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Loan Officers  (NOC 1232)
Lower Mainland - Southwest Region
Description |  Titles |  Duties |   Related Occupations

Loan officers examine, evaluate and process credit and loan applications. They are employed by banks, trust companies, credit unions and similar financial institutions.

credit officer, loan officer, mortgage officer.

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Loan officers perform some or all of the following duties:
  • Interview applicants for personal, mortgage, student and business loans
  • Research and evaluate loan applicant's financial status, references, credit and ability to repay the loan
  • Complete credit and loan documentation
  • Submit credit and loan applications to management with recommendations for approval or rejection; or approve or reject applications within authorized limits ensuring that credit standards of the institution are respected
  • Promote the sale of credit and loan services
  • Review and update credit and loan files
  • Prepare statements on delinquent accounts and forward irreconcilable accounts for collector action.
Included Cities in Region | Service Canada Offices

Abbotsford, Burnaby, Coquitlam, Richmond, Surrey, Vancouver, Chilliwack, Langley, New Westminster, North Vancouver, Port Coquitlam, Port Moody, White Rock, Gibsons, Mission, Aldergrove, Brunswick Beach, Crescent, Crescent Beach, Cultus Lake, Elgin, Fort Langley, Grandview, Lions Bay, McMillan Island, Ocean Park, South Surrey, Sunnyside, Willoughby

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View a list of Service Canada offices in this area.

Outlook & Prospects for Loan Officers in Lower Mainland - Southwest Region

The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.

Local Employment Potential Information

Table on the employment potential for Loan Officers in Lower Mainland - Southwest Region as well as in the rest of the British Columbia.
Location Employment Potential Release Date
Lower Mainland - Southwest Region N/A N/A
[ Source: Labour Market Information - HRSDC ]
Please consult the British Columbia and Canada tabs for more useful information related to outlook.