Career Questions and Answers
How are a loan officer's job responsibilities different from the ones of a credit analyst?
Asked by armenia
thanks
A:
Best Answer:
A Loan Officer "Sells" loan products and services.
A Credit Analyst: "Reviews" loan applications and does the analysis to determine if the borrower is credit worthy.
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Loan Officer vs Credit Analyst - Jobs/Duties?
Answered by JEDI Master YODA
A:
A loan officer makes their decisions using the information received from the credit analyst.
Answered by BigWashSr
A:
A credit analyst scrutinizes the information provided about a customer to assess if they are credit worthy or not, authorizes/gives a go ahead to give them a loan, checks on the performance of the loan, that limits are in place and re-assesss in case they need extra money by reviewing previous performance and desired amounts vs expected results.
Loan Officer is a rather broad title. It may involve, collection/recovery, analysis and report decimation, etc.
I hope I have helped.
Answered by victoria
A:
A loan officer typically originates loan application where a credit analyst determines what the risk might be associated with making the loan
Answered by Etta P
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