Loan Officer

Dev Becky Company; United States; Remote; USD 55,000 - 95,000; Full time

Job summary

Dev Becky Company is seeking a qualified Loan Officer to evaluate and authorize loan applications, advise borrowers on financial options, and maintain client accounts. You will interview applicants, assess eligibility, and justify lending decisions while ensuring adherence to policy and regulatory requirements.

The ideal candidate has proven loan officer experience, strong communication skills, and a solid understanding of lending products.

Qualifications

• Proven working experience as a loan officer.
• Familiarity with computers and banking applications/software.
• Solid understanding of direct/indirect lending products and practices.
• Excellent communication and interpersonal abilities.
• Customer satisfaction orientation and sales competencies.
• Ability to work in a goal-oriented environment.
• BS degree in finance, economics or a related field.

Responsibilities

• Evaluate credit worthiness by processing loan applications and documentation within specified limits.
• Interview applicants to determine financial eligibility and feasibility of granting loans.
• Determine all applicable ratios and metrics and set up debt payment plans.
• Communicate with clients either to request or to provide information.
• Justify decisions (approvals/rejections) and report on them.
• Complete loan contracts and counsel clients on policies and restrictions.
• Update job knowledge on types of loans and other financial services.
• Maintain and update account records.
• Assess customer needs, explore all options and introduce different types of loans.
• Develop referral networks, suggest alternate channels and cross-sell products and services.
• Ensure compliance with all financial policies and regulations.

Skills

Loan underwriting experience

Financial software familiarity

Communication skills

Sales orientation

Customer service

Goal-oriented

Education

BS in finance or economics

Job description

Loan Officer

A loan officer is responsible for evaluating, authorizing, or recommending approval of loan applications for people and businesses. They also advise borrowers on financial status and payment methods.

Responsibilities:

• Evaluate credit worthiness by processing loan applications and documentation within specified limits
• Interview applicants to determine financial eligibility and feasibility of granting loans
• Determine all applicable ratios and metrics and set up debt payment plans
• Communicate with clients either to request or to provide information
• Justify decisions (approvals/rejections) and report on them
• Complete loan contracts and counsel clients on policies and restrictions
• Update job knowledge on types of loans and other financial services
• Maintain and update account records
• Assess customer needs, explore all options and introduce different types of loans
• Develop referral networks, suggest alternate channels and cross-sell products and services
• Ensure compliance with all financial policies and regulations

Requirements:

• Proven working experience as a loan officer
• Familiarity with computers and banking applications/software
• Solid understanding of direct/indirect lending products and practices
• Excellent communication and interpersonal abilities
• Customer satisfaction orientation and sales competencies
• Ability to work in a goal-oriented environment
• BS degree in finance, economics or a related field