Loan Processor Career

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

Loan Origination

Credit Analysis

Underwriting

Documentation and Compliance

Customer Service

Communication Skills

Attention to Detail

Problem-Solving

Time Management

Knowledge of Lending Regulations

Communication, teamwork, and critical thinking to ensure seamless project execution.

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

Task

95%

Verify loan application information for accuracy and completeness, crucial for compliance.

92%

Analyze applicant's credit history and financial statements to assess creditworthiness.

90%

Calculate debt-to-income ratio and loan-to-value ratio to determine repayment ability.

88%

Communicate with applicants to gather additional documentation or clarify information.

85%

Evaluate property appraisal reports to ensure the property value supports the loan.

82%

Prepare loan files for underwriting review, ensuring all documents are organized.

80%

Ensure compliance with lending regulations and internal policies during processing.

78%

Resolve any discrepancies or issues that arise during the loan processing.

75%

Update loan processing systems with accurate and timely information.

72%

Collaborate with underwriters, loan officers, and other stakeholders to facilitate loan approval.

70%

Maintain knowledge of current loan products and lending guidelines in India.

68%

Assist in preparing loan closing documents and coordinating the closing process.

Work Activities

Detailed Work Profile

Interests