Loan Processor Resume (w/ Samples)

Loan processor resume
Created by CakeResume

If you’ve searched online for loan processor duties and job descriptions that are suitable to be included in a loan processor resume, but still aren’t sure about what’s the right one, we’re here to help! Let’s begin our journey to understand how to write the perfect loan professor resume now!

First of all, let’s start by understanding the job duties and responsibilities of a loan processor.

The job of a loan processor (also referred to as a mortgage loan processor) is to double-check loan applications and ensure that they are valid and ready to be passed on to the underwriter for the final confirmation.

What’s the difference between a Loan Processor, a Loan Officer, and an Underwriter? 

  • Loan Officer: A loan officer is someone who has direct contact with clients and assists them in determining which loans match their needs.
  • Loan Processor: A loan processor goes through the documents and checks to make sure that they are complete. 
  • Underwriter: An underwriter is in charge of determining whether or not a client qualifies for the requested loan.

🔎 Fun facts: Hiring managers only look through resumes for less than 6 seconds. How can you leave a lasting impression in such little time? It’s important to create a professional loan processor resume to attract recruiters’ attention and increase your chances of getting a job interview.

It’s essential to thoroughly understand the mortgage processor job description for resume, your objective for loan processor resume, qualifications for a loan processor resume, and what to write as your loan processor resume skills. 

Now that you know all the basics, let’s move onto our main goal: how to write a professional loan processor resume.

How to write a loan processor resume?

Step 1: Understand the differences between a CV and a resume.

Before writing a resume, we have to understand the differences between a mortgage processor CV and a mortgage processor resume. 

There are 3 main differences between a CV and a resume.

 Is usually within 2 pages, and the     information included is concise.

CV

  • Focuses on professional information about the candidate
  • Mainly used for applications in academic, medical, or scientific fields
  • usually over 2 pages, and it can be longer depending on the years of work experience
  • usually very clean and simple

Resume

  • Emphasizes on significant details related to the job
  • Used for a standard job application
  • 1 page
  • Can be adjusted to fit the needs of various career fields

Step 2: Choose the right loan processor resume format. 

Now that you understand the key differences between a CV and a resume, let’s move onto choosing a suitable format for a loan processor resume.

There are 4 most common types of resume formats. 

✧ Chronological resume format:
This is also referred to as ‘reverse chronological format’, because the history of employment and relevant accomplishments are listed from the most recent ones to the oldest. This is a resume format that is most popular among job applicants.

✧ Functional resume format:
This resume format puts emphasis on the skills of the candidate, since the relevant skills and accomplishments would be the key information, rather than the employment history.

✧ Hybrid/Combination resume format:
This is a combination of the chronological and functional resume formats. The hybrid/combination resume format focuses on the applicant’s qualifications, while also displaying the history of employment. The qualifications (relevant skills and experience) are listed first, followed by the work experience written in reverse chronological order.

✧ Targeted resume format:
This resume format targets a specific company or position, so that it will be fitting to the dream job of your choice, which usually has more of an advantage compared to the common resume format.

👍 Tip: For our mortgage loan processor resume example, we will use the chronological resume format.

Step 3: Look up loan processor resume templates & examples.

After choosing a fitting resume format, it’s time to search for resume templates and loan processor resume examples so that you can display your professional information clearly to the employer.

✅ CakeResume offers free loan processor resume templates.

Step 4: Tailor your resume for the loan processor job position.

Since you are creating a resume for a loan processor position, it’s important to craft your resume accordingly.

  • Do thorough research on the company and position before you start on your mortgage processor resume.
  • Search the keywords ‘mortgage processor job description for resume’ online if you aren’t sure where to begin.
  • Once you have a clear idea of resume writing, it will be easier for you to write a professional loan processor resume objective and resume summary.

Step 5: Craft a loan processor cover letter

After the completion of your resume, it’s time to write a cover letter. A loan processor cover letter serves as a greeting to your potential employer. Greeting your potential employer through a well-written cover letter shows that you are eager to take on the job. This will increase your chances of landing an interview for your dream job. 

We will discuss how to write a mortgage loan processor cover letter in detail later on in the article.

Step 6: Proofread.

Before submitting your job application, make sure to double check for any errors. It’s important that all of your contact information is up to date, so that the hiring manager can contact you if they are interested.

Don’t forget to convert your loan processor resume and loan processor cover letter into PDF files, so that the format is not affected when it is viewed on different devices.

What to put on a resume for a loan processor?

Here is a list of 8 key segments that should be included on a mortgage loan processor resume.

1. Resume Profile 

Resume profile is a crucial part of a mortgage loan processor resume, since it’s the first section that is viewed by the hiring manager. 

