Loan Officer Test

Test duration:

min

No. of questions:

Level of experience:

Entry/Mid/Expert

Loan Officer Test

Our loan officer test enables recruiters and hiring managers to hire a job-fit candidate quickly and make unbiased decisions. This test helps hire loan officers and helps reduce hiring costs by 40%.

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A hand holding a bag of money with a large percentage sign in the background

Loan Officer Aptitude Test Assessment

Loan officers will study the loan proposals submitted and decide whether to accept or reject them. They need to understand accounting and finance to learn financial statements. They must be good communicators since they regularly interact with clients.

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They must be fully aware of the bank's services and Governmental regulations.‍

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KEY SKILLS REQUIRED:

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STRONG COMPREHENSION SKILLS - Verbal Reasoning
COMMUNICATION - Verbal Ability
STRONG NUMERIC ABILITY - Quantitative Aptitude
ANALYTICAL ABILITY - Quantitative Aptitude
FINANCE AND ACCOUNTING KNOWLEDGE
CRITICAL THINKING - Logical Reasoning

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How it works

Test Summary

VERBAL ABILITY

Verbal ability is essential because grammar and vocabulary are prerequisites for good spoken and written English.

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VERBAL REASONING

Reading comprehension indicates the ability to comprehend and reason with the concepts on a written page.

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QUANTITATIVE APTITUDE

Quantitative ability will indicate analytical thinking and problem-solving ability.

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LOGICAL REASONING

Logical Reasoning is assessed through

Statement/Conclusion
Cause /Effect and
Statement/Fact questions

These questions will indicate the quality of deductive and inductive reasoning, contributing to critical thinking ability.

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ABSTRACT REASONING

Abstract reasoning indicates the ability to think, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.

The test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blank, Descriptive, Whiteboard Questions, Audio / Video Questions, True or False

Useful for hiring

Loan Officer

Test Duration

min

No. of Questions

Level of Expertise

Entry/Mid/Expert

Topics Covered

Accounting Fundamental

iMocha’s loan officer test evaluates a candidate’s understanding of accounting fundamentals such as recording, summarizing, analyzing, and reporting financial data.

Numerical Reasoning

Our loan officer aptitude test helps recruiters and hiring managers assess a candidate’s ability to solve numerical problems by interpreting numerical data.

Financial Management

This assessment evaluates a candidate’s ability to manage an organization’s financial activities.

Excel 2016

This assessment evaluates a candidate’s ability to work on Microsoft Excel, which helps to manage and control large amounts of data.

Sample Question

Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.

Question type

Multiple Option

Topics covered

HLOOKUP

Difficulty

Medium

Question:

Manuel is adept at using complex combined formulas. Identify the output of the following formula he wrote based on the given table, with data contained in the range A1: B5. HLOOKUP(44,A2:B5,3) - HLOOKUP(53,A4:B5,2) = ?