Hierarchy view
loan officer
Description
Code
3312.5
Description
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.
Alternative Labels
commercial lender
credit officer
loan officer
loan processor
loans adviser
loans agent
loans consultant
loans controller
Regulatory Aspect
To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:
Skills & Competences
Essential Skills and Competences
Essential Knowledge
Optional Skills and Competences
advise on financial matters
advise on risk management
analyse business plans
apply credit risk policy
assess customer credibility
assess mortgage risk
assist in loan applications
check accounting records
collect property financial information
communicate with banking professionals
examine mortgage loan documents
maintain client debt records
manage loan applications
protect client interests
provide support in financial calculation
synthesise financial information
Concept URI
Status
released
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