According to people in this career, the main tasks are...
| Task | Importance |
|---|---|
| Verify and examine information and accuracy of loan application and closing documents. | 92% |
| Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts. | 91% |
| Record applications for loan and credit, loan information, and disbursements of funds, using computers. | 90% |
| Submit loan applications with recommendation for underwriting approval. | 89% |
| Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications. | 88% |
| File and maintain loan records. | 88% |
| Contact credit bureaus, employers, and other sources to check applicants' credit and personal references. | 88% |
| Check value of customer collateral to be held as loan security. | 88% |
| Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers. | 87% |
| Interview loan applicants to obtain personal and financial data and to assist in completing applications. | 87% |
| Review customer accounts to determine whether payments are made on time and that other loan terms are being followed. | 87% |
| Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators. | 86% |
| Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property. | 86% |
| Answer questions and advise customers regarding loans and transactions. | 86% |
| Present loan and repayment schedules to customers. | 84% |
| Accept payment on accounts. | 82% |
| Schedule and conduct closings of mortgage transactions. | 80% |
| Establish credit limits and grant extensions of credit on overdue accounts. | 77% |
