What Loan Officers Do
Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.
Duties
Loan officers typically do the following:
Contact companies or people to ask if they need a loan
Meet with loan applicants to gather personal information and answer questions
Explain different types of loans and the terms of each one to applicants
Obtain, verify, and analyze the applicant’s financial information, such as the credit rating and income level