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Job Summary:
We are seeking a detail-oriented and organized individual to join our team as a Loan Assistant. The Loan Assistant will provide support to loan officers and assist with various tasks related to loan origination, underwriting, and mortgage servicing. This is an excellent opportunity for someone interested in the financial services industry and looking to gain experience in loan operations.
This position will start at $16/hour.
Responsibilities:
- Assist loan officers with the loan application process, including gathering necessary documentation from borrowers
- Review loan files for completeness and accuracy
- Prepare loan documents and ensure compliance with regulatory requirements, such as TILA (Truth in Lending Act)
- Coordinate with escrow companies, title companies, and other third parties involved in the loan process
- Perform basic math calculations to verify loan amounts, interest rates, and repayment terms
- Conduct credit analysis and assist with underwriting activities
- Maintain accurate records of loan transactions and update customer information in the bank's database
- Provide exceptional customer service by addressing inquiries and resolving issues in a timely manner
Qualifications:
- High school diploma or equivalent; additional education or training in finance or related field is a plus
- Previous experience in a financial institution or mortgage company, loan processing experience is a plus
- Strong attention to detail and ability to work with numbers accurately
- Excellent organizational skills and ability to prioritize tasks effectively
- Proficient computer, including knowledge of MS Office Suite
- Strong communication skills, both verbal and written, to interact with customers and internal stakeholders
Job Type: Full-time
Pay: From $16.00 per hour
Schedule:
Ability to Relocate:
Work Location: In person
Full Time
$40k-50k (estimate)
05/07/2024
09/03/2024
cherokeetemps.com
Muskogee, OK
<25
The job skills required for Loan Assistant include Customer Service, Communication Skills, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Assistant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Assistant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Assistant positions, which can be used as a reference in future career path planning. As a Loan Assistant, it can be promoted into senior positions as a Top Branch Administration Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Assistant. You can explore the career advancement for a Loan Assistant below and select your interested title to get hiring information.
If you are interested in becoming a Loan Assistant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Assistant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Assistant job description and responsibilities
Setting up commercial loan files, responsible for maintaining department files in an accurate and efficient manner.
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Order required due diligence items (i.e. Appraisals, Environmental Reports, Property Inspections, Flood Searches and UCC searches)
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Prepare and review internal documentation for loan closings as needed.
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Works with third-party professionals (attorneys, appraisers, inspectors, etc.) in order to close loans in conformity with approved terms and conditions.
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Reviews all loan documents prior to closing to ensure that they will cover the intended collateral and documentation of the borrower’s and guarantor’s obligations to the bank.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Loan Assistant jobs
Remain current on all pertinent consumer/agricultural lending and other financial institution-related laws and regulations.
03/08/2022: Kansas City, KS
Cover phone calls and customer meetings as necessary and keep manager informed of all activities within department.
04/02/2022: Mcallen, TX
Actively participate in training programs to maintain and acquire additional job knowledge and skills.
03/05/2022: Wichita Falls, TX
Update collateral values, as needed, on commercial and residential real estate loans.
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Balance and maintain residential and commercial real estate construction loan file.
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Step 3: View the best colleges and universities for Loan Assistant.