -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. Interacting With Computers -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
End Of Job Description for: "Loan Officer" |
|
CareerPlanner
|
