Will “Commercial Lending Vice President” be Replaced By Robots? 🤔
Unknown Chance of Automation
Sadly, the research paper did not provide any information about this occupation. Maybe have a look at our directory?
Job 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.
Job Details
- The SOC (Standard Occupational Classification) code is 13-2071.01
☝️ Information based on the reference occupation “Loan Counselors”.
Also Known As…
- Loan Counselors
- Peer Financial Counselor
- Loan Counselor
- Financial Counselor
- Financial Assistance Advisor
- Financial Aid Officer
- Financial Aid Director
- Financial Aid Counselor
- Financial Aid Advisor
- Financial Aid Administrator
- Commercial Lending Vice President
- Loan Consultant
- Financial Assistance Specialist
- Financial Aid Coordinator
- Farm Mortgage Agent
- Eligibility Consultant
Tasks for “Commercial Lending Vice President”
- Authorize or sign mail collection letters.
- Open accounts for clients and disburse funds from clients' accounts to creditors.
- Check loan agreements to ensure that they are complete and accurate, according to policies.
- Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
- Supervise loan personnel.
- Review accounts to determine write-offs for collection agencies.
- Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
- Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors.
- Interview applicants and request specified information for loan applications.
- Locate debtors using post office directories, utility services account listings, or mailing lists.
- Inform individuals and groups about the financial assistance available to college or university students.
- Refer loans to loan committees for approval.
- Analyze potential loan markets to find opportunities to promote loans and financial services.
- Approve loans within specified limits.
- Maintain current knowledge of credit regulations.
- Compare data on student aid applications with eligibility requirements of assistance programs.
- Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
- Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
- Review billing for accuracy.
- Maintain and review account records, updating and recategorizing them according to status changes.
- Advise students on available financial-aid awards.
- Submit applications to credit analysts for verification and recommendation.
- Match students' needs and eligibility with available financial aid programs to provide informed recommendations.
- Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
- Confer with underwriters to resolve mortgage application problems.
- Provide entrance or exit loan counseling to students.
Related Technology & Tools
- Notebook computers
- 10-key calculators
- Desktop computers
- Personal computers
- Autodialers
- Microsoft Excel
- Web browser software
- Microsoft Internet Explorer
- EDExpress
- Microsoft Outlook
- Oracle PeopleSoft
- Data entry software
- EMT Applications CounselorMax
- Microsoft PowerPoint
- Microsoft Office
- Financial aid management system FAM
- ELM Resources ELM
- Sungard Higher Education PowerFAIDS
- Student information systems SIS
- Microsoft Access
- SAP
- SunGard Higher Education Banner Financial Aid
- Microsoft Word
- Datatel Colleague