What Do Loan Administrators Do?
There are many reasons individuals seek to procure loans, places one may go to find one, and different contexts in which loan processes are administered. Whatever the variables, most institutions which loan money typically employ a loan administrator to oversee the processes. Also known as a loan officer or a loan processor, these individuals are responsible for every aspect of the loan process, from meeting with prospective borrowers and hashing out terms to overseeing collection and processing…Read more
- Assess loan applications and credit reports.
- Maintain legal documentation and ensure accuracy.
- Develop and negotiate plans with borrowers.
- Answer questions and interview applicants.