Loan assistant job description
Updated March 14, 2024
7 min read
A loan assistant is responsible for providing help to senior members of the team with various tasks. Their duties include preparing appropriate loan documentation, answering customers' inquiries, updating databases, and preparing reports.
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Example loan assistant requirements on a job description
Loan assistant requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in loan assistant job postings.
Sample loan assistant requirements
- Bachelor's degree in finance or related field
- Proficiency in Microsoft Office and financial software
- Familiarity with loan documentation and regulations
- Ability to analyze financial statements and credit reports
- Excellent communication and interpersonal skills
Sample required loan assistant soft skills
- Attention to detail and accuracy
- Ability to work independently and as part of a team
- Strong organizational and time-management skills
- Customer service orientation
- Problem-solving and critical thinking skills
Loan assistant job description example 1
Texas Bank and Trust loan assistant job description
We are currently seeking an experienced Bilingual Mortgage Loan Assistant to join our team at our Fort Worth, TX location.
The Mortgage Loan Assistant position includes assisting the Mortgage Loan Officer and Production team with the origination of mortgage loans through sales assistance, loan coordination, document collection and customer service. This position is fast paced, deadline driven, and offers a variety of tasks throughout the day.
Job Duties and Responsibilities:
Assist Mortgage Loan Officer during application process. Assist Mortgage Loan Officer in scheduling appointments and follow up appointments with prospective client(s) and/or real estate agents. Contact prospective borrowers and follow up with any missing necessary documents needed for pre-qualification process. Assist Mortgage Loan Officer with sales presentations, marketing and any office functions and activities Assist Mortgage Loan Officer in building relationships with the real estate agents, builders, etc. Keep pre-qualification files organized throughout the process. Assist Mortgage LO/LP in the initial set-up stage of all mortgage loans Load mortgage loan information into LOS as requested by LO/LP Maintain consistent follow up and communication with real estate agents and borrowers as requested by LO/LP on loan status. Assist Mortgage LO/LP in ordering and/or follow up for credit report, loan verifications, and title work, as requested. Hold weekly file status review with LO / LP as needed. Performs other duties as assigned.
Job Requirements
Education and Experience:
High School Diploma Experience in Database Software, Spreadsheet Software, and Word Processing Software Fully bilingual in English/Spanish Required
Required Abilities and Skills:
Excellent verbal and written communications skills Analytical and demonstrates attention to detail Problem Solving - works well in group solving situations Proficiency in Microsoft Office Applications
Compensation and Benefits:
Competitive market-based salary, commensurate with experience and education Comprehensive benefits package available
We are an Equal Opportunity Employer
Please no phone calls or agency submissions!
The Mortgage Loan Assistant position includes assisting the Mortgage Loan Officer and Production team with the origination of mortgage loans through sales assistance, loan coordination, document collection and customer service. This position is fast paced, deadline driven, and offers a variety of tasks throughout the day.
Job Duties and Responsibilities:
Assist Mortgage Loan Officer during application process. Assist Mortgage Loan Officer in scheduling appointments and follow up appointments with prospective client(s) and/or real estate agents. Contact prospective borrowers and follow up with any missing necessary documents needed for pre-qualification process. Assist Mortgage Loan Officer with sales presentations, marketing and any office functions and activities Assist Mortgage Loan Officer in building relationships with the real estate agents, builders, etc. Keep pre-qualification files organized throughout the process. Assist Mortgage LO/LP in the initial set-up stage of all mortgage loans Load mortgage loan information into LOS as requested by LO/LP Maintain consistent follow up and communication with real estate agents and borrowers as requested by LO/LP on loan status. Assist Mortgage LO/LP in ordering and/or follow up for credit report, loan verifications, and title work, as requested. Hold weekly file status review with LO / LP as needed. Performs other duties as assigned.
Job Requirements
Education and Experience:
High School Diploma Experience in Database Software, Spreadsheet Software, and Word Processing Software Fully bilingual in English/Spanish Required
Required Abilities and Skills:
Excellent verbal and written communications skills Analytical and demonstrates attention to detail Problem Solving - works well in group solving situations Proficiency in Microsoft Office Applications
Compensation and Benefits:
Competitive market-based salary, commensurate with experience and education Comprehensive benefits package available
We are an Equal Opportunity Employer
Please no phone calls or agency submissions!
