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Loan Processor Job Description

Job Overview

Our company is seeking a Loan Processor who will be responsible for evaluating loan applications submitted by individuals or businesses. You will be collecting data from applicants such as finance, employment, total assets, expenses and current debts. You will be performing an intermediary role between possible clients and our financial organization. This role also includes interviewing the loan applicants and verifying their personal information as well as financial records. You will monitor the applicants and write financial contracts.

If you consider yourself suitable for this post, we would like to meet you.

Responsibilities

  • Analyze the applicants and determine if he or she is qualified to obtain the loan.

  • Perform background checks and verify the documents that are submitted by the applicant.

  • Monitor the applicant’s current debts.

  • Create loan repayment plans.

  • Finalize the contracts and keep the clients updated regarding its status.

  • Maintain and update all financial records.

  • Determine customer’s requirements and suggest loan plans accordingly.

  • Maintain relationship and set communication channels feasible for both, client and our organization.

  • Follow the established laws and policies.

Requirements

  • Bachelor's degree in any discipline. Finance would be preferred.

  • Proven track record of working as a loan processor.

  • Complete understanding of finance related laws and procedures.

  • Basic MS Office skills.

  • Excellent communication skills.

  • Strong analytical skills.

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