Popular Keywords

Categories

Total Results

No Record Found

View All Results

Loan Officer job description

Loan Officer Roles Job Description Formats
Facebook
Twitter
LinkedIn

Contents

Introduction

A Loan Officer is a professional who processes loan applications and evaluates them for eligibility and suitability to ensure that nothing stands between business or personal goals.

This Loan Officer job description template is optimized for posting on online job boards or careers pages and is easy to customize for your company.

Loan Officer responsibilities

  • Evaluating credit worthiness by processing loan applications and documentation within specified limits
  • Interviewing applicants to determine financial eligibility and feasibility of granting loans
  • Determining all applicable ratios and metrics and set up debt payment plans

Job Description Sample

We are looking for a Loan Officer to evaluate, authorize approval or deny loan applications for people or for business. You will act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.

Responsibilities

  • 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

Requirements and skill

  • 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

Other Accounting Roles Job Description

  • Explore other Accounting roles and their job description by selecting any of the below titles. A rich accounting job description is a great start. Use job description templates by FormatWorks to: 
  • show understanding of the accounting skills and knowledge you’re looking for 
  • provide a list of job responsibilities 
  • demonstrate that you’re serious employer looking to invest in talent. 

FormatWorks Inc. is dedicated in offering formats, templates and designs to help you level up and save time. Also, we publish blogposts to help you better.

Twitter Facebook-f Linkedin Medium

Downloads

About

Quick Links