Loan Officers
On the Job
Loan Officers make recommendations about who gets approved for commercial, real estate, or credit loans. They give information to borrowers about how much they owe and how to make payments.
Typical Work Tasks
People who work in this career often:
- Gather financial records.
- Interview clients to gather financial information.
- Authorize financial actions.
- Verify accuracy of financial information.
- Correspond with customers to answer questions or resolve complaints.
- Update professional knowledge.
- Negotiate agreements to resolve disputes.
- Communicate with government agencies.
- Confer with personnel to coordinate business operations.
- Market products, services, or events.
Typical Working Conditions
- Having telephone conversations.
- Freedom to make decisions without supervision.
- Sitting.
- The importance of being accurate or exact.
- Working with a group or team.
- Working indoors in environmentally controlled conditions.
- Meeting strict deadlines.
- High levels of competition.
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
Source: You can learn about our data sources in the About Us section.
