Loan Manager Interview Questions and Answers

Updated on June 3, 2019

How do you prepare for an interview for a loan manager position?

Well, you find out what the hiring manager is looking for, and then you prepare accordingly.

 

 

As a loan manager, you will be tested on more than just your leadership skills during an interview.

The following set of questions and answers will give you a solid idea about what to expect during the loan manager interview process:

 

 

Loan Manager Interview Questions and Answers

 

Tell us a little about your journey to the position of a loan manager?

I began working as an intern in the lending department of a bank 5 years ago. At that time, I was not too sure that this was what I wanted to do. By the time the internship ended, I had developed such a great interest in the work that I decided to apply for a loan officer position. 3 years of working in this capacity made me learn a lot, and eventually, I was promoted to a managerial position. And I have been working as a loan manager for 2 years now.

What are some of the main duties that you have performed in this role?

As a loan manager, my main duty is to oversee and monitor the work of loan officers in my team. Specifically, my work involves verifying the completeness and accuracy of loan applications, ensuring that proper follow-up is conducted and that issues and problems with loan products are managed.

Also, it is my responsibility to train and develop my team in order to ensure that they work towards the goals of the company, and in the best interest of the client as well.

What do you feel is the most important skill that you possess?

Even though I have an array of skills that make me an excellent loan manager, I believe that it is my leadership skills which are the most important.

How do you ensure that work processes under you are properly carried out?

I am a stickler for perfection. This quality makes it easy for me to ensure that my team works with almost as much perfection. This, in turn, ensures that work processes are carefully and meticulously carried out.

Tell us about one of your weaknesses.

At times, I set unrealistic goals for myself, which makes it difficult for me to be completely satisfied. However, I am working on mellowing down in this area.

What are your 5-year plans?

I have only spent 2 years in a managerial capacity. There is still so much more to learn and do. Once I feel that I have learned the ropes completely, I would like to work in a capacity where I have several loan managers under my umbrella.

 

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