Loan Officers evaluate and authorize approval of business, real estate, or credit loans. They are specialists at evaluating the financial status of a loan applicant.A loan officer is also representative of a bank, credit union, or other financial institution who assists borrowers in the application process. Loan officers are often called mortgage loan officers since that is the most complex and costly type of loan most consumers encounter.
Requirements
- Reading comprehension – medium (Level 5)
- Active listening – medium (Level 5)
- Writing – medium (Level 3)
- Speaking – medium (Level 5)
- Mathematics – medium (Level 3)
- Critical thinking – medium (Level 4)
- Active learning – medium (Level 3)
- Monitoring – medium (Level 3)
Benefits
£17-25 per hour
£640,660 per year
Responsibilities
Duties include updating account records and reviewing loan files. They work for commercial banks, mortgage companies or credit unions.
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