How do they match: Loan Officers

  • 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.

  • Compute payment schedules.
  • Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
  • Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
  • Maintain and review account records, updating and recategorizing them according to status changes.
  • Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
  • Review accounts to determine write-offs for collection agencies.