Loans Closing Officer

Job Description: Processing Ensure completeness of documentary requirements Ensure accurate encoding of loan information in the system and precise credit investigation and credit appraisal request. Monitors necessary reports requested from the different credit units of the bank which is required for the processing of the loan application. In case of any unfavorable result, inform Account Officer immediately for proper action Coordinate with Retail Risk Management for the status of loan applications being submitted for processing. Inform clients, brokers and developers of needed requirements as well as to the status of their loan applications Booking Ensure that all documents necessary for loan booking are complete i.e.: Loan Agreement, LOU, DOU, Deed of Assignment, Written Notice, REM fees, REM and MRI form In the absence of the Account Officer, assist clients when they arrive at the bank’s premises for signing of loan documents and see to it that all necessary documents and requirement are obtained from the clients before they leave Submit all loan documents for booking to CORCO/Loan Operations for the release of the proceeds Post-Booking Monitors documentary deficiencies for booking as well as conduct regular follow ups with the developers on the submission of TCT’s/CCT’s and ensure submission of these together with other bank documentary requirements Handles requests of existing borrowers for rate reduction and prepares recommendation for approval Handles requests of change in loan term requested by clients. This comes with preparation of AS and signing of amended loan documents for client signing. Closely coordinates with the other concerned units of the bank. Handles loan take outs of other banks Others Handles walk-in/telephone inquiries, questions and concerns and ensure turnover of said concerns to the assigned AO QualificationsAt least 1-year relevant experienceEfficiency in computer software such as Word, Excel, PowerPointProficiency in typingGood communication skills