(Career Asssessments, Exploration & Counselling)
Career: Loan Counselors
Job Description
Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
Job Tasks
Importance %age |
Task Description |
97
|
Interview applicants and request specified information for loan applications. |
95
|
Check loan agreements to ensure that they are complete and accurate, according to policies. |
95
|
Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork. |
91
|
Maintain and review account records, updating and recategorizing them according to status changes. |
90
|
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans. |
87
|
Assist in selection of financial award candidates using electronic databases to certify loan eligibility. |
86
|
Approve loans within specified limits. |
86
|
Submit applications to credit analysts for verification and recommendation. |
79
|
Supervise loan personnel. |
78
|
Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation. |
77
|
Refer loans to loan committees for approval. |
77
|
Maintain current knowledge of credit regulations. |
77
|
Review billing for accuracy. |
75
|
Counsel clients on personal and family financial problems, such as excessive spending and borrowing of funds. |
73
|
Analyze potential loan markets to find opportunities to promote loans and financial services. |
68
|
Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs. |
65
|
Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans. |
63
|
Review accounts to determine write-offs for collection agencies. |
63
|
Arrange for maintenance and liquidation of delinquent properties. |
62
|
Confer with underwriters to resolve mortgage application problems. |
60
|
Petition courts to transfer titles and deeds of collateral to banks. |
58
|
Inform individuals and groups about the financial assistance available to college or university students. |
58
|
Locate debtors using post office directories, utility services account listings, and mailing lists. |
57
|
Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors. |
56
|
Open accounts for clients and disburse funds from clients' accounts to creditors. |
55
|
Authorize and sign mail collection letters. |
54
|
Compare data on student aid applications with eligibility requirements of assistance programs. |
45
|
Match students' needs and eligibility with available financial aid programs to provide informed recommendations. |
Work Activities
Importance %age |
Activity Description |
84
|
Establishing and Maintaining Interpersonal Relationships
|
83
|
Communicating with Persons Outside Organization
|
79
|
Organizing, Planning, and Prioritizing Work
|
78
|
Getting Information
|
76
|
Thinking Creatively
|
75
|
Updating and Using Relevant Knowledge
|
73
|
Performing for or Working Directly with the Public
|
73
|
Analyzing Data or Information
|
73
|
Provide Consultation and Advice to Others
|
72
|
Identifying Objects, Actions, and Events
|
68
|
Communicating with Supervisors, Peers, or Subordinates
|
66
|
Resolving Conflicts and Negotiating with Others
|
62
|
Training and Teaching Others
|
62
|
Documenting/Recording Information
|
61
|
Assisting and Caring for Others
|
61
|
Coordinating the Work and Activities of Others
|
61
|
Performing Administrative Activities
|
59
|
Monitor Processes, Materials, or Surroundings
|
58
|
Selling or Influencing Others
|
58
|
Coaching and Developing Others
|
58
|
Monitoring and Controlling Resources
|
56
|
Interpreting the Meaning of Information for Others
|
56
|
Scheduling Work and Activities
|
55
|
Judging the Qualities of Things, Services, or People
|
55
|
Interacting With Computers
|
53
|
Guiding, Directing, and Motivating Subordinates
|
50
|
Developing Objectives and Strategies
|
50
|
Processing Information
|
49
|
Making Decisions and Solving Problems
|
46
|
Developing and Building Teams
|
44
|
Evaluating Information to Determine Compliance with Standards
|
43
|
Staffing Organizational Units
|
26
|
Controlling Machines and Processes
|
25
|
Inspecting Equipment, Structures, or Material
|
23
|
Handling and Moving Objects
|
22
|
Operating Vehicles, Mechanized Devices, or Equipment
|
20
|
Repairing and Maintaining Mechanical Equipment
|
19
|
Estimating the Quantifiable Characteristics of Products, Events, or Information
|
12
|
Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment
|
12
|
Performing General Physical Activities
|
9
|
Repairing and Maintaining Electronic Equipment
|