Loan officer Interview Questions

"As a loan officer, both your financial and customer service skills are heavily valued for accepting and rejecting loans. In an interview context, prepare to talk about how you negotiate, what you believe makes a good salesman, and what you do to ensure that you meet your monthly loan closing goals. In addition, you may have to role-play a scenario where you must inform a client that they could not be given a loan because of their credit, or other criteria. To ace your interview, show that you have a motivated attitude and skilled in building personal relations with realtors."

Loan officer Interview Questions

"As a loan officer, both your financial and customer service skills are heavily valued for accepting and rejecting loans. In an interview context, prepare to talk about how you negotiate, what you believe makes a good salesman, and what you do to ensure that you meet your monthly loan closing goals. In addition, you may have to role-play a scenario where you must inform a client that they could not be given a loan because of their credit, or other criteria. To ace your interview, show that you have a motivated attitude and skilled in building personal relations with realtors."

2,096 Loan Officer interview questions shared by candidates

Top Interview Questions

Sort: Relevance|Popular|Date
Bank of America
Mortgage Loan Officer was asked...July 26, 2015

How would you bring in the business when the market is dry?

2 Answers

I will not give off, If the market is dry, I alway still have market to work with. I have to work extra miles to find what can profits to my existing clients and find the new leads. Key, I have to know my products and like what I perform and good function to all of my clients even my goal to make Money he he ...... Less

I will not give off, If the market is dry, I alway still have market to work with. I have to work extra miles to find what can profits to my existing clients and find the new leads. Key, I have to know my products and like what I perform and good function to all of my clients even my goal to make Money he he ...... Less

Homeside Financial

How did I market myself to Realtors and do you think Homeside can assist in that process.

1 Answers

I mostly rely on forming personal relationships when marketing to realtors. Homesides, technological platform, credibility and in house marketing staff will make my job that much easier. I would now have something tangible that can help realtors sell more homes. Less

How will you achieve your goals.

1 Answers

Connect wtih Realtors, stay in contact with past clients, montly mailings

Transit Employees Federal Credit Union

CEO stated that all employees get the "TEFCU spill" and was required to adhere to it. Which is the vision of the credit union and employees need to do their part to bring the vision to fruition. There is a false preception that it is a family oriented company however employees are required to work late hours (10 hours daily) Monday - Friday and 4 hours on Saturday and there is no excuse not to.

4 Answers

I have family obligations, but I will be a team player and do my part on special promotions/projects. Less

You are correct. Working for TEFCU means you will work 10 hours a day minimum. The CEO does not like it when people ask for work/life balance. Less

TEFCU is definitely NOT family oriented. If you call out sick because your child is sick, they ask for proof and medical records. Less

Show More Responses
Republic Bank (PA)
Loan Officer was asked...November 21, 2021

Would you consider working at Republic Bank?

3 Answers

No, absolutely not!

No.

No, absolutely not!

Wells Fargo

What would your first 30 days look like for you in this position?

3 Answers

I would like to understand the details of project and flow of project.

Really good lessons to get into top tech companies: bit.ly/faang100

Be ready to cover the marketing activities you would need to complete on a daily/weekly basis to generate loan volume. Less

Wells Fargo

How do you handle difficult customers when they are rude to you or argumentative?

3 Answers

I don't take it personal. I know they are upset at the situation and not me. I make it a point to allow the customer to vent and politely acknowledge their feeling and go on to explain and provide a solution. Less

I don't take it personal. I know they are upset at the situation and not me. I make it a point to allow the customer to vent and politely acknowledge their feeling and go on to explain and provide a solution. Less

I don't take it personal. I know they are upset at the situation and not me. I make it a point to allow the customer to vent and politely acknowledge their feeling and go on to explain and provide a solution. Less

Wells Fargo

What is the difference between a person who mismanages debt and one who has excrutiating circumstances

2 Answers

a person who mismanages debt does so irresponsibly, the person who has an excrutiating circumstance is someone who has a life changing event, such as losing a job or getting into a horrible accident which can cause them to not pay bills. Less

A person that mismanages money is probably immature and irresponsible. And a person under excruciating circumstances is someone going through something that's out of their control. Less

Wells Fargo

Why do you want to work for Wells Fargo

2 Answers

Yes they did. You will be required to give thme units and amount funded. A recent pay stub and last year's W2 Less

Did a recruiter or managers ask about production volume, documented transactions of funded loans? Less

Land Bank of the Philippines

What are my achievements in college?

1 Answers

I mentioned that I was a student leader and I can be a team player

Viewing 1 - 10 of 2,096 Interview Questions