loan officer

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.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

credit control processes core banking software actuarial science banking activities

OPTIONALAdjacent knowledge that strengthens fit

mortgage loans tax legislation foreclosure property law debt classification customer service debt systems business loans securities

Practical Skills

ESSENTIALApplied skills & competences

monitor loan portfolio analyse financial risk analyse business plans obtain financial information interview bank loanees inform on interest rates examine credit ratings consult credit score decide on loan applications analyse loans maintain credit history of clients interpret financial statements

OPTIONALOptional competences

protect client interests maintain client debt records apply credit risk policy assess customer credibility provide support in financial calculation manage loan applications check accounting records collect property financial information advise on financial matters communicate with banking professionals advise on risk management assist in loan applications examine mortgage loan documents synthesise financial information