Loans Consultant Job Description Template
The Loans Consultant is responsible for providing expert guidance to customers on all loan products offered by the company. They will be responsible for assessing customer needs and recommending the best loan product to suit their circumstances. The Loans Consultant will also provide support during the application process and ensure that customers are kept updated throughout. They will liaise with internal and external stakeholders to ensure that loans are processed smoothly and efficiently.
Loans Consultant Job Responsibilities
- Advise potential borrowers on the types of loans available and the best options for their needs
- Analyze financial information to determine eligibility for loans and terms of repayment
- Prepare loan applications and documentation for approval
- Work with lenders to get loan applications approved
- Assist borrowers in securing financing by shopping around for the best rates and terms
- Help borrowers understand the loan process and their rights and responsibilities
- Keep abreast of changes in lending regulations
Objectives
- To provide loans consulting services to clients in order to help them secure the financing they need.
- To work with clients to determine their eligibility for various types of loans and to find the best loan products for their needs.
- To educate clients on the different types of loans available and how each one works, so that they can make an informed decision about which loan is right for them.
- To stay upto-date on changes in the lending industry and new loan products that may be available to clients, so that we can offer them the most up-to-date advice possible.
- To provide excellent customer service to all our clients, from initial consultation through to loan closing and beyond.
Loans Consultant Job Skills & Qualifications Needed
- A loans consultant typically needs a high school diploma or equivalent, although some employers may prefer candidates who have completed postsecondary coursework in business administration or finance. In addition to formal education, loans consultants must be able to demonstrate strong interpersonal and communication skills, as well as mathematical aptitude and computer proficiency.