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       CODE: 186.167-078 Buy the DOT:Download/CD-ROM
TITLE(s): COMMERCIAL LOAN COLLECTION OFFICER (financial) alternate titles: special loan officer
Coordinates activities to collect delinquent commercial loans: Reviews files of commercial loans
in default to determine collateral held by bank. Writes letter to customer to demand payment of loan
balance. Calls or visits customer to determine if repayment plan can be established. Computes
repayment schedule, using calculator. Determines if status of customer's financial position prevents
repayment of loan and justifies re-classifying loan as non-revenue producing. Initiates collateral
liquidation when customer does not repay loan. Petitions court to transfer title and deeds of
collateral to bank. Coordinates maintenance and repairs to property. Coordinates activities to
maintain income flow related to seized assets, such as notifying renters to mail payments to
financial institution. Calls real estate broker to initiate sale of real estate. Calls auctioneer or
liquidation specialist to sell specified property, such as machines, equipment, and inventory at
public auction. Specifies changes to bank records on value of loan. May testify at legal
proceedings.
GOE: 11.05.02 STRENGTH: S GED: R5 M4 L5 SVP: 8 DLU: 89
ONET CROSSWALK: 21108 Loan Officers and Counselors
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