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⟩ 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?

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