Accounting / Finance
Loan Officer interview questions:
Skilled candidates for the position of Loan Officer are more abundant than one might expect. While banking experience is valuable, the primary skill sought after for this role is sales experience. To attract exceptional loan originators, hiring managers might consider prioritizing sales skills over banking experience, thereby broadening the pool of qualified candidates from diverse industries.
For mid-career or top-performing loan officers, it’s advisable to focus on applicants with a background in mortgage lending. This may be described as ‘minimal mortgage,’ ‘hard money,’ or ‘minimum productions’ experience. Loan officers are typically employed by a variety of institutions, including commercial banks, mortgage companies, credit unions, and other financial entities.
To assess and hire new loan originators, these open-ended and situational questions can be valuable. However, when hiring experienced loan officers, it’s beneficial to include additional questions that delve into their sales and relationship-building capabilities. For example, inquiries about the number of realtors they currently collaborate with or their rank on their team’s sales performance can be informative. For optimal results, customize your questions to align with the specific work environment and skill level required. Generally, exceptional candidates will ask insightful and pertinent questions, demonstrate familiarity with your company, and have conducted prior research.
Operational and Situational questions:
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