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
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor 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.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Start your journey! Classes starting Aug 17.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • 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

Searching Searching ...

Matching School Ads
5 Program(s) Found
  • There's still time to apply to Grand Canyon University and pursue your education. Learn more today!
  • Study on your schedule - GCU offers many programs 100% online to fit your busy lifestyle.
  • GCU offers a variety of opportunities to reduce the cost of furthering your education. Campus students may qualify for scholarships, while online students can take part in limited special offers.
  • A regionally accredited university, GCU also holds specialized accreditations and approvals for some of our core program offerings.
  • Degrees in business, education, nursing, humanities and social sciences, theology and more. Find the degree that fits you.
  • Talk to us today to learn more about financial aid and start dates!
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.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • 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

Login to your account

Can't remember your Password ?

Register for this site!