Description
A loan officer works for a financial institution, bank or lending company. They are responsible for gaining expert knowledge of all the loan options that their employer offers to borrowers. They also meet with clients, both businesses and individuals, to determine their eligibility by reviewing their financial statements. From this information, they can give clients quotes on loan rates and sums available to them.
Qualifications
A Bachelor’s Degree in Finance, Business, Accounting or a related area. They should also have previous work experience in the loan or insurance field and obtain licensure.