It’s important to provide complete information, so that the HR can easily contact you if they are interested in having an interview with you. 

Here are 5 important personal details that you should include in your resume profile. 

  • Full Name: Your full name should be written at the very beginning of your resume profile, preferably in slightly larger font.
  • Professional Title: A professional title can help the employer learn about your professional status with just a glance. 
  • Phone Number: Make sure your phone number is correct, since most hiring managers prefer to call candidates directly for a quick phone interview to make sure that they’re interested in the job.
  • Email: An email address is essential as well, since there might be information that hasn’t been clarified during the phone interview. 
  • Home Address: Keep in mind that you don’t have to put your full address; writing only the city and district is fine, and remember to put your country if you are applying for a job overseas.

✅ Note: 

Apart from the 5 key details that should be included in your resume profile, below is optional information that can help your resume stand out among dozens of others.

LinkedIn ProfileIf you have 3 to 5 years of work experience, it’s impossible to fit all of your outstanding achievements on your resume. Provide a link to your LinkedIn profile, so that the hiring manager can learn more about you if necessary. 

Loan processor resume profile example:

Sarah Jones

Detail-oriented loan processor with 5+ years of experience handling consumer loans

[email protected] 
Atlanta, Georgia (USA)
404-578-0107

2. Resume Headline

A resume headline is a short and concise phrase that explains how you are the ideal one for this job position. 

Think of it as the title of a book - what kind of title would make the hiring manager stop and look through the rest of your resume?

Example of a loan processor resume headline: 

Accurate and efficient Loan Processor with over 7 years of experience.

3. Resume Summary

What comes next is your loan processor resume summary, which is written below your resume headline to further explain your qualifications. It is usually a short paragraph or a list of bullet points. 

A loan processor resume summary is similar to the summary on the back of a novel - writing a professional resume summary will increase the chances of your resume being picked and read among dozens of other applicants’. 

Example of a loan processor resume summary: 

  • Outstanding performance in maintaining credibility for previous organizations 
  • Excellent customer service skills & easily understands the needs of clients
  • Punctual in submitting loan applications
  • Expert at analysis and evaluation of loan applications

💡 Reminder: A summary of qualifications for a loan processor resume is very important because it’s one of the first sections a hiring manager looks at to decide whether or not you are suitable for the job. 

4. Resume Objective

What can you write as your objective for a loan processor resume?

To write a suitable loan processor resume objective, here are some questions you can ask yourself. 

  • Why do I want to work for this company? 
  • What’s my goal or purpose in this job position? 
  • You can consider looking for resume objective examples for mortgage processor online.

Example of a a mortgage loan processor resume objective: 

  • Seeking a position as a Mortgage Loan Processor in a fast-paced working environment
  • Eager to learn & overcome challenges

5. Skills

If you’ve searched for the keywords ‘loan processor skills resume’ or ‘mortgage loan processor resume skills’, but you’re still uncertain about what skills are considered ‘relevant’.

Below are some examples for you to include in the loan processor skills resume section.

Technical Skills:

  • Quick and efficient at processing loan applications
  • Experience with loan software programs 
  • Customer service (Experience working with clients)
  • Risk assessment
  • Sales 

Non-technical Skills:

  • Communication skills (Verbal & Written)
  • Collaborative teamwork skills
  • Problem solving skills
  • Detail-oriented
  • Punctuality 

6. Work Experience

As for your work experience, list relevant experience in reverse chronological order, from your most recent job, and backtrack to previous ones.

Example of work experience for a loan processor resume: 

Loan Processor
St. Peter Banking Services
05/2018 - 08/2020

Loan Officer

City Mortage
06/2014 - 04/2018

7. Education

List your level of education and notable academic achievements.

Example of education: 

University of Virginia
B.S. in Commerce
2011 - 2015 

  • Graduated with a GPA of 3.8 
  • Excelled in accounting coursework 

8. Additional Information 

As for additional information, add any certificates, projects, awards, hobbies, and references you have. 

CakeResume provides the right loan processor resume templates & formats for you to showcase your skills and experiences. Sign up to create and download the best loan processor resume now for FREE!

Tips for writing the best mortgage loan processor resume

👍Tip 1: Customize the resume for the job.

Since you’re writing a mortgage loan processor resume, it’s important not to stray away from your main goal. Try to write your resume according to what the company and job position needs. Customize your resume to persuade the employer that you’re the best candidate for this position.

👍Tip 2: Quantify results on resumes.

It’s important to let the recruiter see how much you’ve done in numbers. Listing your achievements in numbers is much more convincing than plainly listing your past experience.

👍Tip 3: Craft an ATS-friendly resume.

