Job Summary

We are searching for an experienced and detail-oriented loan officer to join our growing institution. In this position, you will act as a liaison between applicants and our financial institution, helping qualified applicants obtain loans and set up payment plans. Your duties will include meeting with applicants, preparing loan proposals, and examining active loans. Loan officers evaluate and authorize the approval of business, real estate, or credit loans. They are specialists in evaluating the financial status of a loan applicant. Duties include updating account records and reviewing loan files. They work for commercial banks, mortgage companies, or credit unions.

The ideal candidate will have experience managing different types of loans including home loans, business loans, and individual loans. To succeed in this role, you should demonstrate excellent communication and interpersonal skills.

Responsibilities

• Review loan requests
• Assess clients’ financial status
• Evaluate creditworthiness and risks
• Contact clients to gather financial data and documentation
• Analyze risks and approve or reject loan requests
• Calculate financial ratios (e.g. credit scores and interest rates)
• Meet with loan applicants to identify their needs and collect information for loan applications.
• Analyze active loan files on a regular basis and recommend solutions to speed up the loan process.
• Complete loan contracts and teach clients on policies and regulations.
• Interview applicants to define financial eligibility and establish debt payment plans.
• Monitor and update account records.
• Submit loan applications in a timely manner.
• Prepare detailed loan proposals.
• Reject loan applications and explain deficiencies to applicants.
• Respond to applicants’ questions and resolve any loan-related issues.
• Operate in compliance with laws and regulations.

Requirements

• Bachelor’s degree in finance or a similar field.
• A minimum of 3 years’ experience as a loan officer.
• Solid understanding of local, state, and federal loan regulations.
• In-depth knowledge of computers and banking software.
• Outstanding interpersonal and communication skills.
• Customer service-oriented with exceptional sales skills
• Set up payment plan
• must be 18years and above
• Must possess at least SHS certification or Advance certificate in any field
• Must be computer literate
• Must have at least 1year experience in credit  and be ready to learn.