Loan Specialist
4 weeks ago
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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