Loan Processor Resume Example & Writing Guide

Write a winning loan processor resume with our example and easy-to-follow guide. Discover what to include and how to structure your resume to impress hiring managers and secure your next loan processing job. Use our proven tips and template to build a resume that sets you apart and increases your chances of getting the interview.

A good resume is very important when applying for loan processor jobs. It's the first thing hiring managers look at to understand your skills and experience. A well-written resume helps you get interviews and job offers.

This article explains how to create an effective loan processor resume. It provides a step-by-step guide and includes a resume example. You'll learn what information to include, how to highlight your most relevant qualifications, and tips for making your resume stand out.

The key parts of a loan processor resume are:

Contact information Summary statement Work experience Education Skills

Each part serves a specific purpose for showing employers you are a strong candidate. When written clearly with the right details, these sections give a convincing snapshot of your capabilities.

By following the advice and format in this guide, you can make a resume that effectively markets your strengths and improves your chances of getting hired as a loan processor. Let's go through each resume section in more detail.

Common Responsibilities Listed on Loan Processor Resumes

  • Reviewing and analyzing loan applications for completeness and accuracy
  • Verifying applicant's income, employment, credit history, and other financial information
  • Obtaining and evaluating supporting documents, such as tax returns, bank statements, and pay stubs
  • Calculating debt-to-income ratios and assessing borrower's creditworthiness
  • Ensuring compliance with lending guidelines, regulations, and policies
  • Communicating with applicants to request additional information or documentation
  • Preparing loan approval or denial packages for underwriters
  • Processing approved loans for closing and funding
  • Maintaining accurate and up-to-date loan files and documentation
  • Coordinating with other departments, such as underwriting, closing, and funding
  • Providing excellent customer service and support to applicants
  • Staying current with changes in lending regulations and industry practices
  • Participating in continuous training and professional development

How to write a Resume Summary

Ah, the all-important summary or objective section of your resume! This prominent piece at the very top of your CV is your ticket to catch the potential employer's attention, stating who you are professionally and what you can bring to the table. Even though you may feel the pressure to make it sound grand and fancy, simplicity, clarity, and precision are the keys.

To create a compelling summary or objective for your resume as a Loan Processor, you need to articulate the essence of your professional identity, accomplishments, capabilities, and career objectives in a succinct, genuine, and engaging manner.

When it comes to writing your resume summary or objective, including these three elements will help:

  1. Your professional identity: Identify yourself by your professional role – in this case, a Loan Processor. This allows the hiring manager to quickly grasp your professional background without having to dig through your entire resume.

  2. Your key successes and capabilities: Highlight your main achievements and skills that directly relate to the role of a Loan Processor. It could involve systematizing loan application processes, reducing approval times, or minimizing error rates. Measurable facts and figures are an added advantage because they paint a picture of your efficiency and effectiveness.

  3. Your career objectives: Your career objectives need not be elaborate. A simple, straightforward statement focusing on how you aim to utilize your skills and contribute to the prospective organization can add significant weight to your resume. This offers the employer a peek into your aspiration and how it aligns with their company's growth.

Remember, the summary or objective on your resume sets the tone for the rest of it. While it must be concise (usually 3-4 sentences), it should also encapsulate the vital points of your professional journey. As a Loan Processor, this summary gives you a dedicated space to make your case for your candidacy and should motivate the hiring manager to read the rest of your resume with interest.

Keep in mind that this is only a preliminary interaction with your potential employer. So, avoid overloading it with all your skills or experiences. Save some for the rest! Stick to the key points and elaborately explain the rest in the body of your resume, such as your work experience or skills section.

Your summary represents you; it's where you get to exhibit your suitability for the job directly. Let your authenticity shine through. Write it in your own voice rather than adopting corporate jargon. A unique yet professional tone can make a firm impression, signal respect for the reader's time, and leave them eager to learn more about you.

Also, remember the aim is to sell your professional competence, not create a monologue about your life story. So, focus on the needs of the potential employer, and match them with your proven skills and experiences that showcase you can meet those needs.

In a nutshell, the summary/objective section of your resume is more than a mere piece of information. When used rightly, it is a statement of intent that reinforces your professional brand, tells your career story concisely, highlights your valuable contributions, and sets a context for the reader to explore the rest of your resume.

