Table 1Transition record

loan officertoforeclosure specialist

A loan officer already meets 62% of what the foreclosure specialist role asks for. The move turns on 4 required skills not yet in the profile.

From loan officer

62%

Overlap1

To foreclosure specialist

15 Skills carried over

4 Required, not held

37 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 37

This move: 37 of 100 · moderate

1 Share of the foreclosure specialist role’s weighted skill requirement already met by the loan officer profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 15 skills that carry over, these are the ones fewest other occupations ask for. A foreclosure specialist role needs them, and most people applying for one will not have them already. This is the part of a loan officer background worth leading with.

Skill the target role also needs Area

already held foreclosure business, administration and law
already held interview bank loanees communication, collaboration and creativity
already held examine mortgage loan documents information skills
already held mortgage loans business, administration and law
already held analyse loans information skills
already held consult credit score information skills

All 15 carried skills, including the 11 the foreclosure specialist role treats as required.

Table 3

Table 3 · What you would need to learn

The 14 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 communication, collaboration and creativity 1 required, 4 supplementary

required, not held handle financial disputes required

optional, not held advise on conflict management optional
optional, not held advise on property value optional
optional, not held apply conflict management optional
optional, not held provide information on properties optional

02 information skills 1 required, 4 supplementary

required, not held assess debtor's financial situation required

optional, not held perform property market research optional
optional, not held compare property values optional
optional, not held perform debt investigation optional
optional, not held value properties optional

03 business, administration and law 1 required, 2 supplementary

required, not held real estate market required

optional, not held insolvency law optional
optional, not held repossession optional

04 management skills 1 required

required, not held create a financial plan required

Table 4

Table 4 · Where to start

The 3 entries a foreclosure specialist role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 15 skills that carry over

Skill Type

already held analyse financial risk skill
already held analyse loans skill
already held collect property financial information skill
already held communicate with banking professionals skill
already held examine mortgage loan documents skill
already held foreclosure knowledge
already held mortgage loans knowledge
already held obtain financial information skill
already held property law knowledge
already held protect client interests skill
already held provide support in financial calculation skill
already held banking activities knowledge
already held consult credit score skill
already held debt systems knowledge
already held interview bank loanees skill

10 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held perform property market research optional
optional, not held advise on conflict management optional
optional, not held advise on property value optional
optional, not held apply conflict management optional
optional, not held compare property values optional
optional, not held insolvency law optional
optional, not held perform debt investigation optional
optional, not held provide information on properties optional
optional, not held repossession optional
optional, not held value properties optional

24 held skills the foreclosure specialist role does not ask for

Skill Type

not needed by the target role actuarial science knowledge
not needed by the target role advise on financial matters skill
not needed by the target role advise on risk management skill
not needed by the target role analyse business plans skill
not needed by the target role apply credit risk policy skill
not needed by the target role assess customer credibility skill
not needed by the target role assist in loan applications skill
not needed by the target role business loans knowledge
not needed by the target role check accounting records skill
not needed by the target role core banking software knowledge
not needed by the target role credit control processes knowledge
not needed by the target role customer service knowledge
not needed by the target role debt classification knowledge
not needed by the target role decide on loan applications skill
not needed by the target role examine credit ratings skill
not needed by the target role inform on interest rates skill
not needed by the target role interpret financial statements skill
not needed by the target role maintain client debt records skill
not needed by the target role maintain credit history of clients skill
not needed by the target role manage loan applications skill
not needed by the target role monitor loan portfolio skill
not needed by the target role securities knowledge
not needed by the target role synthesise financial information skill
not needed by the target role tax legislation knowledge

3 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier

required, not held real estate market required
optional, not held insolvency law optional
optional, not held repossession optional

Index

Other moves recorded from loan officer

Full index of moves from loan officer

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.