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Loan Processor
Career Insights for Loan Administrator / Manager
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Scorecard
Based on Indiana data
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What they do
A Loan Administrator or Manager services a loan once it has been agreed. Sends monthly bills to the loan recipient. May also maintain payment records and monitor compliance with the loan agreement.
$80,946 / year median in Indiana
-11% projected decline
Job Description
Handle routine customer inquiries, questions and problems. Processing loan and participation payments. Maintain and process titled collateral. Provide secretarial support for loan officers. Proofread loans - Personal, auto and commercial loans. Scan loan files into Document Management System. Track errors and omissions policy for bank vendors. Track all business assets (ABA) insurance policies for commercial loans. Monthly reports compiled and distributed. Sort and mail statements and notices to borrowers. Other duties as assigned. High School Degree One to three years' experience working in banking, credit unions, real estate agencies, or mortgage companies. Excellent interpersonal and problem-solving skills. Ability to handle multiple tasks in a fast-paced environment. Basic computer experience. Process selected paperwork for consumer loans. Assist customers with any questions that they may have concerning their loan. Key skills to be successful in this role include understanding loan operations, time management, math skills, writing skills, problem solving skills, reading skills, and attention to detail.