A Loan Officer is responsible for authorizing, reviewing, and recommending commercial and personal loans for approval. If you’re an aspiring Loan Officer, you need to meet with the applicant to know their creditworthiness. This position is important in credit unions, commercial banks, mortgage companies, as well as other financial institutions. Loan Officer needs to be licensed and must have interpersonal and sales skills. With this position, you have responsibilities, including meeting loan production targets and selling loan products. You also perform tasks for business development, such as pipeline management through lead generation and referral business. The needed skills to be a Loan Officer include strong customer service skills, Microsoft Office skills, excellent verbal and written communication skills.

Loan Officers must possess a Bachelor’s degree in finance, economics, business administration, and similar related fields. This position also represents the employer in host seminars and community events. It is likewise imperative to have knowledge about the lending regulations, vendors, market rates, and competitors. A Loan Officer is also responsible for the preparation of loan proposals. Create your Loan Officer Resume by clicking on ''Use this Resume'' button.