Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Financial Loan Managers Job Description

Job Descriptions October 27, 2013

Financial loan managers are working professionals who have progressed to the point where they are qualified to work as managers. Workers in this field come from the same career path as a financial loan specialist or loan agent. Their job is to help borrowers find contracts that give them the loan they need.

The loan agent is in charge of bringing the contract to the higher-positioned associates, who ultimately approve the loan. However, these professionals must make sure that the loan is approved within the stated limits and must consult with management regarding changes.

A Managerial Path for Loan Officers

This career path is all about negotiating and getting along with people. Agents meet with applicants and preside over a question and answer session. This is when the borrower answers questions about finances, credit, property and other pertinent information. The borrower learns the different type of loans available and what the terms of service would be.

The financial loan officer then compiles all necessary documentation and calculates payment schedules. Other duties covered include handling customer complaints, addressing clients’ questions, helping underwriters create the contract, and helping people who have delinquent loans.

Considering that the job position is a financial loan manager, this indicates seniority – the worker who learns the system and then qualifies for more responsibility, namely in the vein of management. Managers have additional obligations. They must establish relationships and address customer issues just the same, but they also oversee training programs and recruit new employees, while evaluating loan applications. Since they are ultimately in charge of overseeing cash flow, this is a position of significant responsibility.

These managers maintain professional relationships with clients, direct the activities of multiple departments, and report back to executives on the goings of this side of the business. Managers are very often trusted to market bank products, set policies regarding credit, identify potential loan markets, send reports out and handle minor courtroom activity, concerning the transferring of titles and deeds.

A Day in the Life of a Financial Loan Manager

A financial loan manager’s day is filled with supervisory tasks, as well as picking up after officers when needed. Managers may meet with loan applicants and arrange for an interview, and analyze and approve the work of officers that negotiate a deal. Managers and officers alike may assist with underwriting, and work with professional underwriters to develop loan needs and the client’s ability to pay back the loan.

This may involve learning new software, in addition to learning existing formulas that have been proven to work. Lastly, keep in mind that there are specializations within this industry, including commercial, consumer, mortgage, and collections.

This may be the next step for you if you are serious about wanting a career change, and willing to do whatever it takes to succeed. Just so you know, you don’t have to push yourself beyond what is reasonable. Go back to school for a four-year degree and watch the tide turn in your favor!

Searching Searching ...

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
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Are You a Natural Leader or Good with Numbers? Get Educated in the Business Field.
  • Build the Capabilities and Connections to Power Your Future.
  • Business Administration & Management, Accounting, Marketing Degree Programs and More From Top Colleges that Fit Your Needs.
  • Find Schools Online or Near You & Get Info for FREE Today!
  • Online Courses
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!