Top 43 Loan Officer Interview Questions

What attracted you to this company?
Best way to prepare for your Loan Officer interview starts here. Practice over 40 Loan Officer Interview Questions.

Interview Questions and Answers List

1. What attracted you to this company?
Best Answer
My research on net shows that this bank is showing constant growth for the last many years and I want to attach with such company which will offer me better development opportunity and better working environment.
2.
i m so talented to work on credits company
3.
Small town.
Was this question useful? Yes / No
2. What have you done to improve your knowledge in the last year?
Best Answer
Worked with a coach helping me identify strageties for personal growth which cemented goals and objectives that I just kept in my head.
2.
Working with companies which promotes career growth as well doing online courses related to my career.
3.
I had the opportunity to work with an accouning firm to give me insight on an everyday basis.
4.
Work in different organisations.
5.
I use khan academy to keep up.
Was this question useful? Yes / No
3. What experiences do you have in this field?
Best Answer
My ability to communicate effectively to clients and confidence with large work load.
2.
Am people oriented listen to details and communicate effectively and well as carry out multitasks.
3.
My ability to communicate effectively to clients and confidence to work load.
4.
I have almost a year experience in ales basically selling the products and ensuring my client is happy wih what I have offered.
5.
I have an ability to work with people. I am a polite person, so I can attract people.
Was this question useful? Yes / No
4. What do you like to do?
Best Answer
get up in the morning and set objectives. complete priorities while enjoying the coffee, flowers or what ever is pleasantly surrounding my environment
2.
Waking up in the morning and take a cup of coffee while thinking about my day to day responsibilities.
3.
To work in a reputable company that will respect my hard work.
4.
I like to help individuals out whenever I can and to make sure I am doing my best to give them the best outcome.
5.
I love engaging clients, meeting their expectations and solving their problems. That motivates me to excel at Customer Service.
Was this question useful? Yes / No
5. What's your ideal company?
Best Answer
A company with the ability to respect their employees, allow growth from both the outside and inside.
2.
Which could provide me with basic training and excellent working conditions and opportunity to learn.
3.
One that respects its employees and enhances career development with a good working environment.
4.
Good people with growth.
5.
My deal company is that which is in a growing industry.
Was this question useful? Yes / No
6. Have you ever had to fire anyone? How did that go?
Best Answer
Yes, did not like it but they were not doing their jobs,
2.
I have had to. It was not my favorite task but I approached it with compassion and honesty and left the employee hopeful that the next opportunity would be a new chance for growth. When sensitive matters are dealt with respectfully it usually softens the blow.
3.
I have had to. It was not my favorite task but I approached it with compassion and honesty and left the employee hopeful that the next opportunity would be a new chance for growth. When sensitive matters are dealt with respectfully it usually softens the blow.
4.
Not at all. Without being knowing the details of any event firing to the individual from any isntance is not good as per my consideration.
5.
I have never had to fire anyone.
Was this question useful? Yes / No
7. Why do you want to work for this organization?
Best Answer
looking for a job where i can use my analytical skills
2.
Want to become part of a successful company that offers structure and challenge.
3.
Because i believe i can be an asset for the increase of the success of your reputable organization.
4.
Its core values and mine directly match.
5.
Since it s the best financial company as from the internet then I would also need to work with the best company as well as attaching value towards its continued success.
Was this question useful? Yes / No
8. What is the toughest problem you've had to face? And how did you overcome it?
Best Answer
Dealing with a customer who was in love with me. I had to remain professional in the execution of my job.
2.
Dealing with a customer who was madly in love me, I had to handle her proffessionaly in respect to the rule and regulations of the company.
3.
One of the toughest problems I faced was working at Kohls during christmas season and having a women yell at me about her purchase that I rang through already becuase she was on the phone and did not give me the coupon. I had to tell her let me call my boss to see if we can void out the purchase start over and use the coupon.
4.
The toughest problem I had to face was scheduling a patient for 3 different types of therapies for 3 days per week for a month and riding a bus.
Was this question useful? Yes / No
9. What can you do for this company?
Best Answer
Make it grow.
2.
Be proffessional and honest and hardworking and committed.
3.
