The Perfect Loan Processor Resume Writing Tips

Do you want to apply for a Loan Processor 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 Processor, 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 Processor resume or an online profile?

Tailoring your resume to a Loan Processor 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 Processor, you need to be acquainted with what a Loan Processor does!

Loan Processors handle the loan files and submitting them to banks or mortgage lenders for approval. It’s their responsibility to ensure that all documents and signatures are in order prior to submission. Other duties include interviewing, assessing, and researching loan applicants.

Hiring Managers are looking for a highly organised Loan Processor to assist in conducting client evaluations, researching credit records, and preparing loan package documentation.

To be successful as a Loan Processor, you should have knowledge of necessary Banking & Financial Services procedures, be open to learning, and have strong communication skills. Ultimately, a high performing Loan Processor 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 Processor position description template will also contain pivotal information about what the candidate will need to do daily. Such as:

• Collect and prepare all necessary documentation for the loan package.
• Research applicant credit status and current financial position.
• Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
• Create repayment plans.
• Complete loan contracts and ensure clients are kept informed of the rules and requirements.
• Work with clients to establish their needs and recommend suitable types of loans.
• Submit files to the designated Underwriter.
• Conduct interviews to assess client eligibility for loans or mortgages.
• Ensure you comply with the established regulations and law requirements.
• Follow-up with clients to verify important information.

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 relevant field.
• A minimum of 2 years’ experience as a Loan Processor or similar role.
• In-depth knowledge of closing procedures, loan processes, and documentation.
• Good understanding of banking computer software and MS Office.
• Excellent interpersonal and communication skills.
• Good multitasking abilities with outstanding time management skills.





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