Pinellas Interns Intern - Atlas Intern Recruitment

Loan Counselors
SOC: 13-2071.01

Description:

Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.

National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.

Employment Projections:

Employment (2014):
32,600 employed

Projected (2024):
37,600 employed

Projected growth (2014-2024)

Source: Bureau of Labor Statistics 2015 2014-2024 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2014-2024). "Projected job openings" represent openings due to growth and replacement.

Alternate Titles:

Commercial Lending Vice President

Credit Counselor

Eligibility Consultant

Farm Mortgage Agent

Finance Manager

Financial Aid Administrator

Financial Aid Advisor

Financial Aid Coordinator

Financial Aid Counselor

Financial Aid Director

Financial Aid Officer

Financial Assistance Advisor

Financial Assistance Specialist

Lending Services Manager

Loan Consultant

Loan Counselor

Loan Officer

Pell Coordinator

Job Zone Four: Considerable Preparation Needed

Experience:

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education:

Most of these occupations require a four-year bachelor's degree, but some do not.

Job Training:

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Required Skills:

Reading Comprehension

Active Listening

Writing

Speaking

Mathematics

Science

Critical Thinking

Active Learning

Learning Strategies

Monitoring

Social Perceptiveness

Coordination

Persuasion

Negotiation

Instructing

Service Orientation

Complex Problem Solving

Operations Analysis

Technology Design

Programming

Operation Monitoring

Operation and Control

Quality Control Analysis

Judgment and Decision Making

Systems Analysis

Systems Evaluation

Time Management

Management of Financial Resources

Management of Material Resources

Management of Personnel Resources

Knowledge Used:

Administration and Management

Clerical

Economics and Accounting

Sales and Marketing

Customer and Personal Service

Personnel and Human Resources

Production and Processing

Computers and Electronics

Design

Building and Construction

Mathematics

Psychology

Sociology and Anthropology

Education and Training

English Language

Fine Arts

Philosophy and Theology

Public Safety and Security

Law and Government

Communications and Media

Transportation

Tasks:

Check loan agreements to ensure that they are complete and accurate, according to policies.

Refer loans to loan committees for approval.

Approve loans within specified limits.

Submit applications to credit analysts for verification and recommendation.

Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.

Interview applicants and request specified information for loan applications.

Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.

Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.

Maintain current knowledge of credit regulations.

Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.

Analyze potential loan markets to find opportunities to promote loans and financial services.

Review billing for accuracy.

Supervise loan personnel.

Maintain and review account records, updating and recategorizing them according to status changes.

Assist in selection of financial award candidates using electronic databases to certify loan eligibility.

Confer with underwriters to resolve mortgage application problems.

Inform individuals and groups about the financial assistance available to college or university students.

Match students' needs and eligibility with available financial aid programs to provide informed recommendations.

Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors.

Petition courts to transfer titles and deeds of collateral to banks.

Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.

Compare data on student aid applications with eligibility requirements of assistance programs.

Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.

Review accounts to determine write-offs for collection agencies.

Locate debtors using post office directories, utility services account listings, or mailing lists.

Arrange for maintenance or liquidation of delinquent properties.

Authorize or sign mail collection letters.

Open accounts for clients and disburse funds from clients' accounts to creditors.

Tools & Technology:

10-key calculators

Autodialers