Loan Officers

The work

Core tasks

1. 01Meet with applicants to obtain information for loan applications and to answer questions about the process.
2. 02Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
3. 03Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
4. 04Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
5. 05Submit applications to credit analysts for verification and recommendation.
6. 06Review loan agreements to ensure that they are complete and accurate according to policy.
7. 07Review and update credit and loan files.
8. 08Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
9. 09Work with clients to identify their financial goals and to find ways of reaching those goals.
10. 10Handle customer complaints and take appropriate action to resolve them.
11. 11Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
12. 12Market bank products to individuals and firms, promoting bank services that may meet customers' needs.

Capabilities

Essential skills

Employment outlook

Where the role is heading