Loan counselor vs finance aid officer

Differences between loan counselor and finance aid officer duties and responsibilities

Loan counselor example responsibilities.

• Manage portfolio of GSE assets that are actively pursuing liquidation or retention options to cure default.
• Experience in SBA underwriting that has produce SBA loan approval.
• Perform account reviews to ensure associates perform logical progressions of collection efforts and maintain FDCPA guidelines.
• Provide early delinquency counseling to CalHFA customers who have conventional or FHA type of loans.
• Exercise servicing standards put in place by the FHA, VA, USDA and other private labels.
• Resolve accounts using effective negotiating tools and appropriate system documentation in accordance with FDCPA and company's guidelines.
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Finance aid officer example responsibilities.

• Manage project for the development and implementation of a university-wide scholarship database, STAARS.
• Update CampusVue portal with detail notes concerning briefings, issue students thumb drive and review financial aid documentation in detail.
• Assist students and parents in the financial aid application procedure, process and prepare all student-funding requests using CampusVue software.
• Review and evaluate ISIR information to ensure accurate financial aid processing.
• Coordinate with the appropriate campus personnel to ensure accurate and timely disbursement of scholarship and federal work-study disbursements.
• Verify loan periods, order quarterly loans and check NSLDS on eligibility for students.
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