Key Responsibilities
- Interview applicants for evaluating their eligibility for mortgage or loan
- Assess the applicants’ credit standings by doing background research
- Perform initial appraisal of applicants by examining their loan applications
Job Statement
We are hiring a qualified Loan Processor for performing appraisals of individual or business loans.
What does a Loan Processor do?
You will be responsible for analyzing, appraising and evaluating loan applicants and also for writing and finalizing contracts. You will act as a bridge between our company and our potential clients with the ultimate goal of helping qualified applicants in obtaining the loan in a timely manner.
Job Requirements
- At least a Bachelor’s degree in Accounting, Finance, Economics or a related field
- Professional certification (e.g. CPA or CFA)
- Prior experience as a Loan Processor
- Experience with banking and accounting software (e.g. QuickBooks)
- Experience with direct as well as indirect lending products and procedures
- Sound knowledge of all loan regulations and rules
- Sound knowledge of MS Office, especially MS Excel
- Excellent communication skills, and sales experience are a plus
- Results-driven and customer-oriented personality
- An analytical mind with a problem-solving attitude
Job Responsibilities
- Interviewing applicants for evaluating their eligibility for mortgage or loan
- Assessing the applicants’ credit standings by doing background research
- Performing initial appraisal of applicants by examining their loan applications
- Forging trust relationships while also enhancing customer dedication
- Working within established rules and regulations at all times
- Identifying customer needs, exploring all possible options and suggesting various loans
- Cultivating trustworthy referral networks, cross-selling products and services, and also suggesting alternate channels
- Remaining updated with the latest practices in lending and similar financial services
- Creating and renewing records
- Following up with clients for clarifying important points
- Approving applications of eligible candidates while also reporting decisions with sound arguments
- Finalizing loan contracts and keeping clients informed of all obligations and rules
- Concluding on various financial as well as non-financial criteria and developing repayment plans
