Loan Administrator
| Job Overview |
Loan Administrators extensively research potential clients to determine their eligibility for a loan. They develop and organize loan applicant information for review and analysis by loan officers and input pertinent loan data into a credit delivery system. Loan Administrators perform a variety of loan-related tasks, including preparing loan closing documents, recording new loans, establishing relevant files, processing loan payments, maintaining a variety of loan records, and obtaining credit information. They also assist in maintaining and monitoring any loan requirements and oversee reporting. Loan Administrators work together with clients to answer questions and provide information regarding the loan process.
Loan Administrators typically are required to have a Bachelor’s degree in Finance or Economics. A background in the lending process is strongly preferred. Loan Administrators must possess proficiency in Microsoft Office Suite.