Loan Processor Resume

The United States Bureau of Labor Statistics projects that over the next decade, loan processor employment will drop by 2%.

The expected employment decrease in this field is due to the increased use of online loan applications recently. To stand a good chance of securing a role in this industry, you should submit a loan processor resume that makes you stand out from other applicants.

Here are three tips for writing a perfect resume that showcases your loan processing experience and expertise:

1. Highlight your loan processor skills

A loan processor is a type of financial clerk who engages a borrower in the first step of a loan application and guides them through the best programs to apply for. They’re primarily responsible for compiling, overseeing, and processing a borrower’s loan application before it’s passed on to the underwriter for approval.

As a loan processor, you’ll meet new people every day. So, you should show hiring managers that you have good communication skills to effectively explain financial information. Also, give examples that prove you’re good with numbers, because math is a skill that’ll help you solve problems like calculating credit scores.

You should put both hard and soft skills on your resume to make it as attractive as possible to employers. Place them in every resume section to ensure the hiring manager sees them.

Here are good hard skills (also called technical skills) to highlight on your loan processor resume:

• Accounting software: Intuit TurboTax, Intuit QuickBooks, Sage 50 Accounting
• Spreadsheet software: Microsoft Excel, LibreOffice, Google Sheets
• Mortgage software: Calyx, Encompass, LendingPad
• Database management software: Microsoft Access
• Financial analysis software: Fannie Mae Desktop Underwriter, Experian
• Understanding of mortgage loan operations

And if you have any of these soft skills, give examples of how you’ve used them to show you’d make a great loan processor:

• Attention to detail
• Critical thinking
• Leadership skills
• Customer service skills
• Writing skills
• Organization skills
• Time management skills
• Problem-solving skills
• Negotiation skills

This work experience bullet point from a loan processor resume offers great examples of time management and organizational skills:

Schedule and track closing dates, contingency dates, and rate lock expiration dates to ensure compliance and create repayment plans

2. Open with a standout resume summary

To give yourself an edge over other candidates with similar loan processor skills, start your resume with a resume summary.

A targeted and compelling summary attracts hiring managers to focus on your resume and prioritize it over others.

Here’s the summary from our example loan processor resume:

Each sentence is written to highlight the applicant’s key qualifications and skills for the hiring manager:

• Sentence 1 outlines the applicant’s years of work experience and relevant duties performed in previous loan processor positions
• Sentence 2 covers the candidate’s academic background and knowledge base
• Sentence 3 highlights the applicant’s skill set and how they can use it to solve real problems they’ll face as a loan processor

3. Include engaging loan processing action verbs

Use action verbs associated with loan processing to start your resume’s work experience bullet points to show how you accomplished goals rather than simply put in the work. These words will help prove to the reader that you’re an engaged and driven worker with a deep knowledge of loan processing duties.

In our loan processor resume sample, the applicant used several industry-related action verbs that you should consider listing in your own resume, including:

• Assess
• Liaise
• Schedule
• Assist
• Optimize
• Analyze
• Evaluate
• Manage