Escrow officers, also known as loan officers, determine if people and businesses can qualify for a loan. Loan officers work for banks and financial institutions and look over gathered financial documents, to determine how much people and businesses make, how much they owe and credit rating. They often meet with applicants to ask questions and verify information, explain types of loans and help applicants decide the right loan for them. Escrow officers often use industry-specific underwriting software to help them determine the size and type of loan an applicant is qualified for. Once determined, escrow officers can approve or deny a loan, or give their information to someone in a management position for a final decision.