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Loan Officer
Loan Officer
Job-Specific Whole-Person Assessment

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, and loan underwriters.

Top activities and tasks for this job:
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Getting Information - obtain financial information from individuals
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
  • Meet with applicants to obtain information for loan applications and to answer questions about the process.
  • Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  • Establishing and Maintaining Interpersonal Relationships

About the test

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
  • Attention to Detail
  • Multitasking
  Knowledge and Skills
  • Banking Fundamentals
  • Writing
  • Adaptable
  • Competitive
  • Corporate Citizenship
  • Develops Relationships
  • Enjoys Problem-Solving
  • Exhibits a Positive Work Attitude
  • Expressive and Outgoing
  • Innovative and Creative
  • Needs Structure
  • Seeks Perfection
  Emotional Intelligence
  • Emotional Self-Awareness
  • Emotional Self-Control
  • Empathy
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
Price:40 Credits ($40 USD)
Note:This test contains questions that are difficult to complete on small screens. A large screen device, such as a laptop, desktop, or tablet is recommended. Test-takers using small devices will be advised to optionally change to a larger screen device.
More information about this Job
Annual US Wages (2016)
Bottom 10%:
$32,820 or less
Bottom 25%:
$45,100 or less
$63,650 (Average)
Top 25%:
$92,610 or more
Top 10%:
$132,290 or more

Hourly US Wages (2016)
Bottom 10%:
$15.78 or less
Bottom 25%:
$21.68 or less
$30.60 (Average)
Top 25%:
$44.53 or more
Top 10%:
$63.60 or more

US Employment Statistics
2024 (projected):
Annual U.S. Job Openings:7,500

Top Knowledge Requirements
  • Customer and Personal Service
  • Economics and Accounting
  • English Language
  • Mathematics
  • Sales and Marketing
  • Computers and Electronics
  • Law and Government
  • Clerical
Top Skills
  • Active Listening
  • Speaking
  • Reading Comprehension
  • Judgment and Decision Making
  • Critical Thinking
  • Service Orientation
  • Social Perceptiveness
  • Writing
Top Abilities
  • Oral Comprehension
  • Oral Expression
  • Speech Clarity
  • Written Comprehension
  • Speech Recognition
  • Problem Sensitivity
  • Deductive Reasoning
  • Inductive Reasoning
Education Requirements
No High School Diploma:
High School Diploma:
Post-Secondary Certificate:
Some College:
Associate's Degree (2 yr):
Bachelor's Degree:
Post-Baccalaureate Certificate:
This graphic shows the percentage of people in this role who have their highest education in each category.
Related Work Experience Requirements
6 Months - 1 Year:
1 - 2 Years:
2 - 4 Years:
4 - 6 Years:
8 - 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 Account Executive, Branch Account Manager, Branch Banker, Branch Lending Officer, Branch Manager, Business Banker, Business Banking Officer, Commercial Banker, Commercial Lender, Commercial Loan Collection Officer, Commercial Loan Officer, Commercial Mortgage Broker, Consumer Loan Officer, Corporate Banking Officer, Escrow Officer, Farm Loan Representative, 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 Supervisor, Loan Workout Officer, Mortgage Banker, Mortgage Broker, Mortgage Closer, Mortgage Consultant, Mortgage Loan Closer, Mortgage Loan Officer, Mortgage Loan Originator, Mortgage or Loan Underwriter, Mortgage Originator, Mortgage Specialist, Mortgage Underwriter, Personal Banking Officer, Personal Loan Specialist, Portfolio Manager, Real Estate Loan Officer, Real Estate Officer, Relationship Manager, Small Business Banking Officer

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

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Read the Reviews
"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"

Activities performed during the Test
  • Complete cost-analysis of in-house and out-sourced work.
  • Determine whether to lease or buy equipment.
  • Review incentive financing.
  • Identify errors in a monthly statement.
  • Write a short essay.
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