The Perfect Loan Officer Resume Writing Tips

Do you want to apply for a Loan Officer position to help you get closer to your career goals? Applying for jobs on Seek, LinkedIn, and other job boards can be a time-consuming process, however, to streamline the process, you can ensure your resume writing helps you to stand out from the crowd, and your online profile helps you to get an interview!

If a recruiter or hiring manager are looking for a Loan Officer, they are searching for specific transferable skills. With less than ten people being interviewed for the job and hundreds of people, just like you, applying, The Perfect Resume team have created Resume Writing Tips to help you stand out from the others.

What do recruiters look for in a Loan Officer resume or an online profile?

Tailoring your resume to a Loan Officer position is mandatory today to ensure that your application will pass Applicant Tracking Systems (ATS). In doing so, your resume will be read by the prospective employer. Then, fingers crossed, you will be shortlisted as a potential candidate and be called for not one, but multiple job interviews!

Firstly, before you apply to be a Loan Officer, you need to be acquainted with what a Loan Officer does!

Loan Officers handle the business, real estate, or credit loans. They are specialists in evaluating the financial status of a loan applicant. Duties include updating account records and reviewing loan files. They work for commercial banks, mortgage companies, or credit unions.

Hiring Managers are looking for a detail-orientated Loan Officer to assist in meeting with applicants, preparing loan proposals, and examining active loans.

To be successful as a Loan Officer, you should have knowledge of necessary Banking & Financial Services procedures, be open to learning, and have strong communication skills. Ultimately, a high performing Loan Officer should be able to achieve compliance with legislation and act as the liaison between potential clients and the growing financial institution.

Knowing this, your resume and online profile should include the hard and soft skills that the recruiter or hiring manager is looking for in a candidate.

The Loan Officer position description template will also contain pivotal information about what the candidate will need to do daily. Such as:

• Meet with loan applicants to identify their needs and collect information for loan applications.
• Analyze active loan files on a regular basis and recommend solutions to speed up the loan process.
• Complete loan contracts and teach clients on policies and regulations.
• Interview applicants to define financial eligibility and establish debt payment plans.
• Monitor and update account records.
• Submit loan applications in a timely manner.
• Prepare detailed loan proposals.
• Reject loan applications and explain deficiencies to applicants.
• Respond to applicants' questions and resolve any loan-related issues.
• Operate in compliance with laws and regulations.

You will also have some requirements and personal attributes that you will need to demonstrate in your resume to ensure your potential employer will take your application seriously, such as:

• Bachelor’s degree in finance or a similar field.
• A minimum of 3 years’ experience as a loan officer.
• Solid understanding of local, state, and federal loan regulations.
• In-depth knowledge of computers and banking software.
• Outstanding interpersonal and communication skills.
• Customer service-oriented with exceptional sales skills.





You may also want to do some industry research to find out what other companies want in their Loan Officers.