Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
- Review accounts to determine write-offs for collection agencies.
- Submit applications to credit analysts for verification and recommendation.
- Analyze potential loan markets to find opportunities to promote loans and financial services.
- Arrange for maintenance and liquidation of delinquent properties.
- Assist in selection of financial award candidates, using electronic databases to certify loan eligibility.
- Authorize and sign mail collection letters.
- Compare data on student aid applications with eligibility requirements of assistance programs.
- Confer with underwriters to resolve mortgage application problems.
- Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
- Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors.
- Counsel clients on personal and family financial problems, such as excessive spending and borrowing of funds.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Approve loans within specified limits.
- Calculate amount of debt and funds available in order to plan methods of payoff and to estimate time for debt liquidation.
- Check loan agreements to ensure that they are complete and accurate, according to policies.
- Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
- Interview applicants and request specified information for loan applications.
- Maintain and review account records, updating and recategorizing them according to status changes.
- Maintain current knowledge of credit regulations.
- Refer loans to loan committees for approval.
- Establish payment priorities according to credit terms and interest rates in order to reduce clients' overall costs.
- Inform individuals and groups about the financial assistance available to college or university students.
- Locate debtors using post office directories, utility services account listings, and mailing lists.
- Match students' needs and eligibility with available financial aid programs in order to provide informed recommendations.
- Open accounts for clients and disburse funds from clients' accounts to creditors.
- Petition courts to transfer titles and deeds of collateral to banks.
- Review billing for accuracy.
- Supervise loan personnel.