Strong Summaries

  • Highly efficient Loan Processor with over 7 years of experience in banking and finance. Deep understanding of complex loan regulations and proficiency in mortgage management software. Proven track record of handling and closing multimillion-dollar loans while adhering to strict deadlines.
  • Dedicated Loan Processor with a strong eye for detail and a deep understanding of compliance rules. Known for excellent customer service skills and the ability to manage multiple loan applications simultaneously. Adept at problem-solving, with a notable history of streamlining processes for improved efficiency.
  • Exceptionally organized and meticulous Loan Processor, leveraging over 5 years of experience handling loan applications. Excellent communication, negotiation, and decision-making skills. Strong knowledge of underwriting processes, loan policies, and federal regulations contributes to a high approval rate.
  • Driven and detail-oriented Loan Processor skilled at reviewing, analyzing, and validating consumer loan applications. Expert knowledge of conventional, FHA, and VA loan processes. Proven ability to maintain customer relationships and ensure customer satisfaction throughout the loan close process.

Why these are strong?

These examples are good practices as they not only detail the candidate's experience and skills, but they also highlight their achievements and unique attributes. They quantify the individual's success when possible, 'handling and closing multimillion-dollar loans' and '5 years of experience', adding credibility to their claim. Also, they spotlight technical skills, 'Expert knowledge of conventional, FHA, and VA loan processes', making them more attractive to potential employers. They exhibit the candidates' understanding of industry-standards and their ability to maintain quality, efficiency, and service in their work, crucial traits in a loan processor role.

Weak Summaries

  • I have worked in the finance industry for some time. Looking for next opportunity.
  • As a loan processor, I've done a lot of stuff related to loans.
  • I am enthusiastic about processing loans quickly and accurately.
  • I've been in this game for a while now, so hire me.

Why these are weak?

These examples are considered bad for several reasons. First, they are extremely vague and do not give a clear picture of the candidate's experience or skills. They lack detail and specificity - key elements to capturing a hiring manager's attention. Secondly, they showcase a casual tone, which is not professional and may be off-putting to potential employers. Notably, having a statement like 'I have done a lot of stuff related to loans' does not instill confidence about the candidate's proficiency. Furthermore, mentioning 'I've been in this game for a while now' might give an impression of complacency instead of a driven professional outlook. Displaying enthusiasm is good, but it needs to be backed by examples or quantifiable achievements. Lastly, these examples are neither unique nor tailored to the specific job, making them ineffective.

Showcase your Work Experience

When crafting a stellar resume, the Work Experience section plays a pivotal role. It demonstrates your practical application of skills, your ability to navigate real-world challenges, and your prowess in maintaining professional relationships. Creating an impactful Work Experience section isn't akin to magic; it requires thoughtful self-assessment, a keen understanding of what the job market values today, and clear, concise writing. Make this section your competitive advantage.

Expert Tip

Quantify your achievements and impact using concrete numbers, metrics, and percentages to demonstrate the value you brought to your previous roles.

Strong Experiences

  • Processed and closed an average of 55 loans per month in a fast-paced and challenging banking environment.
  • Collaborated closely with an underwriting team, successfully achieving a 90% loan pre-approval rating.
  • Proficiently navigated loan processing software systems to track and update loan application statuses.
  • Reduced loan processing time by 20% through establishing effective document management methods.
  • Maintained detailed knowledge and compliance with all current loan product offerings, eligibility, rates and qualification requirements.

Why these are strong?

These are good bullet points examples due to their specific and result-oriented nature, which an employer wants to see on a resume. It's important to quantify achievements when possible, and each of these does that, showing a proven track record in the loan processing field. Each example also speaks to a key aspect of the loan processor's role - speed, collaboration, technical capabilities, organizational skills, and knowledge of industry products and regulations.

Weak Experiences

  • Just did my duties, nothing much.
  • Processed loan stuff.
  • Don't remember much, it's all about paperwork.
  • Worked with various loan types and paperwork.
  • Been handling lots of important tasks.

Why these are weak?

These examples indicate bad practices in crafting bullet points for a Loan Processor resume because they lack specific details and quantifiable metrics that would portray the depth of the job seeker's experience and skills, diminishing the impact of their accomplishments. 'Just did my duties, nothing much' is particularly damaging as it devalues the role of a Loan Processor and leaves the reader questioning the candidate's seriousness for the job. 'Processed loan stuff' and 'Don't remember much, it's all about paperwork' also demonstrate a lack of professionalism and understanding regarding the job role. Resume bullet points should be concise, specific, and should clearly showcase the candidate's capabilities.