Post a job for free, promote it for a fee
Loan assistant job description example 2
CCBFinancial loan assistant job description
Job Function: Responsibilities include providing administrative support for assigned Lender(s) as required. Loan administrative duties primarily include interacting with loan administration staff, commercial lending officer(s) and customer by playing a key role in closing new business with an emphasis in loan production and ongoing loan documentation support and maintenance.
Essential Duties and Responsibilities:
* Assist in preparation of loan and sales proposals.
* Spread Financial Statements - correctly analyze and monitor financial information as required.
* Work with loan officers and loan administration to maintain loan files through all phases of the lending process.
* Provide general support by producing documentation, correspondence, handle customer inquiries and assist in problem solving.
* Order appropriate insurance, title commitments, coordinate appraisal orders and evaluations as required.
* Maintain assigned loan portfolio by making collection calls as required.
* Assist in the development of new relationships not limited to loans by working through entire new business closing/boarding process.
* Provide day-to-day Treasury Management services as required.
* Sell additional products and services to customers. Promote the Bank's services, placing the prospect/customer in contact with the appropriate Bank personnel and follow through to determine results.
* Assist with the day-to-day operations at assigned banking center as needed, such as answering phones, directing traffic, attending to customer service needs and taking messages for loan staff.
* Willing to accept other tasks as assigned by supervisor or other members of management.
* Attends work regularly and consistently to ensure appropriate staffing needs are met in the department and the organization, and needs are met in a timely fashion
* Other tasks as assigned from time to time by supervisor or other member of management
Job Qualifications/ Required Skills and Abilities:
* Minimum of three years of experience as a Loan Assistant in a financial institution lending department
* Knowledge of lending policies and procedures is essential.
* Superior written and verbal communication skills
* Ability to create and edit documents using "Windows" software such as Excel, Word, Outlook and other applicable software, as well as working knowledge of network data system.
* Exhibit and maintain high degree of professionalism, confidentiality and integrity.
* Ability to communicate effectively and professionally at all levels of the organization.
* Attentive to detail with excellent follow through and time management skills.
* Must possess a "can do" customer-service attitude/philosophy that meets and exceeds bank standards.
* The person in this position will have a very good understanding of other product offerings of the bank that have consumer applications, including Trust, Investments and Mortgage Lending.
* To perform all job duties and maintain compliance with all banking acts, laws and regulations applicable to your job function.
Essential Duties and Responsibilities:
* Assist in preparation of loan and sales proposals.
* Spread Financial Statements - correctly analyze and monitor financial information as required.
* Work with loan officers and loan administration to maintain loan files through all phases of the lending process.
* Provide general support by producing documentation, correspondence, handle customer inquiries and assist in problem solving.
* Order appropriate insurance, title commitments, coordinate appraisal orders and evaluations as required.
* Maintain assigned loan portfolio by making collection calls as required.
* Assist in the development of new relationships not limited to loans by working through entire new business closing/boarding process.
* Provide day-to-day Treasury Management services as required.
* Sell additional products and services to customers. Promote the Bank's services, placing the prospect/customer in contact with the appropriate Bank personnel and follow through to determine results.
* Assist with the day-to-day operations at assigned banking center as needed, such as answering phones, directing traffic, attending to customer service needs and taking messages for loan staff.
* Willing to accept other tasks as assigned by supervisor or other members of management.
* Attends work regularly and consistently to ensure appropriate staffing needs are met in the department and the organization, and needs are met in a timely fashion
* Other tasks as assigned from time to time by supervisor or other member of management
Job Qualifications/ Required Skills and Abilities:
* Minimum of three years of experience as a Loan Assistant in a financial institution lending department
* Knowledge of lending policies and procedures is essential.
* Superior written and verbal communication skills
* Ability to create and edit documents using "Windows" software such as Excel, Word, Outlook and other applicable software, as well as working knowledge of network data system.
