13-2072.00 · Task explorer
Loan Officers: reported tasks and exploration worksheet
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
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This source lists 30 tasks, including 14 marked Core and 3 marked Supplemental. Labels and dates are retained below. Employers can combine or divide these responsibilities differently; explore the task itself before assuming it belongs in every version of the role.
Task source dates: 08/2020, 11/2020.
30 tasks shown
Core · Task 3408 · 08/2020 · Incumbent
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Core · Task 3409 · 08/2020 · Incumbent
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Core · Task 3407 · 08/2020 · Incumbent
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Core · Task 3410 · 08/2020 · Incumbent
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Core · Task 3416 · 08/2020 · Incumbent
Submit applications to credit analysts for verification and recommendation.
Core · Task 3413 · 08/2020 · Incumbent
Review loan agreements to ensure that they are complete and accurate according to policy.
Core · Task 3412 · 08/2020 · Incumbent
Review and update credit and loan files.
Core · Task 3411 · 08/2020 · Incumbent
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Core · Task 3418 · 08/2020 · Incumbent
Work with clients to identify their financial goals and to find ways of reaching those goals.
Core · Task 3417 · 08/2020 · Incumbent
Handle customer complaints and take appropriate action to resolve them.
Core · Task 3415 · 08/2020 · Incumbent
Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Core · Task 3421 · 08/2020 · Incumbent
Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
Core · Task 3425 · 08/2020 · Incumbent
Analyze potential loan markets and develop referral networks to locate prospects for loans.
Core · Task 3414 · 08/2020 · Incumbent
Compute payment schedules.
Supplemental · Task 3422 · 08/2020 · Incumbent
Supervise loan personnel.
Supplemental · Task 3426 · 08/2020 · Incumbent
Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Supplemental · Task 3423 · 08/2020 · Incumbent
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Unspecified · Task 21635 · 11/2020 · Analyst
Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
Unspecified · Task 21636 · 11/2020 · Analyst
Authorize or sign mail collection letters.
Unspecified · Task 21637 · 11/2020 · Analyst
Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
Unspecified · Task 21638 · 11/2020 · Analyst
Confer with underwriters to resolve mortgage application problems.
Unspecified · Task 21639 · 11/2020 · Analyst
Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
Unspecified · Task 21640 · 11/2020 · Analyst
Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
Unspecified · Task 21641 · 11/2020 · Analyst
Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
Unspecified · Task 21642 · 11/2020 · Analyst
Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
Unspecified · Task 21643 · 11/2020 · Analyst
Inform individuals and groups about the financial assistance available to college or university students.
Unspecified · Task 21644 · 11/2020 · Analyst
Maintain and review account records, updating and recategorizing them according to status changes.
Unspecified · Task 21645 · 11/2020 · Analyst
Match individuals' needs and eligibility with available financial aid programs to provide informed recommendations.
Unspecified · Task 21646 · 11/2020 · Analyst
Review accounts to determine write-offs for collection agencies.
Unspecified · Task 21647 · 11/2020 · Analyst
Review billing for accuracy.
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Occupational context uses the O*NET® 31.0 Database from the U.S. Department of Labor, Employment and Training Administration, under CC BY 4.0. View the occupation.
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