Inspire coworkers, increase bottom line.
4.
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.
5.
I can enrich the experience of your clients by always being committed to finding solutions to fit their needs.
Was this question useful? Yes / No
10. How would you ultimately describe your work style?
Best Answer
Paying attention to detail, multitask and communicate effectively.
2.
I work at a steady pace to make sure I don't make mistakes due to working too fast but also don't take too long to finish a job because of working too slow.
3.
Cool calm and will have positive learning attitude.
4.
My work style is organized.
Was this question useful? Yes / No
11. What interests you about this job?
Best Answer
The sucess and history of the company and working the team atmosphere.
2.
The fact that its people-centric.
3.
I am interested in this job because, I would be helping people find the home of their dreams.
Was this question useful? Yes / No
12. What is your greatest strength?
Best Answer
Responsible.
2.
My greatest strength is perservance.
3.
People oriented, critical thinker and professional.
4.
Organised,proficient and well detailed oriented person who hav both organizational,interpersonal and intra personal skills.
5.
Detail oriented.
Was this question useful? Yes / No
13. Why did you leave your last job?
Best Answer
Wanted to create an office downtown, Might as well join one.
2.
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.
3.
The reason I am looking for a new position is because, I miss working with people.
Was this question useful? Yes / No
14. Tell me about yourself?
Best Answer
I have the experience and knowledge of doing the work.
2.
I am a student
3.
Experienced person.
4.
responsible
5.
My name is Parvinder Singh, migrated from India. I graduated from Punjab Univeristy in India with main subjects as economics and engilsh as main subjects. In 1979 I joined Punjab and Sind Bank.
Was this question useful? Yes / No
15. What negative thing would your last boss say about you?
Best Answer
Slow in learning new things.
2.
Unable to handle stress.
Was this question useful? Yes / No
16. Are you willing to work overtime, nights, weekends?
Best Answer
Yes, but would like to know more of the details.
2.
Yes.i am a very flexible person.
3.
Yes, I am willing to work overtime, nights and weekends. I am very flexible.
Was this question useful? Yes / No
17. Was there a person in your career who really made a difference?
Best Answer
I shadowed a co worker at the internship at VNA Healthcare. She helped me out a lot with understanding how they do entries and how to record other information.
2.
Everyone makes a difference. I have had some of the best managers who have nutured me into being who I am. Self diciplined, motivated and very determined.
3.
Yes m ex supervisour he also put me in ahead to intiate the work and encourge to coplete the task even that I dont know.
4.
A person in my career who really made a difference was.
Was this question useful? Yes / No
18. What are your weaknesses?
Best Answer
what is my weakness
2.
I don't know how to budget my earnings so to avoid this i always list all my necessary to buy first.
3.
Picking up things off the ground with my left foot.
4.
I get very absorbed in my work and sometimes neglect personal time.
Was this question useful? Yes / No
19. What do co-workers say about you?
Best Answer
I am more than kind, funny and a real people person. Also, that they will miss me.
2.
I am a team player and very easy to get along with.
Was this question useful? Yes / No
20. Why are you the best person for this job?
Best Answer
Am the best person for this job because I am a hard worker, am able to adapt to any situation. I am also able to work under pressure.
2.
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.
Was this question useful? Yes / No
21. Why do you want to be a loan officer?
Best Answer
To help farmers also improve their livelihoods.
2.
Because people have needs and we can help them meet them in a responsible way.
Was this question useful? Yes / No
22. Are you willing to travel?
Was this question useful? Yes / No
23. What's the last book you read?
Best Answer
Whereever you are, you are there.
Was this question useful? Yes / No
24. Are you a team player?
Best Answer
I have always enjoyed being a part of a team because of the interchange of learning. I work well with others and usually play a key role in helping the team to meet its objectives.
Was this question useful? Yes / No
25. What challenges are you looking for in a position?
Best Answer
I am looking for new situations that can add value and experience to my professional career.
2.
What will you do if persons refuse to make there payment.
3.
I am looking for someone to help my weaknesses become strengths and excel at selling mortgage loans.
4.
I want to explore new innovative ways of growing the portfolio.
