Reviewing a loan request, the applicant's finances and supporting papers to decide whether to lend and on what terms.
Good work shows: Verifies income and identity documents; checks credit history and existing debts; gives a clear decision with reasons.
Assessing a loan application is one of the banking and insurance skills on FinderK.
The job simulations and Skill Paths below include work that is checked for this skill. You do the work in an original fictional company and get feedback on it.
A well run bakery wants a loan for a second oven and a bigger overdraft. The reported figures pass the bank's tests easily. Normalise them, test the request against the credit policy, find a structure that works and hold the line when a contract arrives that does not count.
Skills: Normalise a business's earnings for one-off items; Test a lending request against a credit policy; Recommend a structure that meets policy without losing the customer; Judge whether new evidence changes a credit decision