Loan Assistant Job Description

Loan Assistant Job Description

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196 votes for Loan Assistant
Loan assistant provides support and training for the lending staff and central loan operations that must understand Federal regulations.

Loan Assistant Duties & Responsibilities

To write an effective loan assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included loan assistant job description templates that you can modify and use.

Sample responsibilities for this position include:

Perform highly skilled administrative functions that support the workflow of the commercial lending office and to ensure that customer satisfaction is met
Prepare and answer routine to complex correspondence, assist with customer advances, answer billing questions and address other customer issues
Answer phone, greet visitors, plan schedule and coordinate appointments, meetings, seminars, and other events
Process department bill payments
Set-up and maintain files for active, closed, prospect and turndown customers
Generate and process memos, letters, and reports
Maintain and update financial tracking information
Research borrower, guarantor, and collateral information
Paid Files
Due Diligence Searches

Loan Assistant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Loan Assistant

List any licenses or certifications required by the position: UCC, CPL, VOE, ELM, NSLDS, CPR, NMLS, HOA

Education for Loan Assistant

Typically a job would require a certain level of education.

Employers hiring for the loan assistant job most commonly would prefer for their future employee to have a relevant degree such as High School and Bachelor's Degree in Education, Finance, Accounting, Management, Business/Administration, Sociology, Agriculture, Statistics, Law, Mathematics

Skills for Loan Assistant

Desired skills for loan assistant include:

General computer applications
Spreadsheets
Standard office equipment
Ten-key
Word processing
Banking products and services
Compliance with federal and state regulations pertaining to the banking industry
Lending processes
Lending products and services
Loan principles

Desired experience for loan assistant includes:

Work closely with Treasury and the Commercial Officer regarding depository products for customers (gather documents necessary to open, all on-going maintenance, & close accounts
Previous experience with loan documentation software (LaserPro)
Tracking UCCs
Gap analysis and scanning documents to FileNet
Creating/maintaining collateral files
Archiving of old files

Loan Assistant Examples

1

Loan Assistant Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of loan assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for loan assistant
  • Receiving all title commitments and forwards same to Liput Law for review
  • Marking Title as "In" in Encompass marks date sent to Liput Law and date review received back
  • Uploading all title documents in the correct buckets within Encompass
  • Following up daily with title companies and/or Settlement Agents to obtain the necessary documents to clear title and forwarding documents to Liput Law for their clearance of title
  • Obtaining Verbal Verifications of Employment when needed
  • Editing file contacts in Encompass, as necessary
  • Ensures accurate documentation is prepared for each loan prior to closing
  • Prepares loan packages to be sent to centralized loan operations department for booking and document review
  • Contact tax office for real estate and sewer payment status
  • Assists Commercial Bankers in compiling necessary information and other documentation for loan requests
Qualifications for loan assistant
  • College Degree and/or prior mortgage experience
  • Must have a moderate level of knowledge on loan documentation
  • Must have a moderate level of multi-line phone systems
  • Intermediate to computer proficiency skills with MS Office, Excel
  • Minimum 1 year of general banking operations experience required
  • Light experience and interest in mortgage and real estate industry is a plus but not required
2

Loan Assistant Job Description

Job Description Example
Our company is hiring for a loan assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for loan assistant
  • Prepares checks/wires for disbursement at closing
  • Manages draw requests and payments, calculates percentages of loan draws and maintains draw files with remaining loan balances for construction loans
  • Assists Commercial Bankers in monitoring customer NSFs and clearing insurance and other exceptions to file
  • Researches and responds to routine inquiries and requests as needed
  • Prepares customer correspondence as necessary
  • Provides customer support for remote deposit capture and opens checking accounts as needed
  • Posts payments or other transactions through ticket preparation or online entry
  • Assists with the management of the loan portfolio as needed, including monitoring pending maturities
  • Perform loan accounting functions using multiple loan systems Automated Financial Systems (AFS)
  • Assist the Loan Operations Specialist with workload that may include research and other functions
Qualifications for loan assistant
  • Exposure to NMLS is ideal, though company will sponsor for licensing in the future if not current
  • MUST be a customer service superstar who thrives in a fast-paced high energy environment
  • High school diploma or equivalent required, some college courses, along with a minimum of one year total experience in Mortgage lending related role(s) preferred
  • Some knowledge of mortgage lending policies, procedures, and regulations is helpful
  • Must have at least two (2) years clerical, administrative support, or related experience
  • Some mortgage experience preferred
3

