Loan Processor Resume: Template Download, Top Tips & Examples

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Being a loan processor requires dedication and caution as you’re responsible for gathering all the paperwork needed to get a loan, as well as administering and processing it.

Firstly, a loan processor has to have some solid mathematical background, but more importantly, they need to know how to present it to a recruiter. This is where learning how to write a resume is essential!

According to data from the Bureau for Labor Statistics, there were 354,600 loan officers employed in 2021, and the number of loan officers in the US could rise by 4% by 2031. So, it could be a steady, secure sector to get into.

Read on for some tips and tricks on how you can create the best loan processor resume that will land you the job you are looking for. Otherwise, if you know what to include and are ready to get on with your new design, you can use already-available resume templates and just fill in the blanks!

When making your resume, you need to create something that will catch a recruiter’s eye but still convey a clear message to the employer that you’re the right fit for the job. 

With this purpose in mind, here are some tips that you should keep in mind when designing your resume: 

• Add spacing – Avoid visual fatigue by keeping a balance between text and white space.
• Be consistent – Keep styles and font sizes consistent throughout the resume; don’t change them if you want to accentuate some parts. Instead, use bolded words or italics.
• Double check everything before you send the resume, including spelling and grammar.
• Be clear and direct and always add only relevant information – Remember to only add information that is correct and important for the job you’re applying for.
• Use bullet points – Make your resume more skimmable by using bullet points that would be only a sentence long.

Now let’s see an example, in order to give you an idea of what the basic layout for a loan processor resume looks like: 

resume Example

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[Jane Robinson]

[Loan Processor]

[tel: 631-555-0003 | j.robinson@email.com | LinkedIn profile]

Summary

A well-established, diligent Loan Processor with over six years of experience in protecting the credibility of organizations, while also providing clients seeking loans with quality assistance and reputable service. Skilled at analyzing and evaluating loan applications and preparing final contracts with a proven ability to cultivate trustworthy relationships, provide assistance, and abide by all regulations and laws.

Experience

ABC Bank | New York, NY

Loan Processor

April 2018 – January 2023 

• Assisted home buyers seeking loans, ensuring proper privacy and security of customer files.
• Made recommendations for alternative actions, and increased customer satisfaction by 8% according to a company survey.
• Efficiently processed loan applications on a daily basis, with the average turnover rate of 10 working days.

Wells Fargo | New York, NY

Junior Loan Processor

July 2016 – March 2018 

• Ran through credit reports and advised clients on financial situations.
• Helped clients understand the terms and implications of the loan agreement.
• Worked efficiently to process loans as quickly as possible, handling around 21 files a month; above the company average.

Education

University of Phoenix  | Phoenix, Arizona

Bachelor of Finance Studies

September 2011 – July 2015

• Graduated with distinction

Skills

• Time management
• Risk analysis skills
• Strong organizational skills
• Problem-solving
• Negotiation

• Knowledge of specific banking and computer software 
• Advanced mathematical skills 
• Legislation knowledge

Certifications

• Certified Credit Specialist

Languages

• French – C1 advanced level
• German – B2 upper intermediate level

The most common trouble we face when drafting our resume is that we have the information at hand but lack the structure. The first thing you need to do is find a resume format that works for you. 

Furthermore, some formats do perform better than others. For instance, the Applicant Tracking Systems (ATS) that most medium and large finance companies use is most fond of the reverse chronological resume format. 

Nonetheless, what format structure you choose depends on your level of experience. Here are the three main formats:

Reverse Chronological Format 

• This formatting is suitable for professionals with an established career and no drastic work gaps. 
• Within the experience section of this type of format, your jobs are listed starting from the most recent and going backward.

Functional Format

• If you are just starting out and writing an entry-level loan processor resume, the structure of a functional format can make a more suitable option. Specifically, the emphasis of this type is on your skills.
• The main points on which this format focuses include a richer resume introduction and skill section.

Hybrid Format

• If you are someone that has both experience and skills, then the hybrid format is the most suitable option. 
• You can showcase your working background and everything you’ve accomplished in previous jobs, as well as point out to the recruiter that you have additional skills that can help their business.

A summary or objective can help you stand out from other qualified applicants who possess similar skills. But which one do you need on your resume? 

• A resume summary is used when you have experience working in the field. In essence, this will help you highlight all points in your previous jobs that are perfect for the position you’re applying for. 
• On the other hand, a resume objective is used if you don’t have a working background or have just started building one. Usually, university students or those that have just graduated use a resume objective. 

Regardless of which one you’re writing, you should note that both are introductory statements, meaning they go at the start of your loan processor resume, so they are the first thing a recruiter notices.

For this purpose, they need to be straightforward and no longer than a few lines.

Entry-Level Resume Objective Examples

A resume objective in a junior loan processor resume will show that although you don’t have work experience, you have the skills needed for the job. 

