Loan Officer Skills Assessment

  • $10.00

The Loan Officer Skills assessment is designed to assess the proficiency of a loan officer in four major categories. These categories are as follows: Consumer lending, commercial lending, mortgage lending, and regulatory compliance. This assessment is appropriate to administer to those working or intending to work as a loan officer.

Assessments for Loan Processing Skills, and Loan Underwriting Skills are also available.

Number of questions 35
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Commercial Lending
Commercial Loan
Consumer Loan
Mortgage Loan
Tasks tested Balloon Feature
Cash Flow
Collateral - Appraisal
Collections - Right of Offset
Credit Reporting
Debt to Income
Debt-to-Worth Ratio
Denied Credit
Earnings Ratios
Equity Products
Flood Search
Future Value
Good Faith Estimate
Installment Payments
Loan to Value
Perfect a Lien
Personal Savings Collateral
Prime Rate
Private Mortgage Insurance
Purchase Money Loan
Quick Ratio
Revenue Points
Reverse Mortgage
Right of Rescission
Rule of 78's
Simple Interest
Statement Analysis
Statement Knowledge
Statement Type
Title Work
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)