Loan Officer Job Description

A loan officer is a person employed by a bank or other financial institution who offers and negotiates financial loans.

Loan officers also assemble financial packages for consumers who wish to apply for loans.

Loan officers typically hold bachelor’s degrees in business, finance, or economics, but nowadays many employers prefer applicants with master’s degrees.

Job Brief:

We’re looking for Loan Officer to join our team and help us provide our clients with the best possible service. As a Loan Officer, you will be responsible for evaluating and approving loan applications, as well as maintaining and developing relationships with our clients. If you are a motivated individual with excellent communication and customer service skills, we want to hear from you!

Loan Officer Duties:

• Develop, implement, and maintain loan sales department policies and procedures
• Work closely with senior management to develop marketing plans
• Develop, implement, and maintain pricing strategies
• Research, review, and negotiate loan terms
• Develop loan package presentations
• Communicate loan terms and conditions to borrowers
• Work with borrowers on credit applications, pre-qualifications, and loan applications
• Maintain credit files of all borrowers

Loan Officer Responsibilities:

• Liaise with clients to sell loans by explaining products, terms, and conditions. Gather required documentation and make credit decisions
• Research, analyze, and interpret financial data to complete applications and price quotes
• Analyze financial information, identify financial strengths and weaknesses, and recommend loans or products to meet clients’ needs
• Maintain records of loans and clients and update records according to regulations
• Maintain confidentiality of clients’ information and use it only for client-related purposes

Requirements And Skills:

• Bachelor’s degree
• 2+ years of experience in a financial services environment including lending
• Excellent communication & negotiation skills
• Strong knowledge of financial products, markets, and industry regulations
• Ability to manage successful relationships with customers, peers, and business partners

[Company Name] is an equal opportunity employer and we’re committed to building a diverse and inclusive team. We encourage applications from people of all races, religions, nationalities, genders, and ages, as well as veterans and individuals with disabilities.