Loan Officer

Job Brief

A loan officer is a professional who processes loans and assesses them for eligibility. This ensures that neither business nor personal goals are compromised.

Job Description

• ● Evaluate credit worthiness by processing loan applications and documentation within specified limits
• ● Interview applicants to determine financial eligibility and feasibility of granting loans
• ● Determine all applicable ratios and metrics and set up debt payment plans
• ● Communicate with clients either to request or to provide information
• ● Justify decisions (approvals/rejections) and report on them
• ● Complete loan contracts and counsel clients on policies and restrictions
• ● Update job knowledge on types of loans and other financial services
• ● Maintain and update account records
• ● Assess customer needs, explore all options and introduce different types of loans
• ● Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
• ● Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
• ● Οperate in compliance with laws and regulations and adhere to lending compliance guidelines

Job Requirements

• ● Proven working experience as a Loan Officer
• ● Familiarity with computers and banking applications/software
• ● Solid understanding of direct/indirect lending products and practices
• ● Excellent communication and interpersonal skills
• ● Customer satisfaction orientation and sales competencies
• ● Ability to work in a goal oriented environment
• ● BS degree in finance, economics or a related field