Aug 19, 2018 - 01:01 PM
Loan officers work with banks or other financial institutions to help borrowers get the best loan product. In this position, candidates must demonstrate knowledge about finances, mortgages, loans, and creditworthiness. Interview questions often address these topics. Employers may also ask you some general behavioral questions to evaluate your ability to be a valuable employee for the company.
You should prepare in advance for a question like, "What do you know about banking laws and federal regulations?" Loan officers need to demonstrate a high level of knowledge in this subject. Another common question is, "How do you get new clients?" Loan officers must generate new business for the company, so you should explain your process in this sector. It's also possible to get a question like, "How do you evaluate a loan application.?" In your answer, you can show off your critical thinking and analysis skills.