Consumer Loan Clerk Job in Moorestown 08057, New Jersey Us
Job Purpose:
Provides consumer loans by explaining and selling financial products; verifying loan application information; processing loans; adhering to legal requirements and institution policy.
Duties:
* Attracts consumer loan clients by greeting walk-ins; identifying potential client's credit needs.
* Explains consumer loan products by reviewing loan plans, provisions, requirements, and alternatives; answering questions.
* Obtains consumer loan application by scheduling client interviews; interviewing clients; reviewing loan applications; clarifying or obtaining additional information.
* Verifies loan application information by ordering credit, employment, and earnings reports; contacting verification sources.
* Identifies loan application and documentation problems by reviewing loan guidelines; calculating risks, such as, debt to income ratios and loan to value ratios; highlighting deficiencies; conferring with consumer loan underwriters; accepting or rejecting loan applications.
* Completes loans by scheduling and conducting loan closings.
* Keeps loan information accessible by organizing and filing documents.
* Maintains client confidence by keeping loan information confidential; adhering to federal and state legal requirements, and institution policies and internal control procedures.
* Cross-sells financial products by examining client's financial situation; identifying and matching potential products and services; explaining and selling benefits.
* Processes loan defaults by conferring with clients; working out payment plans; initiating repossessions and forfeitures.
* Updates job knowledge by participating in educational opportunities; maintaining personal networks.
* Accomplishes bank goals by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments.
Skills/Qualifications:
Financial Skills, Financial Software, Documentation Skills, Data Entry Skills, General Math Skills, Analyzing Information, Verbal Communication, Informing Others, Customer Focus, Financial Diagnosis