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YOUR
SITE TO THE HIDDEN JOBMARKET IN CANADA
Loan Officers
Loan officers
examine, evaluate and process credit and loan applications. They
are employed by banks, trust companies, credit unions and similar
financial institutions.
Example Titles
credit officer
loan officer
mortgage officer
Main duties
Loan officers perform some or all of the following duties:
- Interview
applicants for personal, mortgage, student and business loans
- Research
and evaluate loan applicant's financial status, references,
credit and ability to repay the loan
- Complete
credit and loan documentation
- Submit
credit and loan applications to management with recommendations
for approval or rejection; or approve or reject applications
within authorized limits ensuring that credit standards of the
institution are respected
- Promote
the sale of credit and loan services
- Review
and update credit and loan files
- Prepare
statements on delinquent accounts and forward irreconcilable
accounts for collector action.
Employment
requirements
- Completion
of secondary school and extensive general banking experience
or
A bachelor's degree or college diploma related to commerce or
economics is required.
- Completion
of a loan or credit training program, ranging from six to twelve
months, is usually required.
Additional
information
- Progression
to credit and loan management positions is possible with experience.
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