As Loan Counselors, we analyze applicants' financial status, income, debt, assets in order to accurately determine their creditworthiness and the feasibility of granting loans. We approve loans within specified limits after calculating the applicant’s amount of existing debt and funds available in order to plan methods of payoff and to estimate the time for debt liquidation. We also contact applicants or creditors to resolve any questions about applications or to assist with the completion of paperwork while checking loan agreements to ensure that they are complete and accurate, according to the company and federal regulations and policies.
Core tasks:
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