Loan consultants work as financial advisors and loan officiators for individuals and businesses that are in need of a loan. Many times, a loan consultant will work as a liaison between the party that needs the loan and the lending company. During an average day at work, this person may review credit reports, provide credit-improving advice, consult with lenders, and provide administrative assistance to people who are filling out loan applications.
Skillset: Many loan consultants have strong backgrounds in lending or accounting. They have excellent mathematical skills, solid customer service skills, and are knowledgeable of interest rates and government laws concerning loans and default statuses. Attention to detail and organization are key traits for someone in this profession to have.
Education: A bachelors or masters degree in accounting, commercial lending or finance is required by most companies that employee loan consultants. Other areas of study that are closely-related include information management, commercial investment and international business.
Career Path: Strong mathematical and accounting skills are the foundation that builds a solid career as a loan consultant. Consider taking advanced bookkeeping and business administration courses to gain a well-rounded knowledge to enhance this profession.
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