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A Loan Officer   works for banks, credit unions, independent lenders and mortgage companies to help applicants apply for loans . They ensure the eligibility to proceed with loans and evaluate how creditworthy or not a person might be based on their history and current finances before recommending them for approval. This  Loan Officer job description  template is optimized for posting on online job boards or careers pages and is easy to customize for your company. Loan Officer responsibilities include: Evaluating credit worthiness by processing loan applications and documentation within specified limits Interviewing applicants to determine financial eligibility and feasibility of granting loans Determining all applicable ratios and metrics and set up debt payment plans Job brief We are looking for a Loan Officer to evaluate, authorize approval or deny loan applications for people or for business. You will act as liaison between customers and our financial institution ...

How Banking Works, Types of Banks, and How To Choose the Best Bank for You By   ADAM BARONE   Updated August 19, 2022 Reviewed by   SOMER ANDERSON Fact checked by   PETE RATHBURN Investopedia / Theresa Chiechi What Is a Bank? A bank is a financial institution that is licensed to accept checking and savings deposits and make loans. Banks also provide related services such as individual retirement accounts (IRAs), certificates of deposit (CDs), currency exchange, and safe deposit boxes. There are several types of banks including retail banks, commercial or corporate banks, and investment banks. In the U.S., banks are regulated by the national government and by the individual states. KEY TAKEAWAYS A bank is a financial institution licensed to receive deposits and make loans. There are several types of banks including retail, commercial, and investment banks. In most countries, banks are regulated by the national government or central bank. Understanding Banks Banks have...