The Loan Representative will review loan applications to evaluate, authorize, and/or recommend the approval of commercial, credit, or real estate loans. Will demonstrate a strong understanding of economic and accounting principles, the financial market, and banking — and have an innate ability to manage and lead.
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Negotiate ideal prices, terms, and conditions for home mortgages
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Address any problems that may arise during loan application process
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Guide customers through the loan process, including negotiations, terms, and conditions
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Be aware of all originations, processing, appraisal, underwriting, and closing requirements for both governments insured and privately insured mortgages
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Assists potential borrowers with completion of initial loan applications; reviews submitted applications for accuracy and completion, requesting additional information or detail as needed.
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Verifies information and financial history provided; acquires borrower’s credit reports from major credit reporting bureau(s).
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Submits application to credit analysts or, when appropriate, examines application and creditworthiness of potential borrower; determines or makes recommendations regarding approval or denial/modification of requested loan.
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Approves or, when outside pre-approved lending limits, refers loans to management for analysis and approval.
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Ensures loan agreements are completed according to policy; calculates and explains payment schedules.
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Explains different lending and credit options and bank products to potential and current clients.
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Maintains credit and lending records and files.
Required Skills/Abilities:
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Advanced knowledge of lending and credit markets
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Excellent verbal and written communication skills.
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Excellent interpersonal, customer service, and sales skills.
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Extremely proficient with Microsoft Office Suite or related software program.
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Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans.
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Advanced interpersonal skills, with a strong focus on customer service
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Excellent attention to detail
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High School Diploma required.
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Banking Experience preferred.
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Minimum three years’ experience in loan origination