Top 43
Loan Officer Interview Questions

1. What do you like to do?
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Interview Questions and Answers List

1. What do you like to do?

Top Answer

get up in the morning and set objectives. complete priorities while enjoying the coffee, flowers or what ever is pleasantly surrounding my environment

Second Best

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.

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2. 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.

2.

I think we past some of the crisis but we are still seeing some difficulties specially people that lost their homes.

3.

I think its definitely an improving situation but we haven't completely moved past it. With interest rates at rock bottom a lot of people are taking out loans as the interest rates are really low to help with their situations an buy cars etc.

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3. What's your ideal company?

Top Answer

A company with the ability to respect their employees, allow growth from both the outside and inside.

Second Best

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.

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4. What attracted you to this company?

Top 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.

Second Best

i m so talented to work on credits company

3.

Small town.

4.

Its a govt company and very good for me.

5.

Its establish reputations and people trust.

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5. Have you ever had to fire anyone? How did that go?

Top Answer

Yes, did not like it but they were not doing their jobs,

Second Best

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.

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6. 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.

2.

When do I expect feedback.

3.

Yes what do expect from me.

4.

Would it be ok to maybe shadow for a day if you guys would like to hire me. How many customers do you call and how many loans do you broker? is there any cold calling involved?

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7. What experiences do you have in this field?

Top Answer

My ability to communicate effectively to clients and confidence with large work load.

Second Best

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.

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8. Why do you want to work for this organization?

Top Answer

looking for a job where i can use my analytical skills

Second Best

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.

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9. What can you do for this company?

Top Answer

Make it grow.

Second Best

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.

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10. What is the toughest problem you've had to face? And how did you overcome it?

Top Answer

Dealing with a customer who was in love with me. I had to remain professional in the execution of my job.

Second Best

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.

5.

Working through the consistent changes in bank of america has been tough. I have learned to just adapt to the changes and meet the expectations in place.

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11. How would you ultimately describe your work style?

Top Answer

Paying attention to detail, multitask and communicate effectively.

Second Best

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.

5.

Very fast paced and a grinder.

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12. 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.

4.

Yes. This is my starting stage of my life and I can do all thing which would help the company towards growth. And weekends and all I may not like it if it regularly phenomenons because everybody wants to take a rest to recollect the energy to work further whether it is a machine or human.

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13. Tell me about yourself?

Top Answer

I have the experience and knowledge of doing the work.

Second Best

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.

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14. What have you done to improve your knowledge in the last year?

Top Answer

Worked with a coach helping me identify strageties for personal growth which cemented goals and objectives that I just kept in my head.

Second Best

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.

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15. What do you know about this organization?

Top 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.

Second Best

That Wells fargo is an industry leader in mortgages and has a very large footprint across the US.

3.

Not much apart from its position.

4.

Provide financial services.

5.

Its a good organization that tries to help people.

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16. What interests you about this job?

Top Answer

The sucess and history of the company and working the team atmosphere.

Second Best

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.

4.

The limitless ability to generate revenue and ability for growth.

5.

I have knowledge and skills in this post and relationship I got from madam jack will make be be easy to work.

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17. 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?

3.

For now I look on to gain experience from you so I will be happy for any you offer to me.

4.

I am currently making 64 thousand yearly so around the same.

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18. What applicable attributes do you have?

Top 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.

Second Best

Good Communication Skills Strong Subject Knowledge Hard Working Motivated.

3.

Relationship building and great customer service.

4.

Market, innovation, e market,

5.

Hardwork bossy enthusiastic greedy.

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19. What is your greatest strength?

Top Answer

Responsible.

Second Best

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.

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20. What is your philosophy towards work?

Top Answer

loyal and highly ethical to work,adaptable to all situations

Second Best

Out work your competition.

3.

Hard work is a satisfying privilege.

4.

You get rewarded appropriately for the amount of effort you put towards your work.

5.

Teamwork, unique, motivation in work.

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21. What's the last book you read?

Top Answer

Whereever you are, you are there.

Second Best

The study exam booklet for the georgia insurance exam.

