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.

  • Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
  • 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.
  • Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.