Loan Processor Resume

Loans are an integral part of any business finance and personal financial needs. We apply for different loans like personal loans, home loans, business loans, etc. When we apply for the same, there are many documentation procedures, and other procedures that need to be completed to get the loan approved. To ensure that the procedures are completed on time, a particular person is employed for the same, who is known as the loan processor. These are people that dedicatedly work for the submitted loan applications, and try to clear the pending loan applications at the earliest. A loan processor resume will help one apply for the said position. A sample resume given below will help you draft one, but before that let us discuss the job description for the same.

Job description:

Overlook the documentation procedures, the applications, and the formalities of loan application approval
Handle loan files, speed up the processing of the loans, etc.
Check whether the application is as per the requirement of the financial company
Communicate clearly and politely with the loan applicants
Act as a mediator between the finance company and the loan applicant

A loan processor has to undergo a training that helps him/her to understand and stay updated with the latest procedures, and laws of processing loan applications. They must also be fairly acquainted with some mathematical calculation used in banks, like calculating rate of interest, installments, etc.

Loan Processor Sample Resume

Calvin M. Harmon
4166 Veltri Drive
Anchorage, AK 99501
Phone: 907-277-8241
Email Address:CalvinMHarmon@teleworm.com

Career Objective:

Seeking a position in some of the top-notch banks, wherein I would get to work on corporate loan processes, and handle the varied administrative and legal formalities associated with the same independently.

Professional Summary:

More than three years of experience working with different banks and institutions. During these three years have mastered the duties and responsibilities of a loan processor, and can perform all the duties independently and confidently.

Professional Skills:

Good interpersonal skills
Good in written communication
Proficient knowledge of mathematical calculations involved in loan processing
Extremely good knowledge and expertise in handling loan applications
Profound knowledge of the documentation and legal procedures involved in loan application processing
Familiar with the banking rules and procedures and stay updated with the latest changes in the same
Comfortable working in teams as well as individually
Self-motivated and would go a step further to solve customer queries and issues
Comfortable working in target-based environment

Work History:

KFC Bank, AK (December 2010 - till date)
Role - Loan Processor
Responsibilities:
- Reviewing loan proposals
- Thoroughly examining the loan applications, and checking the documents for authenticity
- Analyze and estimate the applicant's financial standing
- Crosscheck the applicant's Equifax, TransUnion, or Experian ratings in terms of his/her credit worthiness
- Meet the applicants in person, and interview them for the reason for need of loan and other details
- Proficient in statistic, analytic, and probability calculations
- Communicating, and maintaining rapport in the industry
Accomplishments:
Overachieved the branch's loan sales targets
AK Finances (January 2010 - December 2010)
Role: Assistant Loan Processor
Responsibilities:
- Process loan application
- Complete the documentation and updating work related to loan applications
- Keep a track of updated loan application and pending loan applications
- Compile the applications, documents, etc., and present the same to the loan processor for further perusal
- Crosscheck the documents before submitting the same to the loan processor
- Draft emails, write letters, etc., to the applicants or others, as per the senior's or team lead's direction
- Make computer records of all the applicants, and update the same regularly
- Report to the team lead or senior and discuss the day's work
Financial Solutions (November 2009 - December 2010)
Role: Loan Sales Representative
Responsibilities:
- Work in a strict target based environment
- Cold calling and meeting the interested customers to understand their loan needs
- Draft a suitable loan plan
- Help them with the documentation and process the application to the next step of approval
- Report to the team lead with daily calls, sales, etc.
- Assist in loan processing, and communicate with the client accordingly

Accomplishments:

Overachieved the sales target consecutively for five months

Educational Summary:

Bachelors of Commerce - 2009, University of AK
Loan Processor Certified Training - 2009, LPC Institute, AK

Computer Skills:

Proficient knowledge of MS Office

References:

Available on request

Signature:

Calvin M. Harmon

This sample loan processor resume, puts forth the skills and abilities of a loan processor in the resume, giving you an idea of what will be expected from your resume, if you apply for the same. Refer to the above before drafting your resume.

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