Loan Officer Aptitude Test Assessment

Topics covered

  • MAQ (Multiple Answer Question)
  • MCQ (Multiple Choice Question)
  • Descriptive Question
  • White Board Simulator
  • Coding Simulator
  • Audio Question
  • Video Question
  • Case Study Question

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 the financial statements.
They must be good communicators since they regularly interact with clients.
They need to fully aware of all the services offered by the bank as well as all the Governmental regulations.

KEY SKILLS REQUIRED:

  • STRONG COMPREHENSION SKILLS - Verbal Reasoning

  • COMMUNICATION - Verbal Ability

  • STRONG NUMERIC ABILITY - Qunatitative Aptitude

  • ANALYTICAL ABILTY - Qunatitative Aptitude

  • FINANCE AND ACCOUNTING KNOWLEDGE

  • CRITICAL THINKING - Logical Reasoning
     

TEST DESCRIPTION

VERBAL ABILITY 
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.

VERBAL REASONING
Reading comprehension indicates ability to comprehend and reason with the concepts in a written page.

QUANTITATIVE APTITUDE 
Quantitative ability will indicate analytical thinking and problem solving ability.

LOGICAL REASONING
Logical Reasoning is assessed through  
•    Statement/Conclusion
•    Cause /Effect and 
•    Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.

ABSTRACT REASONING
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.
 

This pre-employment test is useful for hiring:
  • Loan Officer

Test details:

Test Details: 43 Questions 60 minutes
 

  • Verbal Ability -              08 Questions 08 minutes

  • Verbal Reasoning -        08 Questions 14 minutes

  • Quantitave Aptitude -     11 Questions 11 minutes

  • Logical Reasoning -       08 Questions 13 minutes

  • Abstract Reasoning -      08 Questions 14 minutes

Loan Officer Test

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SAMPLE REPORT
Candidate Name: David Messi Test Date: 28-May-2014
Test Name: Loan Officer Test Test Start Time: 13.30

Score: 20 Out Of 28

Percentage: 71

Result: PASS

passing score image
SECTION PERFORMANCE
Section Name FAIL PASS
Logical Reasoning
Score: 7/8
Verbal Reasoning
Score: 3/8
Verbal Ability
Score: 6/8
Abstract Reasoning
Score: 4/4
STRENGTH AND WEAKNESS
Strength Logical Reasoning, Abstract Reasoning
Weakness Verbal Reasoning
* Note: If score <= 40 then its a Weakness. If score >= 80 then its a Strength.
ONLINE PROCTORING
0%
10 20 30 40 50 60 70 80 90 100%
Tolerable Limit Not acceptable
Window Violation: 0 | Time Violation: 0 secs
CANDIDATE DETAILS
Gender : Male Phone Number : +1-541-754-3010
Total Experience (Years) : 3 Total Experience (Months) : 5
Skill Set : Logical Reasoning, Abstract Reasoning Current Employer : Interview Mocha
Current Job Title : Solution Architect Current Salary : 600.00
Expected Salary : 1000000.00 Current Location : Chicago

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