Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Banking & Commercial Loan Processing Manager Job Description

Job Descriptions November 24, 2013

The Loan Processing Manager job description is a broad category that can progress from a simple definition of a Commercial Banking Credit Counselor, Loan Officer, or Loan Processing Manager. A quick search of authoritative professional web sites such as the U.S. Bureau of Statistics or the U.S. News and World Report will bring back a plethora of possible definitions. Many of the definitions will be based on education, experience and salary requirement, the following paragraph is a typical job description found on many job search forums.

The Banking and Commercial Loan Processing Manager is responsible for managing all aspects of business loan and commercial banking application, processing and closing. Will lead and direct others in the loan process and approval. May require a bachelors degree or higher and a minimum of 4 years experience as a loan officer or similar field.

Will rely on extensive experience and skill of judgment to plan and accomplish financial goals. Will performs a variety of tasks while overseeing the work of others. A wide degree of creativity and latitude is given. Candidate will typically report to top Executive Management.

The February 210 SOC definitions updated in January 2013 and published on the U.S. Bureau of Labor Statistics on behalf of The Standard Occupational Classification Policy Committee (SOCPC) categories loan officer under the heading Business and Financial Operations Occupations. Sub category placed under Financial Specialist and describes the loan officer job classification as one whom: Evaluates, authorizes or recommends approval of commercial, real estate or credit loans. You will advise borrowers on financial status and payment methods. The definition includes mortgage loan officers, agents, collection analyst, loan underwriters and loan servicing officers.

A loan processing clerk, on the other hand, may be described as performing routine administrative tasks in support of the commercial banking and loan processing group. Tasks may include preparing credit reports, responding to simple applicant questions and maintaining applications and records. Will generally need a high school diploma and at least one to two years of experience is a related field. Has knowledge of commonly used terminology and practices within the business field.

As can be inferred from the above discussion of job classifications and descriptions the individual who has financial loan clerk, officer or agent experience can fall between one of several job definitions. It is important to read job descriptions carefully when discerning if one’s qualifications fall within the parameters and are equivalent to one’s own experiences. Financial Institutional Employers have a range of requirements for the position of Banking and Commercial Loan Processing Manager, which may or may not require a bachelor’s degree and may or may not require any previous supervisory experience.

The business world is an exciting and fast past market place. The position of Business and Commercial Loan Processing Manager requires a mind set of authority and due diligence. Superior logic and mathematical control are paramount, along with a healthy understanding current business legislation and chain of command.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • View Associates, Bachelors or Graduate Degree Programs in Business Near YOU!
  • Enter YOUR Needs and Requirements. Get Matched to the Perfect Campus or Online Degree Programs for You.
  • Free information for Business Administration and Management, Accounting, Marketing and Advertising, Business Information Systems Degree Programs and MORE.
  • Accredited, Flexible Business Administration and Management Degree Programs to Fit Your Time and Budget. Use our Matching Service - It's Easy and FREE!
  • Online Courses
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!