Let’s see some examples of how you should and shouldn’t write it. Can you see the problem with the first one?

Firstly, unfortunately it is not formal enough in tone. Secondly, having a degree is great, but what special skills has this candidate mentioned? There are no specifics.

Here is an example of what an up-to-scratch objective looks like:

In contrast, this example is written more formally, without contracted forms or phrasal verbs. They also name the company, which shows attention to detail.

What About an Experienced Loan Processor’s Resume Summary?

A good summary focuses on a candidate’s work experience. Take a look at this strong example.

To be taken seriously, you need to use a professional tone and cut straight to the chase – don’t overdo it and add too many frills.

Your employment history is where you can paint a picture that most accurately captures your competencies. 

In view of this, here is what you should pay the most attention to for a strong experience section: 

• Include the job title.
• Following this, add the name of the employer. 
• Thirdly, make sure you place the correct dates of work and location. 
• Lastly, capture the main duties you performed under 4-5 bullet points, and include details or stats if you can. 

Moreover, note that the requirements for this role vary depending on the level:

• Entry-level processors are expected to have a Bachelor’s degree in finance. Experience as a customer support representative or a teller also goes in favor.  
• A commercial loan specialist should have at least one or two years of experience. 
• Finally, senior loan processors are required to have a minimum of three to five years of experience. 

Experience Section Examples

When you’re writing the experience section of your resume, it’s better to go for quality instead of quantity. To put it plainly, you should add everything you’ve worked on in your previous job but in a simple and direct way.

Here is another incorrect example, this time to show how your experience section shouldn’t look:

This is short and sweet, yes, but it lacks specifics. First, how fast were the loans processed? The second mystery is what they talked with clients about? In addition, the employer, dates and location could be formatted better.

Now that you know how you shouldn’t write the experience section, here is a better example.

Can you see why this is a stronger example?

The format is neater, it includes more detail, as well as some stats from the candidate’s time at the company. Don’t invent this (you might be asked more about it in an interview!) but do use solid key performance indicators from your work experience to sell yourself.

If you are crafting a loan processor resume with little to no work experience, this is the section in which you can shine with your achievements in finance. 

Since most employers are looking to hire a loan processor with a bachelor’s degree, you won’t make a mistake if you leave out your high school education.

Moreover, if you are still in the process of acquiring a diploma, you can list this education and note that you’re still working through the course.

Education Section Example

Make sure to include:

• Your university’s name and title. 
• The starting/end date and the location. 
• The scores you’ve got (like your GPA, if it is equal to or higher than 3.5).

Here is an example of what this section should look like: 

A report from the Federal Reserve from November 2022 outlines how banks are making it harder for individuals and businesses to access credit by tightening standards. As a result, it’s important to make sure your profile is up to scratch and you highlight your skills in attention to detail, communication skills and analytical thinking with concrete examples. 

Take your time and read carefully through the job posting. Once you pinpoint the skills they require for the job. What skills keywords do they include in the job description? As a matter of fact, you should include some of them in your skills section. However, make sure you’re listing correct information – don’t add skills you don’t possess!

Below you can see some skills that you could add:

Everyone has a life outside of work, and there are some extras that can boost your resume. 

Without a doubt, some of these things can go into the “Other” section. Here you can list your certifications, languages, publications, volunteer work, awards, hobbies, and other activities you have. 

However, just like before, make sure that you only add ones that are relevant – even though they don’t have to be directly linked. 

For example, listing that you are coaching the local soccer team can show leadership and teamwork, as well as problem-solving and organizational skills.

Sample Extra Sections

To illustrate, we’ve included an example of how you can show another side of you that showcases additional skills that you could bring to a business. Of course, it might be the thing that makes you stand out from the competition.

OTHER

Certification

• Certified Credit Specialist

Languages

• French – C1 advanced level
• German – B2 upper intermediate level

Hobbies

• Coaching the local soccer team and organizing the league.
• Volunteering as accountant for the local soup kitchen.

To demonstrate your eligibility for a loan processor position in a way that appeals to the specific industry standards, make sure that your resume meets the following criteria: 

• Firstly, choose the right format for your education and skills – usually, a  reverse-chronological format.
• Secondly, list previous position experience in a bulleted list so the recruiter can easily skim through your resume and immediately see if you should interview for the job. 
• Then, don’t forget to add a resume summary or objective. Go back and write it when you finish the resume, so you can reflect on your most important features and accentuate them. 
• Next, make sure you add both hard and soft skills. Be short and concise, and use keywords to catch the ATS scan.
• Equally important, everything indirectly connected to the job post goes under the “Other” section. Such as publications, volunteer work, and language competency.
• Finally, double-check your information and proofread it before you send out the resume.

To this end, you know how to build a resume! Concluding, finish yours up, save it as a PDF file, submit it for your dream job, and see the magic get to work!