If you need loan for any reason i.e. to buy a house or a vehicle or for your kid’s college expenses, you meet with the loan processors in the banks or loan firms. A loan processor is the person who meets with the customers, gets to know their needs and requirements in a better way provide them their options, assists them to understand the situation and helps them to choose a good option for them. This also includes filling up the paper work for them, organizing their documents in the file and processing the file in the system for further steps.
Job responsibilities of a loan processor:
- Meeting with the clients or customers
- Getting to know their needs and requirements
- Presenting them their options
- Giving them information on the loan policies
- Helping them to understand the process and it’s requirements
- Assisting them with the paperwork
- Keeping the clients update with the progress on their file or loan application
Salary of a loan processor:
Just like salesmen, loan processors also work mostly on commissions on the loan policies they sell but that’s not the only case as there are many banks and loan firms that also hire these processors on regular salaries too. When they work on commissions, it’s usually something in between 10%-18% where on the other hand, if they are working on regular salaries, they earn around $60000 per year.
Here is preview of a Free Sample Loan Processor Resume created using MS Word,
Here is download link for this Loan Processor Resume,
Essential elements in loan processor resume:
- Personal information
- Work related experience
- Awards and accomplishments
- Hobbies/favorite activities
- Job related skills
- Computer skills
- Reference for previous employment
- Community or welfare work
Useful tips for writing a loan processor resume:
- Make sure that there are separate sections for each kind of information on the resume. For example, first section is for personal and contact information, second section is for previous employment history, third section is for education and forth section is for expertise and skills.
- If you think you can get the job just by making your resume more colorful and stylish, you are completely wrong and it’s the exact opposite of that. You need to keep your resume simple, short and professional with simple and easy fonts and only one style.
- Make sure to add all of your contact information in the resume properly and proofread the phone numbers, email and mail addresses twice so that if there is any mistake, you can remove it in time.
- Always add a unique and good looking objective at the top of the resume because this is the first thing that will catch the eye of the employer. Match the objective with the job description you are applying for.
- Understand that when there are hundreds of applicants for the same job, your resume won’t get more than 8-10 seconds of consideration before going into trash. This is why it’s really important that you keep your resume simple and concise.