1. Why do you want to be a loan officer?
Because people have needs and we can help them meet them in a responsible way.
2. Tell us what negative thing would your last boss say about you?
I didnot hear any negative from my Teamleader directly.
3. How do you generate leads as Loan Officer?
By staying in touch with previous customers, social media and local events. I want every one I meet to know who I am, what I do and where I work.
4. What challenges are you looking for in a position?
I am looking for new situations that can add value and experience to my professional career.
5. What interests you about this job?
The sucess and history of the company and working the team atmosphere.
6. What kind of salary do you require as Loan Officer?
It depends on the depth of the job requirements. Could you provide me with a range?
7. Please tell me what is your philosophy towards work?
You get rewarded appropriately for the amount of effort you put towards your work.
8. Tell us what do co-workers say about you?
I am more than kind, funny and a real people person. Also, that they will miss me.
9. Do you know someone who works for us?
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.
10. Are you a team player candidate?
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.
11. Can you tell me some thing about your weaknesses?
I don't know how to budget my earnings so to avoid this i always list all my necessary to buy first.
12. Explain how do you handle stressful situations?
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.
13. What's the last book you read?
The life is a game and how to play it.
14. Tell me what do you know about us?
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.
15. How would you ultimately describe your work style?
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.
16. What attracted you to this company?
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.
17. How would you describe (needed loan officer or your) work style?
My work style matching exactlty what cashier job requires by: being honest and ethical, being careful about detail and thorough in completing work tasks, accepting criticism and dealing calmly and effectively with high stress situations, establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks, being reliable, responsible, and dependable, and fulfilling obligations.
18. Are you overqualified for this job?
No everyday there changes there new skills formed.
19. Are you willing to work overtime, nights and weekends?
Yes, but would like to know more of the details.
20. What are the skills required for loan officer employee in order to success in his work?
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times, Talking to others to convey information effectively, Considering the relative costs and benefits of potential actions to choose the most appropriate one, Understanding written sentences and paragraphs in work related documents, Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
21. What's your ideal company?
A company with the ability to respect their employees, allow growth from both the outside and inside.
22. Describe the abilities you have in order to work with us as loan officer?
I have the ability to listen to and understand information and ideas presented through spoken words and sentences, communicate information and ideas in speaking so others will understand, speak clearly so others can understand you, apply general rules to specific problems to produce answers that make sense, combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
23. Why is it important to work with the best realtors?
They will be selling properties if times slow down and generating more opportunities if a slack time occurs. Also, quality of leads could be better as well.
The Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction, economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data, the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar, arithmetic, algebra, geometry, calculus, statistics, and their applications, principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
25. What are the main job duties and responsibilities of loan officer employee?
loan officer responsibilities are to explain to customers the different types of loans and credit options that are available, as well as the terms of those services; obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information; analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans;
meet with applicants to obtain information for loan applications and to answer questions about the process; handle customer complaints and take appropriate action to resolve them; compute payment schedules; stay abreast of new types of loans and other financial services and products to better meet customers' needs; review and update credit and loan files; analyze potential loan markets and develop referral networks to locate prospects for loans; review loan agreements to ensure that they are complete and accurate according to policy; submit applications to credit analysts for verification and recommendation; approve loans within specified limits, and refer loan applications outside those limits to management for approval; work with clients to identify their financial goals and to find ways of reaching those goals; confer with underwriters to aid in resolving mortgage application problems;
negotiate payment arrangements with customers who have delinquent loans; supervise loan personnel; market bank products to individuals and firms, promoting bank services that may meet customers' needs;
interview, hire, and train new employees; prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action; set credit policies, credit lines, procedures and standards in conjunction with senior managers;
arrange for maintenance and liquidation of delinquent properties; provide special services such as investment banking for clients with more specialized needs; petition courts to transfer titles and deeds of collateral to banks.
26. Situational Retail Consumer Loan Officer interview questions:
► Where do you see yourself in five years time?
► What problems have you encountered at work?
► What relevant experience do you have?
► You have not done this sort of job before. How will you succeed?
► Have you ever had difficulty working with a manager?
Be clear in understanding the responses.
Think of at least two reasons this job is a good match for your skills, strengths, experience and background. Emphasize benefits to the company.
27. Basic Banking Loan Officer Consumer interview questions:
► What was the most complex assignment you have had?
► On taking this Banking Loan Officer Consumer job, what would be your major contribution?
► When you are not studying or working, what types of activities do you enjoy?
► What personal qualities or characteristics do you most value?
