A Day In The Life of Loan Counselors

Stanley TanCareer, Day in lifeLeave a Comment

In this day in the life guide, you will find out:

  • What does a day as Loan Counselors looks like
  • What do they do every day
  • Things they do on a weekly or monthly basis
  • How many hours do they work

The purpose of this is to give you a clear picture of this career so you can make a better career decision on whether this career is suitable for you or not.

Top 2 Featured Schools For Loan Counselors


Typical Day for Loan Counselors

Here is a list of tasks that Loan Counselors do every day.

  • Check loan agreements to ensure that they are complete and accurate, according to policies.
  • Refer loans to loan committees for approval.
  • Approve loans within specified limits.
  • Submit applications to credit analysts for verification and recommendation.
  • Analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans.

Weekly and Monthly Tasks

Here is a list of tasks that Loan Counselors do on a weekly or monthly basis.

  • Maintain current knowledge of credit regulations.
  • Review billing for accuracy.
  • Maintain and review account records, updating and recategorizing them according to status changes.
  • Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
  • Review accounts to determine write-offs for collection agencies.

Working Hours

  • How many hours do Loan Counselors work per week? More than 40 hours per week
  • What is the work schedule like? Regular (Set schedule and routine)

Work Environment

Indoors, Environmentally Controlled
In an Enclosed Vehicle or Equipment
Sounds, Noise Levels Are Distracting or Uncomfortable

Learn more about Loan Counselors

Overview | Job Description | Salary | Requirements | Is This Career Right For Me

Related careers to Loan Counselors

Insurance Sales Agents
Human Resources Managers
Supervisors of Office and Administrative Support Workers
Loan Officers

This career is also closely related to Commercial Lending Vice President, Credit Counselor, Eligibility Consultant, Farm Mortgage Agent, Finance Manager, Financial Aid Administrator, Financial Aid Advisor, Financial Aid Coordinator, Financial Aid Counselor or Financial Aid Director.

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