Skills, Keywords & ATS Tips

When you are building your resume as a Loan Processor, it's important to pay close attention to the skills section. This section is your chance to highlight both your hard and soft skills, showcasing your suitability for the role. Hard skills refer to the technical skills you've learned, while soft skills relate to how you work and interact.

Hard Skills in a Loan Processor Resume

Hard skills are the specific, teachable abilities that you've gained through work experience, training, and education. In the case of a Loan Processor, these could include skills like proficiency in financial software, understanding of loan processes, familiarity with legal and financial regulations, or experience in loan underwriting. These are the skills that make you technically capable of managing the role.

Soft Skills in a Loan Processor Resume

Soft skills are less concrete, but equally as important. They relate to your personality, work ethic, and attitude. Examples of important soft skills for a Loan Processor resume might include attention to detail, ability to work under pressure, excellent communication skills, and good problem-solving abilities. These skills show that you can thrive within a team, adhere to deadlines, and provide excellent customer service.

The Role of Keywords and ATS

Here comes the tricky part - The Applicant Tracking System (ATS). Many companies use the ATS to scan resumes for specific keywords that match the skills they are looking for. This system helps narrow down the pool of candidates by selecting those whose skills (and associated keywords) match closely with the job description.

Using appropriate keywords effectively in your skills section increases the chances of your resume passing through this electronic filter. Although creating a list of relevant hard and soft skills is essential, it's just as important to ensure those skills are presented using the right terminology. You need to use the same language used in the job posting or the industry jargon. That's the language the ATS is programmed to search for.

Connecting Keywords, ATS, and Skills

The relationship between keywords, ATS, and your skills is crucial. These three elements need to work in harmony to enhance the effectiveness of your resume. When you list your skills, you should incorporate relevant keywords from the job description. This will give your resume a better chance of ranking higher in the ATS, and consequently getting noticed by hiring managers.

Remember, while it's crucial to use appropriate keywords, don't simply copy and paste the entire job description into your skills section. Your skills should be authentic and accurately reflect your professional abilities. Employers value honesty and authenticity, and false representation could lead to problems down the road.

In sum, the skills section of your Loan Processor resume plays a key role in depicting your professional aptitude. Balancing your hard and soft skills and strategically using keywords in alignment with ATS norms creates a better chance of your resume getting noticed. Doing this right means you are not only qualified for the job, but also a standout candidate in the eyes of both automated systems and human recruiters.

Top Hard & Soft Skills for Full Stack Developers

Hard Skills

  • Loan processing
  • Financial analysis
  • Regulatory compliance
  • Credit analysis
  • Loan underwriting
  • Risk assessment
  • Loan documentation
  • Loan origination systems
  • Mortgage lending
  • Loan servicing
  • Loan closing procedures
  • Loan product knowledge
  • Loan application review
  • Loan approval process
  • Loan disbursement
  • Soft Skills

  • Attention to detail
  • Time management
  • Problem-solving
  • Communication
  • Customer service
  • Organization
  • Adaptability
  • Teamwork
  • Critical thinking
  • Stress management
  • Interpersonal skills
  • Analytical skills
  • Decision-making
  • Conflict resolution
  • Professionalism
  • Top Action Verbs

    Use action verbs to highlight achievements and responsibilities on your resume.

  • Analyzed
  • Reviewed
  • Processed
  • Verified
  • Evaluated
  • Assessed
  • Communicated
  • Collaborated
  • Negotiated
  • Resolved
  • Documented
  • Approved
  • Managed
  • Coordinated
  • Facilitated
  • Implemented
  • Monitored
  • Audited
  • Complied
  • Investigated
  • Finalized
  • Escalated
  • Corresponded
  • Calculated
  • Updated
  • Informed
  • Conducted
  • Solved
  • Addressed
  • Processed
  • Issued
  • Prepared
  • Presented
  • Advised
  • Guided
  • Supported
  • Educated
  • Education

    To add your education and certificates to your resume, initiate by writing the "Education" section near the end of your resume. Start with your most recent educational experience, include the institution's name, location, degree obtained, and the dates you attended. For certifications, create a separate section titled "Certifications." Use a similar format, but include the title of the certificate, the issuing organization, and the date of achievement. For a loan processor, relevant certifications could be the Certified Mortgage Processor (NAMP-CMP) or the Certificate in Loan Processing.

