Loan Specialist Responsibilities and Duties

Establish loan files manually and electronically and order all exhibits soon after file is received.

Ensure to deposit fees of loan application and order appraisals as defined by manager.

Report manager weekly about distribution to apt divisions and corporate office.

Develop and oversee loan disbursements, documents and reports along with obtain credit and financial information as required.

Prepare closing, develop closure instructions, supervise contingencies and verify lock information.

Collect credit and varied documents from customer as well as third parties required to support decision of loan approval.

Head responsibility for loan processing.

Ensure loans are processed as per established company procedures and policies.

Review title binder along with closure documents for correctness.

Prepare and present note along with preliminary closure documents to respective warehouse.

Transfer loan files to corporate office under direction of supervisor.

Present any problem largely affecting decision to Unit Supervisor.

Process, close, present, service and record loan related notes and disbursements etc.

Provide administrative as well as operational support for one or more loan areas.

Prepare draft of loan presentations and ensure to clear all determined loan exceptions.

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