9 Loan Processor Resume Examples for 2024

Creating a resume for a loan processor can be tricky. In this article, we will show strong resume examples and give clear steps to follow. You will learn how to list key skills and past jobs in the finance industry. We will also talk about the best ways to show your experience with loan applications, customer service, and financial software. This advice is for those who want to stand out in the banking field.

  Compiled and approved by Jason Lewis
  Last updated on See history of changes

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At a Glance

Here's what we see in the best resumes for loan processors.

  • Show Impact By Using Numbers: The best resumes use metrics to show achievements. Key metrics include loan approval rate, time to process applications, customer satisfaction scores, and number of loans processed.

  • Include Skills Mentioned On The Job Description: Include skills on your resume that you have and are mentioned on the job description. Some popular ones are mortgage software, underwriting, credit analysis, FHA guidelines, and regulatory compliance. But don't include all of them, choose the ones you have and are mentioned in the JD.

  • Highlight Attention To Regulatory Changes And Compliance: In this job, it is important to show your focus on regulatory changes. Use phrases like adhered to compliance and updated on new laws.

Get your resume scored

Want to know if your resume stands out for loan processor roles? Our resume scoring tool gives you a clear picture of where you stand. It checks your resume against key criteria that hiring managers in the financial sector look for.

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Education section order

If you've recently graduated or are still in school, put your education first on your resume. This is also important if you've completed significant further education like an MBA. If you're already working and have been for some time, your experience should come first.

As a loan processor, employers care about your practical skills in the field. Prioritize showing that whenever you can, but don't hide your education if it's recent or highly relevant.

Show attention to detail

Employers value accuracy and detail-oriented skills for a loan processor role. Highlight any relevant work experience where precision was key.

Use bullet points to show tasks that involved checking documents, verifying information, or managing large amounts of data. This tells employers you have the skills they need for the role.

Ideal length for your resume

When you prepare your loan processing resume, aim to keep it to one page. This length is perfect for those with under 10 years of experience. You provide a clear, brief showcase of your skills and experience. Ensure your most recent and relevant job skills are easy to find. This helps hiring managers to quickly see your fit for the role.

For seasoned processors with extensive experience, a two-page resume can be appropriate. Focus on the last ten years of your career and highest qualifications. Remember, even if your resume extends to a second page, the first page should grab attention with your best qualifications and achievements relevant to loan processing.

Highlight relevant software

Familiarity with loan processing software can set you apart. Be sure to list specific tools you have experience with, like Encompass or Calyx Point.

This shows employers you can hit the ground running. It also demonstrates your ability to work efficiently in the role.

Bypassing resume screeners

If you are applying for a job as a loan processor, it's important to know about resume screeners. These are also known as Applicant Tracking Systems (ATS). These systems scan your resume before a person sees it. They look for keywords and phrases that match the job.

Here are some tips to get past these systems:

  • Use words from the job description in your resume. For example, if the job asks for 'loan application processing,' make sure you use this phrase.
  • Show your experience with specific software. Many loan processing jobs need you to know certain programs. If you have used these, list them by name.

Customize your resume details

You should make sure your resume speaks directly to the job you want. As a loan processor, you must show you can handle detailed work and support customers and the lending team well. Use words that show you have the needed skills and you understand the job well.

  • Detail your experience with financial software like Encompass or Calyx Point.
  • Show you can manage many tasks. Use examples like 'Processed an average of 20 loan applications per week'.
  • If you're new to loan processing, talk about your past job tasks that needed strong attention to detail or math skills, like 'Managed accounts payable for a busy office'.

Essential skills for loan processors

When crafting your resume, include key skills that show you're well-equipped for loan processing tasks. Here's a list of important skills you might include:

  • Attention to detail
  • Financial analysis
  • Risk assessment capabilities
  • Knowledge of loan software
  • Understanding of compliance regulations
  • Data entry proficiency
  • Customer service experience
  • Proficiency in Microsoft Office
  • Time management
  • Experience with credit reports

You don't need to include all of these, but focus on those that match your experience. Place these skills in a dedicated section of your resume to help applicant tracking systems (ATS) identify your fit for the role. This is important because many companies use ATS to screen resumes before a hiring manager sees them. Remember, the more your skills match the job description, the better your chances of getting noticed.

It's also good to show your experience with specific loan types, like mortgages or auto loans, if applicable. If you have worked with FHA or VA loans, make sure to highlight this as well. Such details can set you apart from other candidates and demonstrate your industry-specific knowledge.

Quantify your processing success

When crafting your resume, showing your impact with numbers can make a big difference. Numbers offer clear proof of your achievements and help you stand out. In the loan processing field, certain metrics can effectively showcase your skills.

Think about how you have contributed to your team and company. Here are a few ways you might quantify your experience:

  • Highlight the number of loan applications you process on average per month to show volume-handling capabilities.
  • Include the average processing time for loans to demonstrate efficiency and time management.
  • Mention the percentage of loans approved that you've processed to illustrate your accuracy and adherence to guidelines.
  • Show the reduction in errors or compliance issues under your watch to prove attention to detail.
  • Indicate any increase in customer satisfaction ratings due to your thorough work or customer service initiatives.
  • Discuss the volume of cross-sell opportunities you've identified, leading to additional revenue.
  • Reference any training programs you've led or contributed to and the success rate of trainees.

Remember, even if you are not sure of the exact numbers, you can estimate based on your daily activities and outcomes. Make sure your estimates are reasonable and reflect your experience truthfully.

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