Most loan processor resumes are scanned through an ATS (short for Applicant Tracking System) software before reaching the actual hiring manager who then looks through it. Below are 5 rules that you can consider to create an ATS-friendly mortgage loan processor resume. 1. Apply for roles that you have required qualifications. 2. Include relevant keywords. 3. Use the correct file type. 4. Make your resume easy to read. 5. Do not apply for multiple different positions in the same company.

👍Tip 4: Include resume action words.

Resume action words are verbs that you can use to highlight your talent while listing your qualifications for a loan processor resume. For example, instead of saying you “led” a project, stating that you “coordinated” or “oversaw” a project is much more powerful and convincing.

👍Tip 5: Use strategies for different loan processor resumes.

Below are a few tips on how to write a loan processor resume for different work experience levels and fields.

(1)  Entry-level Loan Processor Resume 

If you are applying for an entry-level position as a loan processor, you may not have as much experience in the financial industry. However, do keep in mind that the most important soft skills as a loan processor are accuracy and efficiency. If there are any relevant experiences that show your detail-oriented personality, state it in your loan processor resume. 

💡Tip: Scroll to the bottom of this article for an entry-level loan processor resume sample.

(2) Junior Loan Processor Resume/Junior Mortgage Loan Processor Resume

By the time you need to create a junior loan processor resume, it’s very likely that you’ve already had 3 to 5 years of experience in finance-related jobs. Remember to list your employment history in reverse chronological order, and highlight your biggest accomplishments in your past jobs. 

(3)  Loan Processor Assistant Resume

In a loan processor assistant resume, you should state your ability to process loan applications efficiently, so that the loan officer can find a reliable work partner. 

(4) Senior Loan Processor Resume

By the time you need to craft a senior loan processor resume, you’ve most likely had over 5 years of experience or more. What are some of the biggest accomplishments you’ve achieved during your career? Remember to list them using resume action words, so that you can shine among other candidates. 

(5) Consumer Loan Processor Resume

The most important part of your consumer loan processor resume is your expertise in identifying the most suitable loan for your client. If you have a wide variety of experiences in the financial industry, mention it in your loan processor resume. 

(6) Home Equity Loan Processor Resume

For a home equity loan processor resume, you can state that you have the ability to tell the difference between the current market value of a house and the client’s due mortgage balance. This will prove that you can correctly assess a loan application before it is passed on to the loan underwriter.

How to write a loan processor cover letter?

1. Contact Details

Similar to your loan processor resume, your loan processor cover letter should begin with your contact information, so that the HR can easily get in touch with you. 

List of contact details you should include in your mortgage loan processor cover letter:

  • Full Name
  • Email Address
  • Mobile Phone Number
  • Home Address (City & District)
  • Professional Accounts or Websites (e.g. LinkedIn, CakeResume, Medium, etc.)

2. Introduction

Start with a simple yet convincing introduction about yourself. Apart from stating your full name, let the hiring manager know your professional status and most impressive and relevant work experience. 

3. Motivation (Intention to Apply)

This is similar to your loan processor resume objective. State your goal and motive of applying for this job. 

4. Qualifications

Having motivation isn’t quite enough; you can let the employer know why you are the best candidate for this job position by listing some of your qualifications relevant to the job.

You can refer to your summary of qualifications on the loan processor resume, but try to paraphrase it to avoid overlapping content. 

5. Closing 

End your mortgage loan processor cover letter by thanking the hiring manager for reading. They’ll definitely appreciate it!

Further reading:  The Cover Letter to Land Your Dream Job

Loan processor resume sample

John Downey

Efficient mortgage loan processor with 4+ years of experience handling home equity loans

[email protected] 
604-764-8403
Richmond, Virginia (USA) 

Professional Summary

  • Adept at analyzing and evaluating loan applications
  • Oversaw a project with over 30+ team members, working together to improve loan application procedures
  • Trustworthy in following regulations & rules

Work Experience

Loan Processor
QuickinLoans
Mar 2018 - Jun 2020

  • Declined a questionable loan application, saving the bank from losing $4.7M 
  • Praised by loan officer and underwriter on efficient loan processing & analysis 

Banking Assistant
LoanFunder
Aug 2015 - Feb 2018 

  • Outstanding performance in customer service, processing deposits & payments
  • Collected data regarding financial status from 1000+ clients

Education

University of Virginia
B.S. in Commerce

2011 - 2015

  • Graduated with a GPA of 3.8 
  • Excelled in accounting coursework

Skills

Hard Skills:

  • Calyx 
  • Encompass 
  • Excel 
  • Microsoft Outlook 
  • Word Access

Soft Skills: 

  • Decision making 
  • Detail-oriented 
  • Interpersonal communication 
  • Negotiation skills 
  • Time management

--- Originally written by Celine Chien ---

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