Loan Processor | Job Description Template

We’re seeking a dependable Loan Processor to execute company or individual loan appraisals. You will act as a go-between for potential customers and our financial institution. The goal is to assist qualified candidates in obtaining loans in a timely manner while also protecting our company’s reputation. Analysis, appraisal, and evaluation of loan applicants, as well as preparing and finalizing contracts, are all part of the job responsibilities of a loan processor.

Company Address 

(…………….)

Educational Qualifications

• A bachelor’s degree in finance, economics, or a related discipline is required.
• Working experience as a Loan Processor is required, as well as a working knowledge of banking software and MS Office. The candidate must also have an understanding of direct and indirect lending methods. 

Skills Required for the job

• Detailed knowledge of all applicable rules and regulations 
• Excellent sales and communication skills 
• Achieve a balance between client happiness and a result-oriented approach. 

Job Responsibilities

• Examine potential borrowers’ applications extensively to make an initial assessment. 
• Conduct background checks on candidates to determine their creditworthiness. Interview applicants to determine their loan or mortgage eligibility. 
• Develop loan repayment plans based on all eligible financial and non-financial parameters. 
• Clients should be followed up with to explain crucial points. 
• Give qualified candidates the “green light” and make decisions based on strong reasoning. 
• Complete loan contracts and keep customers up to date on restrictions and responsibilities. 
• Maintain a current understanding of loans and other financial services. 
• Record creation and renewal 
• Determine the needs of the consumer, consider all choices, and make recommendations for various forms of loans. 
• Develop dependable referral networks, offer alternate channels, and cross-sell products and services. 
• Build trusting relationships with customers and increase their loyalty. 
• Work within the confines of the law.

Company Offerings

Salary- (…..) 

Other Benefits- (….)