Loan Officers Loan Officers Loan officers judge applicants' financial backgrounds and decide if they should receive loans. Loan officers prepare and check loan applications and make decisions about giving loans. They are often the first bank employees that customers and clients see.
Loan officers help borrowers fill out loan applications.
First, loan officers meet with customers and get information about what they need. Then officers process the forms and verify information. This involves examining the applicantscredit report. Banks and other lenders have requirements for the maximum percentage of income that can go to repay loans. Loan officers figure out whether applicants are below the cutoff.