By scrutinizing credit reports, payment histories, and debt-to-income ratios, they determine the risk associated with lending to a particular individual or business. For example, a small business operator seeking a loan to expand surgery will receive the company’s economic comments analyzed to gauge the risk involved in extending credit.

Loan officers serve as the primary point of contact between applicants and the lending institution. Continuer la lecture de Among the many extremely important areas of a loan officer’s job is to evaluate the fresh creditworthiness regarding applicants →