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4 weeks ago

Job Summary

The Loan Processing Officer is responsible for managing the end-to-end process of loan applications, from initial submission to final approval. This role involves evaluating loan applications, verifying client information, ensuring compliance with company policies, and coordinating with relevant departments to facilitate timely loan disbursement

  • Minimum Qualification : HND
  • Experience Level : No Experience
  • Experience Length : No Experience/Less than 1 year

Job Description/Requirements

Responsibilities:

Loan Application Management:

  • Review and process loan applications submitted by clients or sales teams.
  • Verify the completeness and accuracy of all required documents and information.
  • Conduct thorough background checks, including credit history and employment verification.


Coordination and Communication:

  • Collaborate with internal teams (e.g., credit, sales, and recovery) to streamline the loan processing workflow.
  • Communicate effectively with clients to address inquiries, explain loan terms, and guide them through the application process.
  • Follow up with clients for missing or additional documentation.


Loan Disbursement:

  • Ensure timely preparation and submission of loan agreements and disbursement documents.
  • Coordinate with the finance team to facilitate loan payouts.


Reporting and Recordkeeping:

  • Maintain accurate and up-to-date records of loan applications and approvals.
  • Generate daily, weekly, and monthly reports on loan processing activities.
  • Monitor loan pipeline status and provide regular updates to management.


Requirements:

  • 0-1 year experience
  • Minimum of HND

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