Loan Counselors

Confer with underwriters to resolve mortgage application problems.

Advise students on available financial-aid awards.

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.

Approve loans within specified limits.

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

Review billing for accuracy.

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

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

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

Supervise loan personnel.

Interview applicants and request specified information for loan applications.

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

Maintain current knowledge of credit regulations.

Submit applications to credit analysts for verification and recommendation.

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

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

Authorize or sign mail collection letters.

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.

Provide entrance or exit loan counseling to students.

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

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.

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

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

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

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