Loan Officer

KEY ROLE:

• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Analyze applicants financial status, credit, and property evaluations and provided report for supervisor to determine feasibility of granting loans.
• Review loan agreements to ensure that they are complete and accurate according to policy. Compute payment schedules.
• Stay abreast of new types of loans and other financial services and products in order to better meet customers needs.
• Market bank products to individuals and firms, promoting bank services that may meet customers needs.
• Work with clients to identify their financial goals and to find ways of reaching those goals.
• Confer with underwriters to aid in resolving mortgage application problems
• Analyze potential loan markets and develop referral networks in order to locate prospects for loans.
• Negotiate payment arrangements with customers who have delinquent loans.
• Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
• Arrange for maintenance and liquidation of delinquent properties.
• Submit applications to credit analysts for verification and recommendation.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Prepare and submit loan related reports to send to local regulators (BSP…) and H.O.
• Other duties assigned by the Manager.

QUALIFICATIONS:

• Credit and Loan Analyst Skills, Marketing Skills.
• Reporting Skills, Verbal Communication, Administrative Writing Skills, Accounting Skills.
• Bachelor's degree in Finance, Banking or a related field.