How To Write A Bank Loan Officer Resume

The move to become a bank loan officer can be a great one for your career. For many, it is a lucrative position that has a great deal of potential for growth, but involves skills and experience that not everyone will share.

Banks hire loan officers carefully – even more so after the financial crisis. For those that are interested in a loan officer position, make sure you develop a bank loan officer resume that shows them that you are someone worth trusting with such an important role in their organization.

Tips for Bank Loan Officer Resumes

Know the Financial Lingo

Few in the general population have reason to know the various acronyms, FICO, RESPA, FDIC, TILA/CCPA, or nicknames like Fannie Mae and Freddie Mac which otherwise circulate the banking business daily. As a loan officer, however, you’re not only expected to know the meanings, but what the implications and uses are for your customers. Demonstrating a savvy with the vocabulary is one step towards presenting yourself as a seasoned insider.

The “Fine Print” of Conversation

The bulk of the loan officer job is to weight the input on the application against the available credit worthiness metrics. The other part is to interview applicants and not only walk them through the details, but determine what terms a loan can be granted under. Should they continue on in the process, you’ll need to be available to address their concerns and needs. In other words, communicate clearly and demonstrate adept interpersonal skills.

Change is Constant

Interest rates change. Legislation changes. Individual offerings by whatever institution you work for will change. Within the lending institutions themselves, the parameters will change whether you’re working for a credit union, a federal savings bank, or a state bank. Take any opportunity you can on your resume to demonstrate your alertness to the flux that is financial regulation.

Bank Loan Officer Resume Samples

Often the easiest way to visualize how your resume should look is by viewing samples in your industry. For those interested in applying to bank loan officer positions, consider the following examples:

Structure your resume with only your best information, and don’t forget to make sure that it is tailored to the needs of the job advertisement.

Additional Bank Loan Officer Resume Tips

• Quote Your Quotas – If you’ve already worked as a loan officer before, be sure to include figures for details such as the volume goals that you met, the size of your referral network, and how often you were able to cross-sell other products and services. Numbers mean much more to hiring managers than simply telling them what you can do.
• Orient Towards Details – A loan officer must be meticulous with their apprising the customer of available options, decision-making in approving applications, and entering of customer information. Make sure that your proof-reading and presentation reflect that, with a template that shows your attention to detail.

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