O*NET Career Intelligence

Loan Officers

SOC 13-2072.00

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Zone 3 Business and Financial Operations

Skills

Knowledge

Job Zone

Green

Top Skills 8

Active Listening

4.0

Speaking

4.0

Reading Comprehension

3.9

Judgment and Decision Making

3.9

Critical Thinking

3.8

Service Orientation

3.4

Writing

3.2

Social Perceptiveness

3.2

Knowledge Areas 8

Customer and Personal Service

4.6

Economics and Accounting

3.9

English Language

3.9

Mathematics

3.7

Sales and Marketing

3.5

Computers and Electronics

3.5

Law and Government

3.4

Clerical

3.3

Key Tasks

1Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.

2Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.

3Meet with applicants to obtain information for loan applications and to answer questions about the process.

4Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.

5Review loan agreements to ensure that they are complete and accurate according to policy.

Also Known As

Agricultural Loan Officer Bank Officer Bank Representative Banking Services Officer Branch Account Executive Branch Account Manager Branch Banker Branch Lending Officer Branch Manager Business Banker