ISCO Occupation Group 3312.5 Loan Officer
From Open Risk Manual
Definition
Loan Officer: 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.
Essential Skills
- Consult Credit Score
- Monitor Loan Portfolio
- Inform On Interest Rates
- Examine Credit Ratings
- Decide On Loan Applications
- Interview Bank Loanees
- Obtain Financial Information
- Analyse Financial Risk
- Banking Activities
- Credit Control Processes
- Maintain Credit History Of Clients
- Actuarial Science
- Interpret Financial Statements
- Analyse Loans
Optional Skills
- Mortgage Loans
- Maintain Client Debt Records
- Business Loans
- Customer Service
- Manage Loan Applications
- Collect Property Financial Information
- Foreclosure
- Securities
- Check Accounting Records
- Protect Client Interests
- Assist In Loan Applications
- Analyse Business Plans
- Communicate With Banking Professionals
- Debt Systems
- Property Law
- Provide Support In Financial Calculation
- Apply Credit Risk Policy
- Examine Mortgage Loan Documents
- Advise On Financial Matters
- Assess Mortgage Risk
- Advise On Risk Management
- Assess Customer Credibility
- Synthesise Financial Information
- Debt Classification
- Tax Legislation
Alternative Names
- Loan Processor
- Loans Adviser
- Commercial Lender
- Loans Agent
- Loans Controller
- Credit Officer
- Loans Consultant
