Tractor Loan Officer(SRC Job 545)

Role Summary:
A Tractor Loan Officer specializes in assisting customers with obtaining tracker mortgages, where interest rates follow a specific index or base rate (e.g., LIBOR, prime rate, or a central bank rate). The role requires advising clients, assessing their financial status, and facilitating the loan application process while adhering to regulatory standards.

Key Responsibilities:

• Client Consultation and Assessment:
  • Meet with prospective borrowers to understand their financial needs and objectives.
  • Analyze clients' financial documents (e.g., income statements, credit reports, and tax returns) to determine loan eligibility.
  • Explain tracker loan features, terms, and associated risks transparently.
• Loan Application Process:
  • Guide clients through the loan application, ensuring completeness and accuracy.
  • Coordinate with underwriters and other internal teams to expedite approvals.
  • Manage a portfolio of clients, ensuring timely follow-ups and communication.
• Regulatory Compliance:
  • Stay updated on lending regulations, particularly those affecting tracker mortgages.
  • Ensure all transactions comply with relevant laws and institutional policies.
• Market Awareness:
  • Monitor base rate changes and their implications for tracker loans.
  • Provide insights to clients about potential rate fluctuations and market trends.
• Customer Service:
  • Act as a primary contact point for queries related to loan terms, repayments, or rate changes.
  • Build strong client relationships to foster trust and long-term business opportunities.
• Cross-Selling:
  • Identify opportunities to recommend other financial products or services that align with client needs.

Skills & Qualifications:

• Experience: 1+ years in a loan officer or mortgage advisory role (tracker loan experience preferred).
• Technical Skills: Proficiency in financial analysis tools and loan management software.
• Soft Skills: Strong interpersonal skills, analytical thinking, and a customer-focused approach.
• Regulatory Knowledge: Familiarity with local and international mortgage regulations.