Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
<ul><li>Verify and examine information and accuracy of loan application and closing documents.</li><li>Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.</li><li>Record applications for loan and credit, loan information, and disbursements of funds, using computers.</li><li>Submit loan applications with recommendation for underwriting approval.</li><li>Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.</li><li>Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.</li><li>File and maintain loan records.</li><li>Interview loan applicants to obtain personal and financial data and to assist in completing applications.</li><li>Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.</li><li>Check value of customer collateral to be held as loan security.</li><li>Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.</li><li>Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.</li><li>Answer questions and advise customers regarding loans and transactions.</li><li>Present loan and repayment schedules to customers.</li></ul>