Loan Officers 


Loan officers examine, evaluate and process credit and loan applications.


Work: Loan officers perform some or all of the following duties: , Interview loan applicants and research/evaluate their financial status, references, credit, and ability to repay a loan , Complete credit/loan documentation and approve or reject applications within authorization limits; may forward applications to management with approval or rejection recommendations , Promote the sale of credit/loan services , Review and update loan files, prepare statements on delinquent accounts, and forward for collection

Title Examples: Credit Officer, Loan Officer, Mortgage Officer

Useful Secondary School subjects: Business, Math, English

Degrees associated with this career: High School Diploma, Certificate, Diploma, Post-diploma, Bachelor

Requirements: You usually need a high school diploma, extensive banking experience, and a bachelor's degree or college diploma related to commerce or economics. , You may also have to complete six- to twelve-month loan or credit training programs. , With experience, you may move up the ranks to become a credit or loan manager. , Most recent entrants have an undergraduate university degree, and about 1 in 20 has a graduate degree.

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