Loan Review Officer performs reviews of bank's loans to ensure compliance with established policies and standards. Reviews small- to mid-size loans. Being a Loan Review Officer may prepare and provide loan data to accounting. Requires a bachelor's degree. Additionally, Loan Review Officer typically reports to a manager or head of a unit/department. The Loan Review Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Review Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Position Summary
A Loan Officer is responsible for helping customers research loans and navigate the application, approval and closing process. Their duties include recommending commercial and personal loan options to clients and explaining their terms, determining risks for loaning to clients based on their credit and processing paperwork. They are specialists in evaluating the financial status of a loan applicant.
Essential Duties and Responsibilities
Minimum Qualifications (Knowledge, Skills, and Abilities)
· Typical skills needed in an office environment. These include computer skills, communication skills, as well as utilization of basic office equipment.
· Solid understanding of local, state, and federal loan regulations.
· In-depth knowledge of computers and banking software.
· Outstanding interpersonal and communication skills.
Job Type: Full-time
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Work Location: In person
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