Designation: - Loan Consultant
Job Description
· Calling customers to determine their needs and recommend the right loan products to help meet their goals.
· Maintain an active knowledge base of all of the organization’s loan products and an understanding of the qualifications required of each applicant.
· Identify and recommend products that meets the customer’s needs and the organization’s lending guidelines.
· Review active loan files each day to determine if any documents are missing or what can be done to help the process along.
· Utilize professional judgement to determine which potential borrowers represent good risk opportunities for the organization.
· Reviewing applications to determine if they meet all qualifications, such as income levels or credit scores.
· Negotiating loan terms with borrowers and other parties to the transaction, such as banks or title companies.
· Reviewing loan applications to ensure that all required information is complete and accurate.
· Coordinating appraisals and inspections of collateral for loans involving real estate.
· Reviewing loan documents to ensure that all legal requirements have been met Coordinating with third party service providers such as appraisers, lawyers, or insurance agents as needed.
· Managing relationships with lenders and other partners in the lending process.