Loan Counselors

• Check loan agreements to ensure that they are complete and accurate, according to policies.
• Refer loans to loan committees for approval.
• Approve loans within specified limits.
• Submit applications to credit analysts for verification and recommendation.
• Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
• Interview applicants and request specified information for loan applications.
• Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
• Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
• Maintain current knowledge of credit regulations.
• Analyze potential loan markets to find opportunities to promote loans and financial services.
• Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
• Review billing for accuracy.
• Supervise loan personnel.
• Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
• Maintain and review account records, updating and recategorizing them according to status changes.

Source: O*NET OnLine information for Loan Counselors.

• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
• Coordination - Adjusting actions in relation to others' actions.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Service Orientation - Actively looking for ways to help people.
• Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Source: O*NET OnLine information for Loan Counselors.