Loan Manager

Key responsibilities

• Client and application management: Meet with clients to understand their borrowing needs, advise them on different loan products, and assist with the application process. 
• Financial analysis: Obtain, verify, and analyze applicants' financial information, such as credit history, income, assets, and debts, to assess their creditworthiness and ability to repay the loan. Also visit banks for approval process
• Loan evaluation and approval: Make recommendations for loan approval or denial based on the financial analysis and underwriting guidelines. 
• Compliance and documentation: Ensure all loan applications and processes comply with federal and state regulations. They also prepare and submit accurate loan files. 
• Collaboration: Work with underwriters, loan processors, and other departments to ensure applications are processed efficiently and accurately. 
• Closing and post-closing: Explain loan terms to borrowers, obtain necessary signatures, and ensure all paperwork is complete. 

Essential skills

• Strong interpersonal and communication skills to interact effectively with clients.
• Analytical and problem-solving skills to evaluate complex financial information.
• Knowledge of financial principles and lending regulations.
• Attention to detail to ensure accuracy in financial documents and applications.
• Sales skills for marketing loan products and building client relationships.