Loan Assistant Job Description

Job Description Example
Our innovative and growing company is hiring for a loan assistant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loan assistant
  • Liaising with clients and Solicitors regarding the progress of the case
  • Ensuring all parties comply with the terms of their agreements
  • Requesting settlement terms and ensuring there is a clear route to repayment of the loan
  • Chasing borrowers and solicitors for case updates for all loans
  • Ensuring all parties are complying with the terms of their agreements
  • Diarise key court/trial dates to promptly return to client and solicitor for outcome
  • Record and log all calls/letters sent on the client Loan Notes on the system
  • Record all case statuses for all clients on the IT system
  • Review all your client’s drawdown requests and supply the Loan Management Manager with a case update and recommendation if the draw down should be approved
  • Understand consumer credit act default and termination procedure
Qualifications for loan assistant
  • Must possess a working knowledge of personal computers to include MS Word, Excel and Internet
  • Must have working knowledge of general office equipment such as multi-line phone systems
  • Must have strong verbal communication skills in talking with Members regarding the loan process
  • Must have excellent interpersonal, organizational, customer service, and telephone etiquette skills
  • Must be able to type at least 60 WPM accurately
  • Must be able to sit for long periods of time entering, updating, and/or validating information manually or on a computer
4

Loan Assistant Job Description

Job Description Example
Our company is growing rapidly and is looking for a loan assistant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan assistant
  • Liaise with the Application team for client extensions and if clients change solicitor
  • Liaise with Credit Controller when client repayments are expected to arrive
  • Confidently answer phones and taking messages for the team
  • Take responsibility to identify and implement system improvements
  • Processing and shipping incoming and outgoing books within the Orbis Cascade Alliance
  • Troubleshooting and contacting libraries to deal with problems as needed
  • Processing and shipping interlibrary lending materials
  • Searching standard print and online sources to verify bibliographic information
  • Using ILL management databases to order and process borrowing and document delivery requests
  • Answering questions from library users
Qualifications for loan assistant
  • Effective time and resource management
  • The right candidates should have strong computer skills, along with excellent typing and 10 key skills
  • The ability to follow direction and have a high attention to detail
  • Assisting with departmental projects in Special Collections and Archives during summer and school breaks, including collection and book shifting, weeding, filing, shelving, and storage area cleaning
  • Instructing users in the use of library systems and equipment
  • Providing general information on the use of library facilities and services
5

Loan Assistant Job Description

Job Description Example
Our company is looking to fill the role of loan assistant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan assistant
  • Process PAC, lockbox and wires on a daily basis
  • Generate late payment notices and delinquency reports
  • Maintain loan files, letters of credit and electronic files
  • File necessary paperwork
  • Obtains, monitors the receipt of, and reviews all final title policies and recorded mortgages
  • Collects and sends final loan documentation to servicer after loan is purchased
  • Monitor investor final document reporting
  • Prepare collateral files to send to document custodian
  • Assist in loan delivery to agencies
  • Performs various administrative tasks including typing, filing and copying
Qualifications for loan assistant
  • Some knowledge of supervisory practices
  • Ability to be flexible, detail-oriented, and work both independently and as a team member
  • Experience with filing alphabetically, numerically, or chronologically
  • Work experience in an academic library public services area
  • Work experience in an interlibrary loan unit
  • Proficiency with computer systems and library databases

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