Job Available

Loan Officer Position

Duties:

  • Meet with loan applicants to gather personal information and answer questions
  • Explain different types of loans and the terms of each one to applicants
  • Obtain and verify financial information, such as applicants’ credit rating and income level
  • Analyze and evaluate applicants’ financial information provided on their loan applications
  • Provide customer service by answering questions and guiding customers through the application process
  • Determine applicants’ loan needs and ability to pay back
  • Conduct loan underwriting by evaluating clients’ creditworthiness
  • Evaluate, authorize, or recommend approval of loan applications for people and businesses.
  • Refer applications to management for a decision
  • Contact companies or people to ask if they need a loan
  • Market loan products and services to potential clients and actively solicit new business
  • Knowledge of commercial loans offered to businesses
  • Ability to combine the use of good judgment in addition to analysis by underwriting software, especially in cases of complex financial situations and statements – for commercial loan purposes.
  • Ability to guide applicants through loan processes and to handle cases with unusual
    circumstances.
  • Seek out clients who require developing relationships with real estate companies and other sources that can refer prospective applicants – for mortgage loan purposes.
  • Keep regular contacts with borrowers of good standing to discuss future financial needs
  • Contact borrowers who fail to make their loan payments on time.
  • Work with borrowers to help them find a way to keep paying off the loan.
  • Initiate the process of taking over collateral given to secure defaulted loans

Qualifications:

  • A bachelor’s degree in business administration, or related fields, with a minimum of
    two years of loan services and underwriting experience, or
  • Five years of relevant work experience – for non-holders of bachelor degrees in business administration or related fields

Skills:

  • Language – Bilingual (English and Spanish)
  • Communication and interpersonal skills
  • Knowledge of loan underwriting software, or manual processing
  • Mastery of Microsoft Office programs (Word, Excel, PowerPoin
  • Experience with QuickBooks for maintaining accounts and budgets
  • Simple statistical analysis for presentation purposes

Email your resume to msharif@vsedc.org