Was this question useful? Yes / No
26. What can you do for us that other candidates can't?
Best Answer
I can not say anything about othters, however I am a hardworking and proactive individual, if given a chance my work would speak for me.
2.
Increase profitability and market share by actively soliciting new customers while fostering existing relationship.
3.
I can use a wholistic approach to sales and marketing.
4.
I can bring all my strengths to the table in a meaningful way offering you a balance of zealous customer service tempered by risk awareness.
Was this question useful? Yes / No
27. Are you overqualified for this job?
Was this question useful? Yes / No
28. If you had enough money to retire right now, would you?
Best Answer
Pay off bills, continue to work and invest in hobbies and charities.
2.
I would not but rather invest in business and continue working to generate more income.
3.
I would not but rather invest in business and continue working to generate more income.
4.
Not a chance. I would want to continue developing and being actively engaged and meaningfully occupied in my work helps me accomplish that.
Was this question useful? Yes / No
29. Do you know anyone who works for us?
Was this question useful? Yes / No
30. Where would you like to be in your career five years from now?
Best Answer
At a higher position in the company than the one I am now applying for.
2.
I would like to see my self established with a could base of repeat customers. Originating Loans with high end customers.
3.
Proctor & Gamble gives lateral career moves to keep things from being boring.
4.
I would like to be heading a growing sales team as a result of dramatic increases in portfolio.
Was this question useful? Yes / No
31. How do you handle stressful situations?
Best Answer
I handle stressful situations by taking a step back, Breath and stay calm and then analize the situation to figure out the best solution to resolve the stress or problem.
2.
I thrive on stress. I sometimes pull my hair a little, but other than that I can remain calm and collected.
Was this question useful? Yes / No
32. What applicable attributes do you have?
Best Answer
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.
2.
Good Communication Skills Strong Subject Knowledge Hard Working Motivated.
Was this question useful? Yes / No
33. Are you applying for other jobs?
Was this question useful? Yes / No
34. What kind of salary do you require?
Best Answer
13-15
2.
It depends on the depth of the job requirements. Could you provide me with a range?
Was this question useful? Yes / No
35. What is your philosophy towards work?
Best Answer
loyal and highly ethical to work,adaptable to all situations
2.
Out work your competition.
3.
Hard work is a satisfying privilege.
Was this question useful? Yes / No
36. What do you know about this organization?
Best Answer
It has been in existence for ten years and provides loan funding and deposit services to members. I am familiar with the suit of products as well.
Was this question useful? Yes / No
37. How long would you expect to work for us if hired?
Best Answer
Until I sell the place to the government.
2.
I would hope to develop with the organization as it grows.
Was this question useful? Yes / No
38. How do you feel when you cannot deliver a loan to a family that desperately wants a new home?
Best Answer
I feel bad but have to follow company's rules and regulations.
2.
I will feel bad for the family but I cant overrule the co. Policy.
3.
Frustrated but optimistic we can help them in the near future.
4.
Enter the next number and dial.
5.
I feel a sense of social responsibility so I recognize the need to avoid creating a financial burden on a family always putting their best interest at the fore so while disappointing I would probably view it as a more sound decision.
Was this question useful? Yes / No
39. Have you ever been asked to leave a position?
Best Answer
No
2.
no
3.
No...All of my past positions have been positive.
4.
What have learned from your past job?
Was this question useful? Yes / No
40. What are you most proud of?
Best Answer
Am proud of making a difference wherever I find myself.
2.
I would have to say my postitive attitude through life..
3.
My personal growth within the field.
Was this question useful? Yes / No
41. Give me examples of ideas you've had and implemented?
Best Answer
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 atleast two to three good marketing lead generation systems.. Work leads within the branch generate business thru referal 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..
2.
Simplification of account opening procedures for clients. House to house product campaigns.
Was this question useful? Yes / No
42. Do you have any questions for me?
Best Answer
What is you induction program like? What direction is the organization going in to grow its portfolio.
Was this question useful? Yes / No
43. What are your thoughts on the financial crisis and have we moved past it?
Best Answer
The financial crisis has deepened however it is cyclical so I expect to see an improvement. Spending in our local economy still seems to be somewhat low and improvement will only come when that improves.
Was this question useful? Yes / No