Description
Loan officers assess and authorise the approval of loan applications for individuals and businesses. They ensure complete transactions between loan organisations, borrowers, and sellers. Loan officers are specialists in consumer, mortgage, or commercial lending.
EssentialOptional
Theoretical Knowledge
Practical Skills
examine credit ratingsdecide on loan applicationsanalyse financial riskanalyse loansmaintain credit history of clientsobtain financial informationanalyse business plansinform on interest ratesinterpret financial statementsconsult credit scoreinterview bank loaneesmonitor loan portfoliomanage loan applicationsprovide support in financial calculationprotect client interestsexamine mortgage loan documentsmaintain client debt recordscommunicate with banking professionalscollect property financial informationadvise on financial matterscheck accounting recordsassist in loan applicationsadvise on risk managementsynthesise financial informationapply credit risk policyassess customer credibility