    Resume FAQs for Loan Processors


    What is the ideal resume format for a Loan Processor?


    The most recommended resume format for a Loan Processor is the reverse-chronological format. This format highlights your work experience by listing your most recent job first, followed by previous roles in reverse chronological order.


    How long should a Loan Processor resume be?


    A Loan Processor resume should typically be one page in length. However, if you have extensive relevant experience, it can be up to two pages. The key is to be concise and highlight only the most relevant information.


    What keywords should be included in a Loan Processor resume?


    Some essential keywords to include in a Loan Processor resume are: loan processing, underwriting, mortgage lending, credit analysis, document preparation, compliance, customer service, attention to detail, and any specific software or systems you have experience with.


    How can I make my Loan Processor resume stand out?


    To make your Loan Processor resume stand out, quantify your achievements with metrics and numbers whenever possible. Highlight any specialized certifications or training you have completed. Additionally, tailor your resume to the specific job posting by incorporating relevant keywords and requirements.


    Should I include references on my Loan Processor resume?


    It is not necessary to include references on your Loan Processor resume. Instead, you can simply state 'References available upon request' at the bottom of your resume. Employers will request references from qualified candidates during the interview process.

    Loan Processor Resume Example

    A Loan Processor plays a crucial role in evaluating and processing loan applications. They meticulously review applicant information, analyze financial data, assess risk factors, and ensure strict compliance with lending regulations. This detail-oriented position is pivotal in facilitating the loan approval process. When crafting a resume for a Loan Processor role, emphasize your experience in data entry, numerical ability, and comprehension of financial regulations. Highlight your proficiency in using loan processing software and databases. Showcase your excellent organizational skills, ability to multitask, and commitment to providing outstanding customer service throughout the application process. Relevant certifications or coursework in lending practices can further strengthen your candidacy.

    Everett Elliott
    (832) 462-5589
    Loan Processor

    Highly motivated and detail-oriented Loan Processor with extensive experience in analyzing financial data, verifying documentation, and ensuring compliance with lending regulations. Proven track record of efficiently processing loan applications, collaborating with cross-functional teams, and maintaining excellent customer relationships. Skilled in utilizing various loan origination systems and proficient in troubleshooting complex loan scenarios.

    Work Experience
    Senior Loan Processor
    01/2019 - Present
    Bank of America
    • Processed an average of 50 loan applications per month, consistently exceeding team targets by 20%
    • Collaborated with underwriters and loan officers to streamline the loan approval process, reducing turnaround time by 30%
    • Implemented a new quality control process, resulting in a 95% accuracy rate in loan documentation
    • Trained and mentored a team of 5 junior loan processors, fostering a high-performance work environment
    • Received the 'Employee of the Quarter' award twice for outstanding performance and customer service
    Loan Processor
    06/2016 - 12/2018
    Wells Fargo
    • Processed an average of 30 FHA, VA, and conventional loans per month, maintaining a 98% accuracy rate
    • Collaborated with loan officers to gather and verify borrower information, ensuring completeness and accuracy
    • Utilized Encompass and Calyx Point loan origination systems to efficiently manage loan files
    • Assisted in implementing a paperless loan processing system, reducing physical storage space by 75%
    • Received multiple positive reviews from customers for providing exceptional service and clear communication
    Loan Processing Assistant
    09/2014 - 05/2016
    Quicken Loans
    • Assisted senior loan processors in preparing and organizing loan documentation for 40+ files per month
    • Conducted initial reviews of loan applications, identifying missing information and potential red flags
    • Communicated with borrowers to obtain additional documentation and clarify discrepancies
    • Maintained accurate records in the company's proprietary loan origination system
    • Participated in regular training sessions to stay updated on industry regulations and best practices
  • Loan Origination Systems (Encompass, Calyx Point)
  • Financial Analysis
  • Documentation Verification
  • Regulatory Compliance
  • Customer Service
  • Underwriting Assistance
  • Data Entry
  • Problem-Solving
  • Attention to Detail
  • Time Management
  • Team Collaboration
  • Mortgage Lending
  • Credit Analysis
  • Risk Assessment
  • Workflow Optimization
  • Education
    Bachelor of Science in Finance
    08/2010 - 05/2014
    University of Texas at Austin, Austin, TX