Loan Officer Interview Preparation Guide
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Loan Officer based Frequently Asked Questions by expert members with experience as Loan Officer. These questions and answers will help you strengthen your technical skills, prepare for the new job test and quickly revise the concepts

77 Loan Officer Questions and Answers:

1 :: Do you use social networks to generate leads? Do you feel comfortable with this tactic?

Social networks, in my opinion, were created as an outlet to generate leads in the business world. I am very comfortable with this tactic and believe it is a great tool to reach out to prospective clients.
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2 :: What can you do for this company as Loan Officer?

I can give my best for your company because you are giving me an opportunity and I will serve your company as my best as possible.
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3 :: Please tell us what is your greatest strength?

Organised,proficient and well detailed oriented person who hav both organizational,interpersonal and intra personal skills.
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4 :: Give us examples of ideas you've had and implemented?

I feel the most important system to establish in any business is a lead generation.. Without customers there is no business. But whats even more important is to make commitment to work and implement at least two to three good marketing lead generation systems.. Work leads within the branch generate business thru referral sources like builders, realtors, insurance agents, contact expired listings, for sale by owners, cpas- they have clients who are buying or selling a home who may need to refinance or cash out.. Appraisers.. Hud foclosures huds website, other lenders or banks or credit union loan officers but lists: Neighborhoods properties with no mortgages older then five years etc..Military transfers..
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5 :: What applicable attributes do you have?

Strong analytical skills, people-oriented, enthusiastic, persuasive, work quickly and effectively, love being of service and making a difference, customer-oriented, extremely conscientious, polite, strong social skills and are excellent at quickly establishing rapport.
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6 :: Why are you the best person for this job?

Because of my drive and passion for meeting client needs and the level of experience and comfort with which I approach the role. I am also very risk averse having a strong recoveries background so I think its a perfect balance for the role.
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7 :: Are you efficient and organized with paperwork?

I am very efficient and organized with paperwork. I like to keep papers and paperwork together through files and folders and which helps me insure that I maintain attention to detail without getting documents misplaced.
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8 :: What do you like to do?

Waking up in the morning and take a cup of coffee while thinking about my day to day responsibilities.
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9 :: Please tell us why did you leave your last job?

Because I was ready for a new challenge in a more personable environment as opposed to the heavy corporate environment which I had operated in for so long.
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10 :: If you had enough money to retire right now then would you?

I would not but rather invest in business and continue working to generate more income.
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