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The Loan Officer I is responsible for approving complex loans and supporting credit team with structuring and pricing simpler loans. Oversees lending activity for a market vertical and/or geographic area. Being a Loan Officer I requires a bachelor's degree of finance or related field. Assess risk and ensures adherence to bank credit policies and procedures. In addition, Loan Officer I typically reports to top management. Loan Officer I is a specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. Working as a Loan Officer I typically requires 7+ years of related experience.
Loan Processor I performs administrative tasks for loan processing. Collects and prepares necessary information required by each loan type and purpose to process and complete loan files. Being a Loan Processor I verifies all documentation for accuracy and completeness. Tracks and monitors due dates. Additionally, Loan Processor I ensures all documents are prepared and finalized in compliance with regulatory policies and procedures. Inputs and maintains all required transaction and processing records according to procedures. Responds to inquiries. Prepares required regulatory reporting. Requires a high school diploma. Typically reports to a supervisor. The Loan Processor I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.
Consumer Loan Officer I develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer I evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer I maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer I works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience.