Unique Skill ID: ESE0688A148E76FA86B8

Loan Processing

Loan processing is the act of reviewing, verifying and compiling all the necessary documents and information required for a loan application. It is a specialized skill that requires attention to detail, excellent communication skills and knowledge of the lending process. The loan processor is responsible for ensuring that all required documents are accurately completed and that the loan application meets the lending institution's guidelines. They must also ensure that disclosures and other legal requirements are met and that the borrower understands the terms and conditions of the loan.

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This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
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