Loan Processor Resume Samples, Tips, and Templates

One of the standard names for the position is “loan processor,” although the terms “loan interviewer” or “loan clerk” is a bit more suggestive of what the role is. Processors are the middlemen between originators and underwriters, making sure that the numeric data is in order before a contract is drafted. The work of processors demands focus and accuracy, both of which you should aim to provide on a loan processor resume.

Tips for Loan Processor Resumes

Taking Dictation

The loan processor collects details from “yes” onward. In contacting clients, they’re expected to fill out such details as assets, employment dates, debt to income ratios, collateral, title and credit reports, along with other similar information before passing it back to the officer or underwriter. If you have any achievements that show you have these great communication skills or attention to detail, it is a good idea to make sure they are on your resume.

Industry Focused

If your goal is to attract employers to your resume, then you also want to show that you have a thorough understanding of loans and finance. You can do so through industry action verbs (“Evaluated,” “Processed,” “Calculated,” and “Financed,” as well as industry terminology such as LTV, PMI (depending on the field) and more. These help the hiring manager picture you as a professional in the lending and finance world.

Switching Gears

As could be expected within the banking industry, loan processors don’t have the luxury of taking each application through to completion before moving on to the next one. Very often, they have to juggle multiple pending applications as they’re approved and as customers return calls. There may or may not be a target benchmark you’re trying to hit, but if you have worked in processing previously, try to list a monthly and quarterly volume for completed loans.

Loan Processor Resume Samples

Loan processing resumes may look very different depending on what industry you’re applying for and what experience you have, but the following is a resume example for reference:

 

 

Don’t forget to find the professional templates that will attract employers towards hiring you, as well as read the job description to make sure your resume is on the right track.

Additional Loan Processor Resume Tips

• Preparation or Evaluation? – Loan processing work can break down to two major functions. Some prepare programs, assisting in their standardization and developing brochures based on local market research. The others work in evaluating borrowers by weighting the information they receive against bank criteria to make judgments. Both skills are valuable, but some postings will be for one or the other, and your resume should address those accordingly.
• Terms of the Contract – One bonus of training programs is that they can acquaint you with such details as counseling, appraisal principles, fraud detection, disclosures, and loan terminology. For example, you’ll likely get accustomed to seeing terms like “PTDs” in paperwork within the bank. The more you show you know the job on coming in, the better your odds are to be hired.

Draft a Loan Processor Resume Online with Online Resume Builder

Online Resume Builders has easy to use, professional loan processor resume templates that are ideal for the banking industry, as well as helpful tools to build a resume that helps you get noticed. If you are ready to start an improves loan processor resume, create yours with Online Resume Builders, today.

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