Loan Specialist

Loan Specialist Job Description Template

Our company is looking for a Loan Specialist to join our team.


  • Focuses on delivering short-term loans in under 24 hours;
  • Exercises judgment to ensure proper legal and loan closing procedures are followed;
  • Imports loans to Loan Accounting system and perform other related loan accounting duties;
  • Completely closes non-consumer loans within delegated authority, ensuring complete and accurate loan files while meeting work quantity expectations;
  • Communicates effectively with the branch teams via telephone, mail and electronic communications;
  • Support the sales of all products and services.


  • 3-5+ years’ experience in loan processing,
  • Effective written and verbal communication/presentation skills;
  • Strong teamwork and partnering skills with ability to effectively manage the expectations of multiple internal/external constituents;
  • Ability to prioritize multiple tasks in a deadline-driven environment; strong sense of urgency and responsiveness;
  • Strong organizational skills, with the ability to manage multiple assignments and priorities is essential while delivering desired results;
  • Bachelor’s degree or equivalent work experience;
  • Experience with down payment assistant programs such as GSFA, MCC, Cal HFA, LIPA, MIPA, WISH and other County/ City programs;
  • 5+ years’ experience in underwriting and related analysis, including experience with Fannie Mae transactions with an affordable emphasis;
  • Excellent analytical skills; ability to quickly understand complex problems and recommend solutions;
  • Strong knowledge of complex personal and business financial analysis, tax returns and balance sheet analysis, including cash flow analysis;
  • Expert-level knowledge of overall lending processes, including underwriting, funding, and loan processing;
  • In-depth knowledge of CRA products and industry.