We are looking for a reliable Loan Processor to join our team! You will undertake an intermediary role between potential clients and our financial institution. The goal is to help qualified applicants obtain loans in a timely manner and protect our organization’s credibility. Loan processor duties and responsibilities will include analysis, appraisal and evaluation of loan applicants, as well as writing and finalizing contracts.

Responsibilities

• Perform initial appraisal of potential borrowers by thoroughly examining their applications
• Assess the credit standings of applicants through background research
• Interview applicants to evaluate their eligibility for loan or mortgage
• Conclude on all applicable financial and non-financial criteria and develop loan repayment plans
• Follow up with clients to clarify important points
• Give the “green light” to eligible candidates and report decisions with sound arguments
• Finalize loan contracts and keep clients informed in rules and obligations
• Remain up to speed regarding lending and other financial services
• Create and renew records
• Identify customer needs, explore all options and suggest different types of loans
• Cultivate trustworthy referral networks, suggest alternate channels and cross-sell products and services
• Forge trust relationships and enhance customer dedication
• Work within established regulations and adhere to law requirements at all times

Skills

• Proven working experience in a loan processor role
• Good knowledge of banking computer software and MS Office
• Comprehension of direct/indirect lending procedures
• In-depth understanding of relevant rules and regulations
• Excellent communication and sales skills
• Balance between customer satisfaction orientation and a results driven approach