Loan Manager
3 days ago
Key responsibilities
- Client and application management: Meet with clients to understand their borrowing needs, advise them on different loan products, and assist with the application process.
- Financial analysis: Obtain, verify, and analyze applicants' financial information, such as credit history, income, assets, and debts, to assess their creditworthiness and ability to repay the loan. Also visit banks for approval process
- Loan evaluation and approval: Make recommendations for loan approval or denial based on the financial analysis and underwriting guidelines.
- Compliance and documentation: Ensure all loan applications and processes comply with federal and state regulations. They also prepare and submit accurate loan files.
- Collaboration: Work with underwriters, loan processors, and other departments to ensure applications are processed efficiently and accurately.
- Closing and post-closing: Explain loan terms to borrowers, obtain necessary signatures, and ensure all paperwork is complete.
Essential skills
- Strong interpersonal and communication skills to interact effectively with clients.
- Analytical and problem-solving skills to evaluate complex financial information.
- Knowledge of financial principles and lending regulations.
- Attention to detail to ensure accuracy in financial documents and applications.
- Sales skills for marketing loan products and building client relationships.
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