loan officer
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.
Also called: loan processor, loans adviser, commercial lender, loans agent, loans controller, credit officer, loans consultant
- 16
- essential skills
- 23
- optional skills
- 8
- related roles
- 3312
- ISCO-08 group
Where you can go from here
8 rolesOccupations sharing the most essential skills with this one. The number is a count, not an opinion.
- mortgage broker9 skills in common
- credit adviser6 skills in common
- insurance rating analyst6 skills in common
- mortgage loan underwriter6 skills in common
- credit analyst5 skills in common
- investment manager5 skills in common
- financial planner4 skills in common
- investment adviser4 skills in common
Essential skills
16- actuarial science
- analyse business plans
- analyse financial risk
- analyse loans
- banking activities
- consult credit score
- core banking software
- credit control processes
- decide on loan applications
- examine credit ratings
- inform on interest rates
- interpret financial statements
- interview bank loanees
- maintain credit history of clients
- monitor loan portfolio
- obtain financial information
Optional skills
23- advise on financial matters
- advise on risk management
- apply credit risk policy
- assess customer credibility
- assist in loan applications
- business loans
- check accounting records
- collect property financial information
- communicate with banking professionals
- customer service
- debt classification
- debt systems
- examine mortgage loan documents
- foreclosure
- maintain client debt records
- manage loan applications
- mortgage loans
- property law
- protect client interests
- provide support in financial calculation
- securities
- synthesise financial information
- tax legislation
Definition and skills from ESCO, published by the European Commission. Source concept
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How close are you to being a loan officer?
MyNodes reads your CV once, maps it to this same taxonomy, and shows you which roles you are already closest to and the few skills that would open the most doors. The file is deleted as soon as it has been read.