Our loan officer test enables recruiters and hiring managers to hire job-fit candidate within a short period & take unbiased decision. This test is useful for hiring loan officer and helps to reduce hiring cost by 40%.
Loan officers will study the proposals submitted for loans and decide whether to accept them or to reject them. They need to understand accounting and finance in order to study financial statements.
They must be good communicators since they regularly interact with clients.
They need to be fully aware of all the services offered by the bank as well as all the Governmental regulations.
KEY SKILLS REQUIRED:
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.
Reading comprehension indicates ability to comprehend and reason with the concepts in a written page.
Quantitative ability will indicate analytical thinking and problem-solving ability.
Logical Reasoning is assessed through
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.
Abstract reasoning will indicate the ability to think clearly, 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 MCQ's (Multiple Choice Questions), MAQ's (Multiple Answer Questions), Fill in the Blank, Descriptive, Whiteboard Questions, Audio / Video Questions, True or False.
Test Duration: 20 minutes
No. of Questions: 20
Level of Expertise: Entry/Mid/Expert
iMocha’s loan officer test evaluates a candidate’s understanding about accounting fundamentals such as recording, summarizing, analyzing, and then reporting financial data
This assessment evaluates a candidate’s ability to manage financial activities of an organization
Our loan officer aptitude test helps recruiters and hiring managers to assess candidate’s ability to solve numerical problems by interpreting numerical data
This assessment evaluates a candidate’s ability to work on Microsoft Excel which helps to manage and control large amounts of data
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“Finding quality talent is a challenge more so when you consider the sheer number of resumes we get each year. To top this, the time we spent on our recruitment process was humongous. iMocha helped us to cut down on our candidate filtration time by 40 %, making it our preferred assessment tool.”