Summary: Examines, evaluates, and authorizes or recommends approval of customer applications for consumer loans by performing the following duties.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
· Interviews applicant to determine mortgage loan requirement and gather pertinent information for loan application.
· Requests applicant credit reports, background checks, reference checks, and other information pertinent to loan applicant's evaluation.
· Analyzes applicant financial status, credit, and assets to determine feasibility of granting loan or submits application for verification and recommendation.
· Resolves uncertainties relating to customer application information through inquiries with applicant or creditors.
· Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and other credit terms.
· Ensures loan agreements are complete and accurate according to establishment policy.
· Timely submission of rate lock.
· Assures timely loan closing and funding activities.
· Identifies and analyzes potential loan markets to develop prospects for consumer loans.
· Advises loan manager of external factors that may affect establishment lending policies, such as new or revised legislation and regulations. Recommends and implements appropriate changes to establishment policies and procedures.
· Promotes and cross-sells other establishment products and services as appropriate to customer requirements.
· Provides loan data to support marketing and sales promotion programs.
Supervisory Responsibilities:
This job has no supervisory responsibilities.
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