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Congratulations on your new position as loan officer at the Commercial Bank and Trust Company.
Congratulations on your new position as loan officer at the Commercial Bank and Trust Company. You are dedicated to building long-term relationships with your clients, and you want to be able to answer their questions quickly if they call after obtaining a loan. The bank’s system is a little slow, so you have started your own list of information frequently needed by your client. You are aware that it is extremely important that the customer’s information be protected.You process automobile loans for the bank’s customers. The interest rate varies depending on the customer’s credit score. Once you know the credit score, you use the associated rate to calculate the loan payment. You then store the customer’s information including the payment date and the payment amount in your list for quick reference. Respond fully to the following questions regarding this task:
