Key Responsibilities
- Determine all applicable metrics and ratios, and also set up plans for debt payment
- Interview applicants for the purpose of determining their financial status and eligibility for granting loans
- Evaluate the creditworthiness of clients by processing loan applications
Job Statement
We are hiring a qualified Loan Officer for evaluating, authorizing approval or deny loan applications for individuals as well as businesses.
What does a Loan Officer do?
You will be responsible for helping the qualified applicants acquire loans in a timely manner by acting as a liaison.
In order to succeed in this role, you must have a solid background in Finance or Accounting along with sound knowledge of all loan regulations.
Job Requirements
- At least a Bachelor’s degree in Accounting, Finance, Economics or a related field
- Prior experience as a Loan Officer
- Experience working with banking and accounting software
- Sound knowledge of direct as well as indirect lending practices and products
- Sound knowledge of all loan regulations
- Ability to work in a fast-paced, goal-oriented environment
- Strong communication and customer service skills, sales experience is a plus
- An analytical mind with a problem-solving attitude
Job Responsibilities
- Determining all applicable metrics and ratios, and also setting up plans for debt payment
- Interviewing applicants for the purpose of determining their financial status and eligibility for granting loans
- Evaluating the creditworthiness of clients by processing loan applications
- Striving to achieve customer satisfaction throughout the underwriting process and building long-term relationships
- Operating in compliance with laws/regulations and adhering to all lending compliance guidelines
- Assessing customer needs, exploring all options and introducing different types of loans in accordance
- Developing referral networks, suggesting alternate channels and cross-selling services and products for the purpose of accomplishing quotas
- Updating job knowledge on financial services and types of loans
- Maintaining and updating account records
- Justifying approval or rejection of loans and also reporting on them
- Communicating with clients for requesting or for providing information
- Completing loan contracts and counseling clients on restrictions and policies
