Loan Officer

Job-Specific Whole-Person Assessment (Test)

A Short Version of this test is available.   What's the Difference?

Candidates typically need about 45 minutes to complete our full-length job-specific assessments. Our short versions take less than half that time. Like our standard assessments, these tests are based on the U.S. Government Occupational Information Network (O*Net). They do not contain the animated simulation module, however, though they still provide valuable information about all critical performance-related dimensions. Additionally, the short versions optionally include 1-2 virtual video interview questions! Click below for more information:

Loan Officer (Short)

Loan Officer

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.

Top activities and tasks for this job:
  • Meet with applicants to obtain information for loan applications and to answer questions about the process.
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Getting Information - obtain financial information from individuals
  • Evaluating Information to Determine Compliance with Standards
  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Establishing and Maintaining Interpersonal Relationships
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Processing Information - compute property equity

About the test (Full Version)

The HR Avatar Loan Officer Pre-Employment Assessment was designed to help you hire staff in this role. The test provides a whole-person evaluation by measuring job-relevant cognitive ability, personality, knowledge, skills, and relevant behavioral history. Each component provides important data for hiring decisions. Cognitive ability has been linked to overall job performance in most jobs and correlates with a candidate's ability to learn new skills and to solve complex problems. Personality characteristics determine how well the candidate will fit-in with a corporate culture. Knowledge and skills indicate how much training will be needed before a new employee becomes productive. Finally, relevant behavioral history detects counter-productive behaviors that can impact job performance.

The Loan Officer test includes an animated work simulation in which candidates meet customers, colleagues and supervisors in a job-related context. Post-test surveys indicate the majority of candidates react favorably to these simulations. This test also contains an automatically-scored essay component. Writing is a key skill for many jobs and also demonstrates the ability to generate, organize, and communicate relevant ideas effectively.

The specific attributes measured include:

Cognitive Ability
  • Analytical Thinking and Attention to Detail
  Knowledge and Skills
  • Banking Fundamentals
  • Writing
  • Adaptability
  • Drive
  • Integrity
  • Resilience
  • Teamwork
  Emotional Intelligence
  • Empathy and Emotional Self-Control
Behavioral History
  • History Survey - Performance
  • History Survey - Tenure

Following completion, the test produces a Candidate Selection Report that includes an overall score and detailed scores for each attribute. The overall score weighs each of the factors based on research and analysis from the U.S. Government's Occupational Information Network (O*Net). O*Net represents over a decade of dedicated research evaluating the relative importance of various factors that lead to success in almost 1,000 different job roles.

The Candidate Selection Report also provides expert interview questions that help you probe critical or low-scoring areas, along with a guide for noting your evaluation of the candidate's responses. Consistent use of an interview guide is an important part of gaining better candidate insights and making better hiring decisions.

Language:English (US)
Time to Complete:40 Minutes (Approximately)
O*Net SOC Code:13-2072.00
Simulation Context:Medium-Level Business Finance
O*Net Context:Business and Financial Operations
More information about this Job
Annual US Wages (2020)
Bottom 10%:
$33,650 or less
Bottom 25%:
$45,540 or less
$63,960 (Average)
Top 25%:
$93,490 or more
Top 10%:
$133,850 or more

US Employment Statistics
2030 (projected):
Annual U.S. Job Openings:25,000

Top Knowledge Requirements
  • Customer and Personal Service
  • Economics and Accounting
  • English Language
  • Mathematics
  • Sales and Marketing
  • Law and Government
  • Administration and Management
  • Education and Training
Top Skills
  • Active Listening
  • Speaking
  • Judgment and Decision Making
  • Reading Comprehension
  • Critical Thinking
  • Writing
  • Mathematics
  • Social Perceptiveness
Top Abilities
  • Written Comprehension
  • Oral Expression
  • Oral Comprehension
  • Written Expression
  • Near Vision
  • Speech Clarity
  • Speech Recognition
  • Inductive Reasoning
Education Requirements
High School Diploma:
Some College:
Associate's Degree (2 yr):
Bachelor's Degree:
This graphic shows the percentage of people in this role who have their highest education in each category.
Related Work Experience Requirements
3 - 6 Months:
6 Months - 1 Year:
1 - 2 Years:
2 - 4 Years:
4 - 6 Years:
6 - 8 Years:
More than 10 Years:
This graphic shows the percentage of people in this role whose related work experience before they entered this position falls into each category.

Alternate Titles for this Role: Agricultural Loan Officer, Bank Officer, Bank Representative, Banking Services Officer, Branch Banker, Branch Lending Officer, Business Banker, Business Banking Officer, Commercial Banker, Commercial Lender, Commercial Loan Collection Officer, Commercial Loan Officer, Commercial Mortgage Broker, Consumer Lending Specialist, Consumer Loan Officer, Corporate Banking Officer, Eligibility Consultant, Farm Loan Representative, Farm Mortgage Agent, Financial Aid Administrator, Financial Aid Advisor, Financial Aid Coordinator, Financial Aid Counselor, Financial Aid Officer, Financial Aid Technician, Financial Assistance Advisor, Financial Assistance Specialist, Financial Counselor, Home Lending Advisor, Home Lending Officer, Lender, Loan Administrator, Loan Adviser, Loan Analyst, Loan Approver, Loan Auditor, Loan Consultant, Loan Coordinator, Loan Counselor, Loan Examiner, Loan Interviewer, Loan Officer, Loan Originator, Loan Reviewer, Loan Service Officer, Loan Servicing Specialist, Loan Specialist, Loan Underwriter, Loan Workout Officer, Mortgage Banker, Mortgage Broker, Mortgage Closer, Mortgage Consultant, Mortgage Loan Closer, Mortgage Loan Officer, Mortgage Loan Originator, Mortgage Originator, Mortgage Specialist, Mortgage Underwriter, Peer Financial Counselor, Personal Banking Officer, Personal Loan Specialist, Portfolio Manager, Real Estate Loan Officer, Real Estate Officer, Small Business Banking Officer, Underwriter

Related Jobs based on Skills & Abilities: Insurance Sales Agents, Customs Brokers, Tax Preparers, Loan Interviewers and Clerks, Brokerage Clerks, Personal Financial Advisors, Securities, Commodities, and Financial Services Sales Agents, Real Estate Sales Agents, Credit Authorizers, Checkers, and Clerks, Eligibility Interviewers, Government Programs, First-Line Supervisors of Office and Administrative Support Workers, Compensation and Benefits Managers, Claims Adjusters, Examiners, and Investigators, New Accounts Clerks, Human Resources Specialists, Compensation, Benefits, and Job Analysis Specialists, Tax Examiners and Collectors, and Revenue Agents

(HR Avatar Use Only) pid=6196, CTB Direct Test

Sign In  to administer this Full version.

Read the Reviews
Read HR Avatar reviews on G2
"Amazing Service and Spot-On Testing"
"The value received far exceeds the price"
"Truly takes out the guess work"
"Hiring managers can easily understand the reports"
Read customer reviews...

Activities performed during the Test
  • Complete cost-analysis of in-house and out-sourced work.
  • Analyze feedback and recommend steps to increase employee participation.
  • Determine whether to lease or buy equipment.
  • Review incentive financing.
  • Make a purchasing recommendation.

Meet the Avatars
Follow Us
Follow Us LinkedIn LinkedIn
Follow Us Facebook Facebook
Follow Us X Twitter
Subscribe to our Newsletter Tips & Updates
COPYRIGHT  ©  2024   HR Avatar, Inc.   |   Terms and Conditions   |   Privacy
Go to Home Page
This website uses cookies to ensure you get the best experience on our website. Learn More