O*NET-SOC 13-2072.00

Loan Officers

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.

Preparation

ItemValue
Preparation zoneZone 4 – Considerable preparation needed
What O*NET says the zone requiresConsiderable skill, knowledge, or experience is needed
Broad occupation in O*NETTrue (Yes)
Skills listed for this occupation6
Abilities listed for this occupation6
Tasks listed for this occupation5
Interest scores given for this occupation6

Skills

The 6 skills with the highest importance values in this occupation's records.

SkillO*NET elementImportanceDate
Active Listening2.A.1.b4.008/2020
Speaking2.A.1.d4.008/2020
Judgment and Decision Making2.B.4.e3.8808/2020
Reading Comprehension2.A.1.a3.8808/2020
Critical Thinking2.A.2.a3.7508/2020
Writing2.A.1.c3.3808/2020

The importance value is what each record itself carries on O*NET's importance scale; the date is the date in each record.

Abilities

The 6 abilities with the highest importance values in this occupation's records.

AbilityO*NET elementImportanceDate
Oral Comprehension1.A.1.a.14.008/2020
Oral Expression1.A.1.a.34.008/2020
Written Comprehension1.A.1.a.24.008/2020
Near Vision1.A.4.a.13.8808/2020
Written Expression1.A.1.a.43.8808/2020
Deductive Reasoning1.A.1.b.43.7508/2020

The importance value is what each record itself carries on O*NET's importance scale; the date is the date in each record.

Tasks

The tasks O*NET records for this occupation, with the type, respondent count and date each record carries.

TaskTypeIncumbents respondingDate
Meet with applicants to obtain information for loan applications and to answer questions about the process.Core6308/2020
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.Core6208/2020
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.Core6308/2020
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.Core6308/2020
Submit applications to credit analysts for verification and recommendation.Core6308/2020

Work interests

The interest scores O*NET gives this occupation, on the six interest types.

InterestScoreDate
Conventional6.0211/2023
Enterprising5.0311/2023
Social3.7611/2023
Investigative2.311/2023
Realistic1.2411/2023
Artistic1.011/2023

More occupations in preparation zone 4

Source: O*NET 29.1 Database (Occupation Data, Job Zones, Skills, Abilities, Task Statements, Interests), U.S. Department of Labor, Employment and Training Administration. Data fetched 2026-10-31. See about and sources.