Loan Service Representative (LSR) - HRH Search & Recruitment LLC
Miami, FL
About the Job
Loan Service Representative (LSR)
Location : Miami, FL
Job Type : Direct
Hours : Full Time
Required Years of Experience : 1-3 related experience and or training
Required Education : High School or Equivalent
Travel : No
Relocation : No
Job Industry : Banking - Financial Services
Job Category : Banking
Job Description :
A Loan Service Representative's responsibility will include reviewing, authorizing and recommending loans for approval. They meet with applicants to determine their creditworthiness before deciding whether or not they will offer them a personal or commercial loan. They go through each application individually, looking at what type/amounts an individual or business can afford based on specific principle and stay current with lending regulations, the economy and market rates.
Required Qualifications :
- Evaluate credit worthiness by processing loan applications and documentation within specified limits
- Interview applicants to determine financial eligibility and feasibility of granting loans
- Determine all applicable ratios and metrics and set up debt payment plans
- Communicate with clients either to request or to provide information
- Justify decisions (approvals/rejections) and report on them
- Complete loan contracts and counsel clients on policies and restrictions
- Update job knowledge on types of loans and other financial services
- Maintain and update account records
- Assess customer needs, explore all options and introduce different types of loans
- Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
- Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout theunderwriting process
- Οperate in compliance with laws and regulations and adhere to lending compliance guidelines
- Perform all other related duties as required
Source : HRH Search & Recruitment LLC