You might hire a loan processor to:

  • Collect and organize all information for loan applications
  • Prepare loan files and write appraisals

  • Submit loan files to banks or mortgage lenders for approval
  • Assess and interview loan applicants
Required skills and qualifications Preferred skills and qualifications
Analytical and logistical thinking skills
Time management and organizational skills
Comfort in dealing with financial figures and detailed documentation
Ability to meet firm deadlines
Sales and customer service skills
Knowledge of loan management software programs
Excellent written and verbal communication skills 
Current knowledge of relevant rules and regulations in the country of employment
Understanding of all direct/indirect lending procedures