Mortgage Accounts Officer Job Description

November 26, 20110 Comments

Mortgage Accounts Officer Job Profile and Description

The mortgage accounts officer is the one who are basically the lending officers of a large banking operation. They are specialized in the processing consumer loans secured by residential property. The main responsibility is to evaluate the property values based on appraised market prices. He or she has to recommend and approve the loans which are according to the policies and also according to the borrower’s credit worthiness.

Duties and Responsibilities

There are the following duties and responsibilities of a mortgage Accounts Officer which are expected to be fulfilled:

  • It will be needed to work as an administrator for mortgage and other secured loan products.
  • He or she needs to oversee the approved amount levels and in accordance with lending policies.
  • It will be the duty to assist the Mortgage Accounts Manager in the planning and control of the bank’s mortgage lending and other related activities.
  • He or she has to evaluate the applications to determine the value of the property and recommend. Qualify or reject the approval.
  • He or she has to verify and evaluate the applications which can be used as securities so has to visit borrower properties and homes.
  • He or she has to investigate the credit ratings with credit bureaus and report to the agencies.
  • He or she needs to exercise the discretionary authority to wave first time surcharges and late payment charges.
  • The officer has to submit the reports to the management as well for the regular credit and loan consumption.

Skills and Specifications

The required skills and specifications are as follows:

  • The person must have the ability to work with a high degree of patience dealing with people.
  • He or she should be able to handle the detail work.
  • He or she needs to have the tenacity to ensure mathematical accuracy in the work.
  • The person must exhibit strong interpersonal skills to establish and maintain the effective working relationships.
  • He or she should have the team working skills to work with a team of loan officers as well as with client management officers.
  • He or she must have excellent marketing skills to interact with clients and sustain their patronage of loan products.
  • The person needs to have exceptional communication skills in English.
  • The other required qualities of a person are the strong self-confidence, courtesy, firmness and negotiating skills to deal with a client.

Education and Qualifications

  • The person needs to have a basic degree at the minimum in a business field with a strong bias in Banking, Financial Management and Business Administration.
  • It will be an added advantage for the person having a degree in law with major in commercial law.
  • The other requirement is having a post-graduate degree in banking and finance with the 2-3 year of past working experience in financing companies.

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