Loan Officers

• Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
• Compute payment schedules.
• Work with clients to identify their financial goals and to find ways of reaching those goals.
• Review and update credit and loan files.
• Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
• Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
• Submit applications to credit analysts for verification and recommendation.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Review loan agreements to ensure that they are complete and accurate according to policy.
• Analyze potential loan markets and develop referral networks to locate prospects for loans.
• Handle customer complaints and take appropriate action to resolve them.
• Authorize or sign mail collection letters.
• Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
• Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
• Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
• Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
• Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.

• Supervise loan personnel.

No durable tasks identified for this role — its real, individually-assessed tasks consistently read as automatable (95%).