3.

Am not good in read books is only Bible.

4.

Sorry I dont have habit of reading books.

5.

The life is a game and how to play it.

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22. Why did you leave your last job?

Top Answer

Wanted to create an office downtown, Might as well join one.

Second Best

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.

4.

My ability to grow and advance my career has been slowed due to the reorganization of the company.

5.

I had some family issue that where I must be there for a long time and all the problem has been solved.

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23. Are you willing to travel?

Best Answer

Yes if the company requires.

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24. 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.

3.

At my work we are very focus on safety so I came with an idea of making a newspaper covering various areas of safety and people participation.

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25. What negative thing would your last boss say about you?

Best Answer

Slow in learning new things.

2.

Unable to handle stress.

3.

I didnot hear any negative from my Teamleader directly.

4.

That I can be hard headed at times.

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26. What do co-workers say about you?

Top Answer

I am more than kind, funny and a real people person. Also, that they will miss me.

Second Best

I am a team player and very easy to get along with.

3.

That I am always willing to step up and help them when they need it and that I always provide them helpful guidance.

4.

Sorry to tell you this is not right question to me. I will share with you my coworkers contacts if you want.

5.

That I am a hardworking, committed and dedicated person.

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27. Why are you the best person for this job?

Top 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.

Second Best

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.

3.

I have a very large circle of people I have close relationships with and I continue to grow that circle by being out in public frequently.

4.

Work on tym and self motivation and flexible to work.

5.

I am not the best person but I assure that I can to my best in my work.

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28. What are your weaknesses?

Top Answer

what is my weakness

Second Best

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.

5.

The amount of pressure I put on myself can be unneeded stress.

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29. Why do you want to be a loan officer?

Top Answer

To help farmers also improve their livelihoods.

Second Best

Because people have needs and we can help them meet them in a responsible way.

3.

I have a very strong appreciation for real estate and it is a field that excites me.

4.

I have skills and experience and like to work on it.

5.

Basically I like banking field but I donot like to work. I

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30. Was there a person in your career who really made a difference?

Top 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.

Second Best

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.

5.

My current manager has been a very positive influence in my growth and development.

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31. If you had enough money to retire right now, would you?

Top Answer

Pay off bills, continue to work and invest in hobbies and charities.

Second Best

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.

5.

No I want to share my knowledge and skill and develop my profession.

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32. 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?

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33. Are you applying for other jobs?

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34. Do you know anyone who works for us?

Best Answer

No. And I do not want to know until I come to floor to work, and I would to see all the customer at same level.

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35. What challenges are you looking for in a position?

Top Answer

I am looking for new situations that can add value and experience to my professional career.

Second Best

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.

5.

Challenges that require a lot of critical thinking and ones that require my ability to win over a client.

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36. 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.

2.

Yes. I will do my best and help coworkers if they want.

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37. Where would you like to be in your career five years from now?

Top Answer

At a higher position in the company than the one I am now applying for.

Second Best

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.

5.

I will be have a lot of experience and I think it will be a time where I will be as you even more than you.

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38. What can you do for us that other candidates can't?

Top 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.

Second Best

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.

5.

Provide clients a level of customer service and reliability that they will not receive anywhere else.

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39. How do you handle stressful situations?

Top 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.

Second Best

I thrive on stress. I sometimes pull my hair a little, but other than that I can remain calm and collected.

3.

I look at the situation from every angle and analyze it to find the most affective way to get through it.

4.

For pray and listen music.

5.

I will try to divert mind from the stressful situation and will be sitting alone and will fetch the memories with friends.

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40. Are you overqualified for this job?

Best Answer

No I think I meet the requirements perfectly.

2.

No everyday there changes there new skills formed.

3.

Absolutely NO because I have not been experience in this field.

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41. 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.

3.

Is my pleasure to work with you.

4.

For as many years that I can.

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42. How do you feel when you cannot deliver a loan to a family that desperately wants a new home?

Top Answer

I feel bad but have to follow company's rules and regulations.

Second Best

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.

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43. 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.

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