Loan Officers

(NOC 1232)
+13.86%
 

Career Description

Loan officers examine, evaluate and process credit and loan applications.

Duties May Include

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

Examples of Titles

Credit Officer
Loan Officer
Mortgage Officer

Where They Work

Loan officers work for banks, trust companies, credit unions, and similar financial institutions.

Here are some schools that have programs related to this career:

NAIT
Edmonton, Alberta, CA

Related Program(s):
Applied Banking and Business Certificate
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University of Lincoln
Lincoln, GB

Related Program(s):
Business and Finance Bachelor; Honours
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Bangor University
Bangor, Wales, GB

Related Program(s):
Accounting and Banking (BA) Bachelor; Honours
Banking and Finance (BA) Bachelor; Honours
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Manchester Metropolitan University
Manchester, GB

Related Program(s):
Banking and Finance Bachelor; Honours
Economics and Banking Bachelor; Honours
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Northumbria University
Newcastle Upon Tyne, GB

Related Program(s):
International Banking and Finance (completion award) Bachelor; Honours
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Modified on May 17, 2012