A person who acts on behalf of another person or group may be known as an agent. Legal terminology defines an agent as a person or an entity who has been legally empowered to act on behalf of another person or entity. This person or entity represents a client in negotiations and other dealings with third parties.
An individual or an entity who works as a loan referral agent for any bank, NBFC, or lending institution comes to be known as a DSA Loan Agent Such an agent identifies and finds potential patrons for the bank, NBFC, or lending institution, he or she represents. A loan agent, therefore, finds potential clientele who are looking for loans. In order to complete this assignment, the loan agent then forwards the potential leads to the institution for processing of the loan.
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