As a Credit Administrator, your primary responsibilities are to analyse a loan applicants credit score to determine their credit risk and ability to pay back the loan managing. The role also requires a high degree of interpersonal skills to get resolution on time within tight deadlines, anticipation of issues from changes in process or regulations.
Roles & Responsibilities:
- Processes approved commercial and consumer loan applications using automated loan document preparation software.
- Selects appropriate Title Company, surveyors, appraisers, and other vendors, as needed, and requested by lenders to acquire need vendor services.
- Prepares loan documents and closing instruction letters as appropriate.
- Transmits loan document packages to the lenders.
- Prepares commercial and SBA loan documents as requested by commercial lenders.
- Provides back up support for other Team or group positions.
- Willingly participates in all assigned duties and responsibilities.
- Assemble and/or amend loan documents utilizing Laser Pro.
- Resolve discrepancies in loan documentation.
- Perform other varied duties as assigned.
- Verify lending compliance issues and regulations.
- Report HMDA information.
- Applies some advanced skills to the position within assigned functional area. May adapt procedures, processes, and techniques to meet the more complex requirements of the position.
- Required to provide borrower with initial good faith estimate at time of application and to provide.
all necessary disclosures for borrower and lender. - Responsible for the confidentiality of financial data contained within loan files. Protects the confidentiality of all financial data relating to financial institution operations and customers.
- Maintains company policies and underwriting guidelines.
- Provides administrative assistance to the loan officer and staff, including updating loan data into the financial institution s computers, and assembling of documentation for customer loans.
- Ensures that loan files contain documents with proper signature, dates, and other relevant data.
- Assembles and verifies accuracy of loan documentation.
- Checks documents for proper vesting, legal descriptions, closing dates and signatures.
- Maintains new paid consumer loan files. Performs variety of clerical duties requiring knowledge.
- Answers telephone inquiries and written inquiries concerning loan processing and information.
Education Qualification:
Graduation: Any Graduate
Post-graduation: MBA / PGDM
Experience: 5 to 10 Years of experience in Credit Administration.
