⟩ Basic Loan Officer Interview Questions
► What banking experience do you have?
► What licenses do you have (state and federal)?
► How familiar are you with banking and consumer lending laws and regulations?
► Do you have experience with FHA and VA as well as conventional loans?
► Why are you looking to leave your current company?
► Can you work without a draw?
► How to you feel about commission based pay?
► Explain negative amortization.
► What is your worst character trait?
► How do you source new business?
► Tell me about your referral network?
► Describe how you build relationships with your network.
► Explain how you have explained to clients the different types of loans and credit options with terms of service.
► Describe a situation with an unsatisfied client and how you fixed the problem.
► Have you ever had a client get angry with you? How did you resolve the issue?
► How can someone be successful in an environment with rising interest rates?
► What size portfolio do you have at your current position?
► 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? Where did you rank?
► What methods do you use when deciding to grant an applicant a loan?
► Provide an example when your ethics were tested.
► How do you organize the financial information of your applicants?
► What is the status of your credit and loan files? How could you improve them?
► Describe an effective payment schedule which you created.
► What is your best character trait?