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?
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.
- 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
- Loan Consultant
- Financial Assistance Specialist
- Financial Aid Coordinator
- Farm Mortgage Agent
- Eligibility Consultant
- Commercial Lending Vice President
Tasks for “Commercial Lending Vice President”
- Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
- Refer loans to loan committees for approval.
- Submit applications to credit analysts for verification and recommendation.
- Maintain current knowledge of credit regulations.
- Supervise loan personnel.
- Check loan agreements to ensure that they are complete and accurate, according to policies.
- Review accounts to determine write-offs for collection agencies.
- Maintain and review account records, updating and recategorizing them according to status changes.
- Advise students on available financial-aid awards.
- Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors.
- Approve loans within specified limits.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
- Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
- Match students' needs and eligibility with available financial aid programs to provide informed recommendations.
- Open accounts for clients and disburse funds from clients' accounts to creditors.
- Interview applicants and request specified information for loan applications.
- Analyze potential loan markets to find opportunities to promote loans and financial services.
- Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
- Inform individuals and groups about the financial assistance available to college or university students.
- Locate debtors using post office directories, utility services account listings, or mailing lists.
- Confer with underwriters to resolve mortgage application problems.
- Provide entrance or exit loan counseling to students.
- Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
- Authorize or sign mail collection letters.
- Compare data on student aid applications with eligibility requirements of assistance programs.
- Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
- Review billing for accuracy.
Related Technology & Tools
- Desktop computers
- 10-key calculators
- Notebook computers
- Personal computers
- Microsoft Office
- Datatel Colleague
- Microsoft Excel
- Sungard Higher Education PowerFAIDS
- SunGard Higher Education Banner Financial Aid
- Microsoft Internet Explorer
- Financial aid management system FAM
- Web browser software
- Microsoft Outlook
- Microsoft Word
- Oracle PeopleSoft
- Microsoft PowerPoint
- Data entry software
- Microsoft Access
- ELM Resources ELM
- Student information systems SIS
- EMT Applications CounselorMax