The average pay for a Loan Assistant, Commercial with Customer Service skills is $17.27 per hour.
The average pay for a Loan Assistant, Commercial with Customer Service skills is $46,500 per year.
|Hourly Rate||$12.30 - $22.58|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$26,292 - $59,180|
Job Description for Loan Assistant, Commercial
Commercial loan assistants work under the guidance of loan officers and organize commercial loan application portfolios. They are typically present from loan origination to closing to gather all necessary forms and documents and follow up with clients to obtain further documentation, and they may verify, authenticate, and process these loan documents. They may also work to obtain exceptions when appropriate from both inside and outside parties.Read More...
Customer service skills are necessary in this position to meet with clients on the loan officer’s behalf, and they must help to determine that a loan complies with all necessary regulations. They also have various administrative tasks such as file-organizing, correspondence, and data entry, so strong computer skills, typing skills, and the ability to use word processing, spreadsheet, and database software are necessary in this position.
Some employers require commercial loan assistants to have prior experience in loan handling or banking, while others provide on-the-job training. Strong verbal and written communication skills are important in this position, as are the abilities to multitask and meet deadlines, and work is usually carried out in a banking or office environment. This position can be a stepping stone to becoming a commercial loan officer, and a high school diploma may be a minimum requirement while some employers also require college education. (Copyright 2019 PayScale.com)
- Document client interactions and accurately capture data using company loan processing systems.
- Ensure compliance with all federal and local rules, laws, and regulations.
- Ensure loan guidelines are followed and loans are underwritten properly in accordance with all company procedures.
- Educate clients and assist them through the loan process.
Loan Assistant, Commercial Job Listings
Key Stats for Loan Assistant, Commercial
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