Top 25 Loan Officer Interview Questions and Answers

Top
1. What's your ideal company?
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Best Answer
A company with the ability to respect their employees, allow growth from both the outside and inside.
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2.
Which could provide me with basic training and excellent working conditions and opportunity to learn.
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3.
Good people with growth.
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4.
My deal company is that which is in a growing industry.
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2. What experiences do you have in this field?
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Best Answer
i have two year exprience in this area
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3. What do you like to do?
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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
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4. How would you ultimately describe your work style?
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Best Answer
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.
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5. What have you done to improve your knowledge in the last year?
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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.
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6. What is the toughest problem you've had to face? And how did you overcome it?
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Best Answer
Dealing with a customer who was in love with me. I had to remain professional in the execution of my job.
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7. If you had enough money to retire right now, would you?
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Best Answer
Pay off bills, continue to work and invest in hobbies and charities.
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8. Are you willing to work overtime, nights, weekends?
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Best Answer
Yes.i am a very flexible person.
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2.
yes
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3.
Yes, but would like to know more of the details.
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9. What is your greatest strength?
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Top Answer
Responsible.
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Second Best
People oriented, critical thinker and professional.
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3.
Organised,proficient and well detailed oriented person who hav both organizational,interpersonal and intra personal skills.
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4.
My greatest strength is perservance.
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5.
Organization.
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6.
I believe my greatest strength is my knowledge and trainings gained from our school.
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7.
Relating with people.
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8.
Able to relate to people at various levels professionally and personally.
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9.
Hard work and patience,i take hard work seriously it is the guide to good performance,and in this field patience is important so that you are able to qualify the right clients who will be able to use the loans to boost their business and repay back in time.
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10.
Hard work and patience.
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11.
Detail oriented.
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10. Why do you want to work for this organization?
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Best Answer
looking for a job where i can use my analytical skills
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2.
Want to become part of a successful company that offers structure and challenge.
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3.
Because i believe i can be an asset for the increase of the success of your reputable organization.
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4.
Its core values and mine directly match.
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11. What negative thing would your last boss say about you?
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Best Answer
Slow in learning new things.
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2.
Unable to handle stress.
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12. What are your weaknesses?
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Best Answer
what is my weakness
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2.
I don't know how to budget my earnings so to avoid this i always list all my necessary to buy first.
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13. Are you willing to travel?
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14. Are you overqualified for this job?
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15. Why did you leave your last job?
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16. What challenges are you looking for in a position?
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Best Answer
I am looking for new situations that can add value and experience to my professional career.
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2.
What will you do if persons refuse to make there payment.
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17. What can you do for this company?
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Best Answer
Make it grow.
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18. Why are you the best person for this job?
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19. What can you do for us that other candidates can't?
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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.
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20. What attracted you to this company?
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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.
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2.
i m so talented to work on credits company
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3.
Small town.
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21. Are you a team player?
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22. Have you ever had to fire anyone? How did that go?
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Best Answer
Yes, did not like it but they were not doing their jobs,
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23. Why do you want to be a loan officer?
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Best Answer
To help farmers also improve their livelihoods.
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24. What do co-workers say about you?
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25. What interests you about this job?
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Loan Officer
Career Field
Job Satisfaction
Interview Difficulty
Healthcare
Vacation
Hours per Week
Business
40%
Hard
Provided
Three Weeks
Under Thirty

A loan officer is a person who serves as an intermediary between lending institutions and borrowers. They solicit loans, represent creditors to borrowers, and represent borrowers to creditors.

Source: http://en.wikipedia.org/wiki/Loan_officer Last Updated: March 2, 2014, 9:00 pm
Education Requirements

Most loan officers need a bachelorís degree and receive on-the-job training. Mortgage loan officers must be licensed.

Work Environment

Loan officers who specialize in consumer loans usually work in offices. Mortgage and commercial loan officers often work outside the office and meet with clients at their homes or businesses.