Hi everyone. I am looking to take your advice & expertise to determine the exact NOC TEER Code for the job duties that I perform at my place of work as a
Loan Processing Specialist. Now, I’m worried if the position qualifies under NOC 63102 or NOC 14201. Your help will save me from a lot of stress and I’ll really appreciate it. Please share your valuable insight.
I most definitely feel it is NOC 63102, as three duties match with it and since it is a loan processing specialist job, just like a loan officer/analyst job.
The duties being:
- Processors apply detailed knowledge and understanding of company policies and exception approvals.
- Assess and analyze loan applications; review, evaluate and analyze credit and financial history of applications including capacity to pay to make final processing decision.
- Grant approvals applications in accordance with company policy or as delegated by the Risk and Analytics department as a loan processor
- Provide rationale to branch managers in regards to the underwriting process and the analysis that took place where such applications are either approved or refused.
- Adhere to acceptable review timeframes for analysis of applications and processor best practices
- Incorporate new (or changes to) policies and procedures in a live environment fluidly so as not to disrupt workflow for the processing unit.
- Answer queries from sales staff pertaining to applications submitted for analysis and/or exception approval from the processing team.
- Pinpoint fraudulent documents during analysis and report these to appropriate departments and the processing unit.
- Match and validate application information such as income, paystubs and credit ratings to make a final processing decision in the approval process
