Several banking associations, including the Western Lenders Association and the Financial Lenders Connection, as well as a number of schools, offer courses, training programs, or certifications for loan officers. Although not required, certification shows dedication and expertise and thus may enhance a candidate’s employment opportunities.
QUALIFICATIONS: GS-11: One year of specialized experience, equivalent to the GS-09 grade level in the Federal service, obtained in either the private or public sector as a loan processor, underwriter, financial analyst, portfolio manager, or other like position with responsibility for making repayment and other eligibility recommendations about the loan application package. Applicant must also have experience utilizing automated systems including the data entry, tracking and processing of loan applications with attendant documents pertaining to commercial loans such as credit reports, appraisals, business valuations, environmental reviews or franchise agreements.
GS-12: One year of specialized experience, equivalent to the GS-11 grade level in the Federal service, obtained in either the private or public sector as a commercial loan underwriter, financial analyst, portfolio manager, or other like position with responsibility for making repayment and other eligibility decisions about the loan application package. Applicant must also have experience utilizing automated systems including the data entry, tracking and processing of loan applications with attendant documents pertaining to commercial loans including credit reports and appraisals or business valuations, and other documents such as environmental reviews and franchise agreements. Duties:
The necessity for financing officials fluctuates towards discount, essentially increasing in times of economic progress, low interest rates, and you may people gains-that would interest in loans.
About aftermath of your own construction and overall economy, loan requests try in the process of alot more scrutiny. Financing officers need to ensure that money they originate come into accordance having state and federal regulations, as well as recently introduced user financial protection laws and regulations.
Candidates to own mortgage officials is improve along side coming ten years as lending activity rebounds regarding the present recession. Occupations would be perfect for those with lending, banking, otherwise transformation feel. At the same time, certain businesses need financing officials discover their own customers, so people having mainly based connections and you can an advice system need to have an www.paydayloansohio.net/cities/lorain/ informed occupations.