Loan Officers

A typical week, in the words of people in the job

1. 01Compute payment schedules.
2. 02Meet with applicants to obtain information for loan applications and to answer questions about the process.
3. 03Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
4. 04Analyze potential loan markets and develop referral networks to locate prospects for loans.
5. 05Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
6. 06Submit applications to credit analysts for verification and recommendation.
7. 07Review loan agreements to ensure that they are complete and accurate according to policy.
8. 08Review and update credit and loan files.
9. 09Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
10. 10Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
11. 11Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
12. 12Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.

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