Loan Coordinator Job Description Template

The Loan Coordinator plays an integral role in the lending process by coordinating and managing loan applications from beginning to end. They are responsible for gathering and reviewing all necessary documentation, communicating with borrowers and lenders, and ensuring the timely processing of loans. If you enjoy working in a fast-paced environment and have excellent organizational and communication skills, a career as a Loan Coordinator may be a great fit for you.

987 people used this job description template, 76 people have rated it.

Job Description


A Loan Coordinator is responsible for facilitating the loan application process between loan officers, borrowers, and underwriters. The Loan Coordinator follows the loan through from beginning to end, ensuring that all documents are accurate and complete.


  • Collects all documentation necessary for loan applications.
  • Reviews loan applications for completeness and accuracy.
  • Communicates with borrowers to ensure all necessary documentation is obtained.
  • Works with loan officers to track loan progress and ensure timely processing.
  • Prepares and submits loan packages to underwriting for approval.
  • Acts as a liaison between loan officers, underwriters, and borrowers to resolve any issues that arise during the application process.
  • Ensures compliance with all regulatory requirements and company policies throughout the application process.
  • Maintains accurate and complete records of loan documentation and processes.


  • High school diploma or equivalent.
  • Experience in loan processing, banking, or related field preferred.
  • Excellent communication and customer service skills.
  • Ability to multitask and manage time effectively.
  • Strong attention to detail and accuracy.
  • Familiarity with loan documentation and underwriting processes.
  • Proficiency in Microsoft Office and loan management software.


If you are looking for a Loan Coordinator to join your team, creating a job posting can be a great way to attract qualified candidates. A well-written job posting can help you find the perfect candidate who has the necessary experience, skills, and qualifications to perform the job duties effectively.

Job Title

Your job title should be clear and concise, and accurately reflect the responsibilities of the position. For a Loan Coordinator, some suggested titles could be Loan Coordinator, Loan Processor, or Mortgage Loan Coordinator.

Job Description

Your job description should include a summary of the position, including the primary responsibilities and duties that the Loan Coordinator will be expected to perform. It should also outline the minimum qualifications required to be considered for the position.

  • Coordinate loan application process from start to finish, including verifying application details and assisting applicants in gathering necessary documents.
  • Ensure compliance with state and federal regulations related to loan processing.
  • Assist in underwriting loans, including evaluating creditworthiness and risk analysis.
  • Manage and maintain loan application files.
  • Communicate with clients, lenders, and other stakeholders throughout the loan process.
  • Prepare loan documents and ensure accuracy and completion.
  • Update company loan software and databases.
  • Required Skills and Qualifications

    Your job posting should specify the minimum qualifications required to be considered for the position. Some skills and qualifications to consider for a Loan Coordinator position include:

  • At least 2 years of experience in loan processing or a related field.
  • Excellent communication skills, both written and verbal.
  • Strong attention to detail and organizational skills.
  • Ability to work under pressure and meet deadlines.
  • Knowledge of state and federal regulations related to loan processing.
  • Computer proficiency, including experience with loan processing software.
  • Company Culture and Benefits

    It can also be helpful to mention your company culture and any benefits that the successful candidate can expect to receive. This can help to attract top talent and make your company stand out from other potential employers. Some benefits could include:

  • Competitive salary and benefits package
  • Opportunities for advancement and career growth
  • Flexible work schedule or work-life balance programs
  • Training or development programs
  • Conclusion

    Creating a job posting for a Loan Coordinator can be a great way to attract qualified candidates to your team. By providing a clear job description, outlining the required qualifications, and highlighting your company culture and benefits, you can find the right candidate to help your business thrive.

    Frequently Asked Questions on Creating Loan Coordinator Job Posting

    What is a Loan Coordinator?

    A Loan Coordinator is a professional responsible for ensuring the efficient processing and administration of loan applications. They are responsible for verifying the accuracy of loan documents, responding to client inquiries, and coordinating the loan closing process.

    What Skills should a Loan Coordinator have?

  • Excellent communication and customer service skills.
  • Strong attention to detail and accuracy.
  • Proficiency in loan processing software.
  • Ability to work effectively in a team environment.
  • Organizational and time management skills.
  • What are the Qualifications for a Loan Coordinator?

    Qualifications for a Loan Coordinator vary depending on the institution or employer. However, typically, candidates most be at least 18 years old and have a high school diploma, GED, or equivalent. Some employers require an associate or bachelor's degree in business, finance, or a related field. Relevant work experience in lending, finance, or customer service is also commonly required.

    What should I include in a Loan Coordinator job posting?

  • A clear job title - Loan Coordinator
  • A summary of essential duties and responsibilities
  • List of necessary qualifications
  • Contact information for potential applicants
  • What should I look for in a Loan Coordinator resume?

  • Relevant skills and experiences in the finance or lending industry
  • Strong communication and customer service skills
  • Experience working with loan processing software
  • A detail-oriented and organized work style
  • What can I do to attract talented Loan Coordinators?

  • Offer competitive pay and benefits
  • Provide professional development opportunities
  • Demonstrate a supportive team environment
  • Showcase the opportunity for growth and advancement within the company
  • Get Started

    Start saving time and money on recruiting

    Start today for free to discover how we can help you hire the best talents.

    Get started Get Started!
    This site uses cookies to make it work properly, help us to understand how it’s used and to display content that is more relevant to you. For more information, see our Privacy Policy