1. Interpersonal communications skills. These will be used during sales functions of the job, during application interviews, when counseling and advising clients, and when dealing with high stress situations.
2. Analytical skills. Attention to detail and critical thinking is mandatory. A good loan officer needs to be able to shift gears from understanding and supportive to realist when looking at the paperwork. The numbers much be verified, the details must be scoured and the underwriting reactions must be anticipated accurately.
3. Managerial skills. Loan officers manage files, relationships, time, people, and expectations.
They need not to have managed an office, but they need to have the ability to see the big picture, strategically plan, and direct/coordinate progress in a controlled direction.
If you want to learn more about being a loan officer, visit the Lenders Guild at www.lendersguild.com. Their new website is still under development, but a lot of good information has already been posted.