Loan officers examine, evaluate and process credit and loan applications.
Loan officers perform some or all of the following duties:
Interview loan applicants and research/evaluate their financial status, references, credit, and ability to repay a loan
Complete credit/loan documentation and approve or reject applications within authorization limits; may forward applications to management with approval or rejection recommendations
Promote the sale of credit/loan services
Review and update loan files, prepare statements on delinquent accounts, and forward for collection
Loan officers work for banks, trust companies, credit unions, and similar financial institutions.
Here are some schools that have programs related to this career: