Loan Officer (225-729)

A Loan Officer plays a critical role in helping clients find and acquire financing for various personal and business needs, such as purchasing homes, financing education, or expanding businesses. Equipped with strong analytical and interpersonal skills, Loan Officers evaluate, authorize, or recommend approval of loan applications for people and businesses. They act as an intermediary between potential borrowers and a variety of lenders to help clients secure the best possible loan terms. The position requires staying up-to-date with lending laws, economic changes, and financial regulations to ensure compliance and make informed decisions. Successful Loan Officers possess the ability to build rapport with clients, comprehend market conditions, and offer tailored financing solutions that meet each client's unique financial situation.

Responsibilities

• Evaluate client loan applications by analyzing financial information and credit history.
• Build strong, lasting relationships with potential and existing clients and lenders.
• Guide clients through the loan application process and explain loan terms and conditions.
• Assess clients’ financial situation to help find suitable loan types and terms.
• Offer loan programs tailored to meet clients’ individual needs and financial capacity.
• Ensure compliance with banking regulations and adhere to lending guidelines and laws.
• Prepare, analyze, and verify loan documentation for accuracy and completeness.
• Maintain a detailed knowledge of industry trends, loan products, and financial services.
• Communicate with credit officers to respond promptly to customer loan requests.
• Assist in resolving client queries and provide follow-up on outstanding loan applications.
• Monitor market conditions and adopt strategies to remain competitive in the lending industry.
• Coordinate with internal departments to streamline the loan processing workflow.

Requirements

• Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
• Proven experience in a financial institution as a loan officer or similar role.
• Strong knowledge of local, state, and federal lending and banking regulations.
• Excellent communication and interpersonal skills to interact effectively with clients.
• Proficient in analyzing financial data and preparing detailed financial reports.
• Strong decision-making skills with the ability to provide strategic financial advice.
• Familiarity with financial software and tools for loan origination and processing.