Loan processor Interview Questions 

A loan processor is a final person the application goes to for getting the approval to go ahead with the loan. The ideal candidate will have an eye for detail, strong risk assessment, decision-making and interpersonal skills. Below are the questions to help you screen candidates better. 

• Why do you want to work for us? 
• What according to you are the qualities a loan processor should possess? 
• How do you define yourself? 
• How do you think the company will be affected positively by hiring you? 
• What do you think are the major challenges of this job? 
• How do you think your past experience has helped you for your present role? 
• How do you prioritize work? 
• What do you think are your prime duties? 
• What is the first thing you’ll focus on if you’re hired? 
• Do you consider yourself a team player? 
• What factors do you consider before approving or rejecting a loan application? 
• Which financial documents would you ask from an applicant to go ahead with the loan assessment? 
• Walk us through a typical loan processing procedure. 
• Tell us about a time when you made a mistake in evaluating and processed the loan. What did you do? What did you learn from it? 
• How would you analyze an applicant’s credit? 
• Tell us about a time you found a fraud? What did you do? 
• Tell us about your experience with a team project.  
• Tell us about a time when you felt fulfilled with your job. 
• Defend the remuneration package that you want.