Loan Specialist

4 weeks ago


Irvine, California, United States Boutique Recruiting Full time
Job OverviewWe are seeking an experienced Loan Processor to join our team at Boutique Recruiting. This role involves examining loan applications, assessing applicant backgrounds, and making informed decisions on loan approvals or denials. The ideal candidate will have a strong understanding of conventional loan procedures and excellent communication skills.

Key Responsibilities
  • Conduct thorough examinations of loan applications to identify potential risks and opportunities
  • Assess applicant credit standings through background research and interviews
  • Evaluate applicant eligibility for loan or mortgage products
  • Develop and implement loan repayment plans based on financial and non-financial criteria
  • Communicate with clients to clarify important points and provide updates on loan status
  • Make informed decisions on loan approvals or denials, providing sound arguments to support conclusions
  • Finalize loan contracts and ensure clients understand their obligations
  • Stay up-to-date on lending and financial services regulations
  • Maintain accurate and detailed records of loan transactions
  • Identify customer needs and suggest alternative loan products
  • Build and maintain trustworthy referral networks and cross-sell products and services
  • Foster strong relationships with clients and enhance customer loyalty
  • Ensure compliance with relevant laws and regulations at all times

Requirements
  • 3+ years of experience in a Loan Processor role
  • Bachelor's degree in finance, economics, or a related field
  • Comprehensive understanding of conventional loan procedures
  • Excellent communication and sales skills
  • Ability to balance customer satisfaction with results-driven approach
  • MUST have conventional loan experience


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