Job description
A Loan Officer, often working for a bank or lending institution, evaluates loan applications, assesses financial eligibility, manages loan contracts and advise clients on loan products and policies all while ensuring compliance with lending regulations.
Application Processing & Evaluation:
Review and process loan applications, verifying information and documentation.
Conduct financial analysis to assess the applicant’s creditworthiness and ability to repay.
Evaluate loan requests, determining the level of risk and appropriate loan terms.
Customer Interaction & Counseling:
Provide guidance to customers on different loan products and services.
Explain loan terms, conditions, and repayment schedules.
Address customer inquiries and resolve any concerns.
Build and maintain strong client relationships.
Loan Management:
Prepare and process loan agreements and other documentation.
Monitor loan performance and ensure timely repayment.
Follow up on delinquent accounts and initiate recovery actions.
Compliance & Risk Management:
Adhere to all applicable laws, regulations, and internal policies related to lending practices.
Maintain accurate records and documentation, ensuring compliance.
Assess and mitigate risks associated with loan applications.
Skills & Qualifications:
Strong analytical and problem-solving skills.
Excellent communication, interpersonal, and customer service skills.
Knowledge of lending products, regulations, and financial principles.
Proficiency in using loan origination software and other relevant technology.
Ability to manage multiple tasks and prioritize deadlines.
Thoroughness, attention to detail, and a commitment to accuracy.
Interested and qualified candidates should send their CV to: career@pennylender.com using the Job Title as the subject of the mail.
Apply via :
career@pennylender.com