► What are top 3 skills for Banking Loan Officer Consumer?
► How do you go about setting goals with subordinates?
► What was the most important task you ever had?
28. Competency Based Retail Consumer Loan Officer interview questions:
► How do you feel about taking no for an answer?
► When given an important assignment, how do you approach it?
► What are your long-term goals or career plans?
► Can you describe a time when your work was criticized?
► What was the most complex assignment you have had?
29. Phone Based Banking Loan Officer Consumer interview questions:
► Give an example of how you worked as Banking Loan Officer Consumer on team.
► Tell about a problem that you solved in a unique or unusual way.
► Tell me about a time when you successfully handled a situation?
► What is your personal mission statement?
► How would you describe your presentation style?
► How do you reach a decision if you don't have all the facts?
► Describe how you have balanced your academic work with your extracurricular activities.
Talk about desire to perform and be recognized for contributions.
Avoid talking about negatives, but highlight your achievement and how you did it. How you respond to these Banking Loan Officer Consumer interview questions may be a litmus test for how well you'll fit into the organization.
30. Informational Banking Loan Officer Consumer interview questions:
► What are you looking for in terms of Banking Loan Officer Consumer career development?
► Tell me about a time when you had to give someone difficult feedback.
► Where would you like to be in your career five years from now?
► What kind of events cause you stress on the job?
► How would you feel about working for someone who knows less than you?
► What is your usual role in a team?
► What's the most important thing you learned in school?
31. First Banking Loan Officer Consumer interview questions:
► What was your major disappointment?
► How well did your college experience prepare you for this Banking Loan Officer Consumer job?
► Do you find your job exciting or boring?
► How did you assign priorities to jobs?
► Describe your ideal Banking Loan Officer Consumer job.
► Why are you leaving your present job?
► Have you ever had to introduce a policy change to your work group?
32. General Loan Officer Interview Questions:
► How do you go about learning something new?
► What was the last major change you went through? How did you handle that change? What would you have done differently?
► How would you learn our sales culture? How would you go about learning our, products and services?
► How do you get new business?
► How many new prospect appointments have you had in the last 3 months?
► How many new prospect appointments do you have scheduled for next week?
► What is your strongest sales skill? What sales skills could you improve?
► May I see your work Day-Timer or calendar?
► How many CPA's do you currently receive referrals from?
► What does your next week appointments look like? How many appointments do you have set? With what type of companies?
► What is a day like when you don't have appointments?
► Tell me about the most difficult account you ever sold.
► What qualities do you admire in a person?
► Who is the best boss you ever worked for and why?
► Of the clients you have in your portfolio how many did you bring in?
► How would that boss describe you? * What is your selling style?
► Will you supply me a copy of a recent write up you did on your own? (White out client name)
► Have you ever had a client angry with you? What did you do? How did you correct it?
► When did you last receive a referral? Where are you with respect to your percentage of loan and deposit goals, year to date?
► Who was number one in your group last quarter? (Out of how many people?) Where were you? How about last year?
► Tell me something about yourself that you wish came through on an interview, that we might see once you started working for us?
33. Strengths and Weaknesses Based Retail Consumer Loan Officer interview questions:
► What would be your ideal working environment?
► Tell us about the last time you had to negotiate with someone.
► What major challenges and problems did you face?
► What is a typical career path in this job function?
► When was the last time you were in a crises?
Note down your answers. These may be useful later if the interviewers wish to confirm any answer with you as they forget or wish to discuss more. Don't feel too much pressure as you have been asked many strict questions that you are unable to answer well. Illustrate your examples with experiences from previous jobs, internships, activities, team involvements and community services.
34. Mortgage Loan Officer Interview Questions:
► What do you consider to be the most important qualities in a mortgage loan officer?
► What computer programs are you able to use to aid you in your job?
► How strong are your math skills?
► How many years experience do you have in reviewing mortgage applications?
► How has this job changed with the recent economy?
► What has been your average annual loan production?
► Are you familiar with the laws of this state as they pertain to financial transactions?
► What kind of sales skills do you possess?
► What are your strengths and weaknesses?
► What qualities do you think you'll need to successfully perform this job
35. Behavioral Retail Consumer Loan Officer interview questions:
► Example when you went above and beyond the call of duty.
► A team experience you found disappointing.
► How do you decide what gets top priority when scheduling your time?
► How do you keep track of things you need to do?
► Give an example of a time you successfully worked on a team.
Describe your weaknesses as strengths. It is meant to see whether or not you'll speak poorly of an employer. Talk about specific work related experience for the position you're interviewing for.