* Exhibit and maintain high degree of professionalism, confidentiality and integrity.
* Ability to communicate effectively and professionally at all levels of the organization.
* Attentive to detail with excellent follow through and time management skills.
* Must possess a "can do" customer-service attitude/philosophy that meets and exceeds bank standards.
* The person in this position will have a very good understanding of other product offerings of the bank that have consumer applications, including Trust, Investments and Mortgage Lending.
* To perform all job duties and maintain compliance with all banking acts, laws and regulations applicable to your job function.
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Loan assistant job description example 3
D.R. Horton loan assistant job description
Loan Originator Assistant Unlicensed - 2204826 Description D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.D.R. Horton, Inc. is currently looking for a Loan Originator Assistant - Unlicensed for their Financial Services Branch. The right candidate will support the Mortgage Loan Originator (MLO) so that the MLO can focus on producing more volume and provide a higher level of customer service.
Essential Duties and Responsibilities
Communicate with parties to the transaction to update them on loan status
Track outstanding applications and loan documents and call customers to follow up on those documents.
Scheduling appointments for the MLO
Assist the MLO in converting prequalification to applications in the LOS. This is strictly handling the administrative side of setting up the electronic loan package. The MLO should select product, loan terms, etc. and it should be in the MLO's name in the LOS.
Assist MLO in preparing loan application documentation to submit to processing.
Assist MLO in returning phone calls when appropriate. Only basic status updates or requests for information may be made. LOA - Unlicensed is prohibited from communicating or negotiating loan terms, rates, etc. to a consumer.
Monitor pipeline reports daily for status of applications and communicate with processors weekly/daily to make sure all loans are moving through the approval process
Occasionally provide initial “set up” of the file. i.e., order appraisal, title, verifications etc.
Other duties may be assigned.
IMPORTANT NOTE:
Unlicensed Loan Originator Assistants - are prohibited from originating loan applications or communicating loan terms to the customer. If a customer requests information specific to Loan Origination, they are to be immediately referred to a licensed individual. Qualifications Education and/or Experience
High school diploma or general education degree (GED); or six months to one year related experience and/or training; or equivalent combination of education and experience.
Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including vision, medical and dental. Build YOUR future with D.R. Horton, America's Builder.
Come follow our newest Open Jobs on Twitter and like us on Facebook! Job: Financial Services Primary Location: TX-San Antonio Organization: Mortgage Schedule: Full-time Job Posting: Jul 29, 2022, 8:15:47 PM
Essential Duties and Responsibilities
Communicate with parties to the transaction to update them on loan status
Track outstanding applications and loan documents and call customers to follow up on those documents.
Scheduling appointments for the MLO
Assist the MLO in converting prequalification to applications in the LOS. This is strictly handling the administrative side of setting up the electronic loan package. The MLO should select product, loan terms, etc. and it should be in the MLO's name in the LOS.
Assist MLO in preparing loan application documentation to submit to processing.
Assist MLO in returning phone calls when appropriate. Only basic status updates or requests for information may be made. LOA - Unlicensed is prohibited from communicating or negotiating loan terms, rates, etc. to a consumer.
Monitor pipeline reports daily for status of applications and communicate with processors weekly/daily to make sure all loans are moving through the approval process
Occasionally provide initial “set up” of the file. i.e., order appraisal, title, verifications etc.
Other duties may be assigned.
IMPORTANT NOTE:
Unlicensed Loan Originator Assistants - are prohibited from originating loan applications or communicating loan terms to the customer. If a customer requests information specific to Loan Origination, they are to be immediately referred to a licensed individual. Qualifications Education and/or Experience
High school diploma or general education degree (GED); or six months to one year related experience and/or training; or equivalent combination of education and experience.
Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including vision, medical and dental. Build YOUR future with D.R. Horton, America's Builder.
Come follow our newest Open Jobs on Twitter and like us on Facebook! Job: Financial Services Primary Location: TX-San Antonio Organization: Mortgage Schedule: Full-time Job Posting: Jul 29, 2022, 8:15:47 PM
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Updated March 14, 2024
Updated March 14, 2024