We’ve made it easy for you to build your Loan Reviewer SOPs. Add the example SOPs to our SOPs template and then customise them to suit your specific systems & processes.
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Creating Standard Operating Procedures for your Loan Reviewer work can be difficult and take time. That’s why we’ve created these example Loan Reviewer SOPs so you can jumpstart your SOP creation process. We want to help you set up your Banking systems and processes by taking these sample SOPs and building out your own SOPs template library. By having all your Banking procedures in one place, your team will have the information they need at all times. Let’s look at some Loan Reviewer SOP examples.
1. Loan Application Review SOP: The purpose of this SOP is to outline the process for reviewing loan applications received by the bank. It includes verifying the completeness of the application, assessing the applicant’s creditworthiness, analyzing financial statements, and conducting risk assessments. The scope of this SOP covers all loan applications received by the bank. The Loan Reviewer is responsible for following this SOP. References to other SOPs include the Credit Analysis SOP and Risk Assessment SOP.
2. Credit Analysis SOP: This SOP details the procedures for conducting a thorough credit analysis of loan applicants. It includes gathering and analyzing financial information, assessing the applicant’s ability to repay the loan, evaluating collateral, and determining the appropriate loan terms. The scope of this SOP covers all credit analysis activities performed by Loan Reviewers. The Loan Reviewer is responsible for adhering to this SOP. References to other SOPs include the Loan Application Review SOP and Collateral Evaluation SOP.
3. Collateral Evaluation SOP: The purpose of this SOP is to provide guidelines for evaluating the collateral offered by loan applicants. It includes assessing the value, marketability, and condition of the collateral, as well as determining the appropriate loan-to-value ratio. The scope of this SOP covers all collateral evaluation activities performed by Loan Reviewers. The Loan Reviewer is responsible for following this SOP. References to other SOPs include the Credit Analysis SOP and Loan Approval SOP.
4. Loan Approval SOP: This SOP outlines the process for approving or rejecting loan applications based on the findings of the credit analysis and collateral evaluation. It includes reviewing the loan package, making a recommendation to the loan committee, and documenting the decision. The scope of this SOP covers all loan approval activities performed by Loan Reviewers. The Loan Reviewer is responsible for adhering to this SOP. References to other SOPs include the Credit Analysis SOP and Collateral Evaluation SOP.
5. Loan Documentation SOP: The purpose of this SOP is to establish guidelines for preparing and reviewing loan documentation. It includes ensuring that all necessary legal documents are obtained, verifying the accuracy of loan terms, and maintaining proper documentation records. The scope of this SOP covers all loan documentation activities performed by Loan Reviewers. The Loan Reviewer is responsible for following this SOP. References to other SOPs include the Loan Approval SOP and Loan Disbursement SOP.
6. Loan Disbursement SOP: This SOP outlines the procedures for disbursing approved loans to borrowers. It includes verifying the completion of all loan documentation, coordinating with relevant departments, and ensuring compliance with regulatory requirements. The scope of this SOP covers all loan disbursement activities performed by Loan Reviewers. The Loan Reviewer is responsible for adhering to this SOP. References to other SOPs include the Loan Approval SOP and Loan Documentation SOP.
7. Loan Portfolio Review SOP: The purpose of this SOP is to establish guidelines for conducting periodic reviews of the bank’s loan portfolio. It includes assessing the quality of loans, identifying potential risks, and recommending appropriate actions to mitigate those risks. The scope of this SOP covers all loan portfolio review activities performed by Loan Reviewers. The Loan Reviewer is responsible for following this SOP. References to other SOPs include the Loan Application Review SOP and Risk Assessment SOP.
8. Risk Assessment SOP: This SOP outlines the process for assessing the risk associated with loan applications and existing loans. It includes evaluating factors such as creditworthiness, collateral quality, industry trends, and economic conditions. The scope of this SOP covers all risk assessment activities performed by Loan Reviewers. The Loan Reviewer is responsible for adhering to this SOP. References to other SOPs include the Loan Application Review SOP and Loan Portfolio Review SOP.
9. Loan Modification SOP: The purpose of this SOP is to provide guidelines for handling loan modification requests from borrowers. It includes evaluating the borrower’s financial situation, assessing the feasibility of the modification, and documenting the decision. The scope of this SOP covers all loan modification activities performed by Loan Reviewers. The Loan Reviewer is responsible for following this SOP. References to other SOPs include the Loan Approval SOP and Loan Documentation SOP.
10. Regulatory Compliance SOP: This SOP outlines the procedures for ensuring compliance with applicable banking regulations and laws. It includes staying updated on regulatory changes, implementing necessary controls, and conducting periodic compliance audits. The scope of this SOP covers all regulatory compliance activities performed by Loan Reviewers. The Loan Reviewer is responsible for adhering to this SOP. References to other SOPs include the Loan Application Review SOP and Loan Documentation SOP
Looking for SOP templates for your Loan Reviewer work? We’ve got you covered. You can build out your company SOPs using the sample SOP information above (added to our template) or our team can put together a starter SOPs template based on your Loan Reviewer work. Get in touch if you’ve got questions about the quickest way to build out your Banking SOPs library.
