You know the importance of getting your clients' documents and information right. Now, make sure your resume is right, too. Our loan officer resume guide with examples is here to help.
A loan officer is someone who evaluates, authorizes, and even recommends approval of loan applications. They work with people to help them obtain their individual needs and goals.
Now, there are a variety of types of loan officers:
Tip: To become a loan officer, you need a minimum of a Bachelor's Degree.
According to the Occupational Outlook Handbook, loan officer positions are actually at a 3% growth rate, which is a pretty average pace. This means that there are over
316,900 jobs at the moment.
If you're looking to get a new loan officer job, but aren't exactly sure how to have your resume showcase you're the best person for the job, we've got your back.
In this article, we are going to cover 7 steps that will help you land any loan officer job you might have your eye on.
Here's what we'll be covering:
Individuals in the fields of accounting and finance have very professional jobs. Therefore, if you're applying to the position of a loan officer in this field, it's important for your resume to look as professional as you are.
To truly impress hiring managers, it is crucial to correctly format your resume.
There are three ways to choose from to correctly format your resume:
As a loan officer, you can work with whichever of these three formats you feel most comfortable with. If you've got tons of experience and have managed loans for multiple companies, then having your resume formatted in reverse-chronological order can help you highlight the work you've done.
If you're new to the field and have more skills to offer than actual experience, considering selecting to format your resume in a functional way.
If you've got both and really want to impress hiring managers with your skills and experience, then going with a resume formatted in a hybrid style will help your resume not only stand out, but also look professional.
It's also important to include these certain details in your resume:
Tip: Make sure to look over the posted job description and implement some keywords listed on the job you are applying for when creating your resume.
Take a look at our guide on how to format your resume if you want to learn more.
Did you know resumes are only looked at for approximately 6-7 seconds? Including a resume summary at the top of your resume may be what takes your resume and chances of getting hired to the next level.
A resume summary is a 1-2 sentence blurb that summarizes everything your resume consists of. Including this really shows hiring managers that you respect their time.
Tip: Sometimes, it's easier to write your resume summary after you have already written your resume. That way, it's easier to pick and choose what you want to include.
Here are some things to mention in your resume summary:
Here's an example of what your resume summary can look like:
Licensed and organized mortgage loan officer with 5+ years of experience in managing heavy pipelines of 50+ loans and exceeding sales targets. Looking to become a market leader through customer service and cutting-edge financial solutions.
Tip: Include an objective in your resume summary to give it that extra kick.
Here's what your resume summary should not look like:
Mortgage loan officer with 5 years experience in managing mortgage loans.
See? It just doesn't have the same feel to it.
Need more help writing a professional resume summary? Our guide on writing resume summaries has tons of examples.
To be hired as a loan officer, you need to show hiring managers that you have experience with loans and know how to finance them and evaluate them. Therefore, what you put under work experience is essential.
When listing your work experience, it is important to go in reverse-chronological order so hiring managers know what was your most recent job experience and what you learned or mastered in that job.
Tip: It's also important to highlight the specifics you did on the job and do so using good verbs.
As a loan officer, here are some job description examples you can include in your resume:
If you've been a loan officer assistant, here are some job description examples, too:
Tip: When adding your work experience to your resume, you should always include the company you worked for, your job title, your time there, and the location along with the description of what you did.
Want more tips and tricks on how to write your work experience description? Check out our guide on describing your work experience.
As a loan officer, there are many key skills that will benefit your resume and help you land the job. In fact, listing impressive and relevant skills give hiring managers more reasons to hire you because, based on your resume, they know you have the qualities they may be looking for.
Here are some examples of key skills you can include in your resume as a loan officer:
Tip: Be sure to include other key skills that are relevant to the job.
Having trouble identifying your skills? We have a guide with 100+ key skills you can include in your resume.
To become a loan officer, you do need to have a license. Therefore, it's important to have a license section in your resume.
Tip: Be sure to include that you are licensed in your resume summary, too.
Here are some licenses you can get and include in your resume as a loan officer:
If you're looking for more information on how to include certifications to include in your resume or want to know how to correctly list them, check out our guide.
As we mentioned earlier, to become a loan officer, you do need to have a minimum of a Bachelor's Degree. Let hiring managers know your education by including it in your resume.
With that said, here is how you should be listing your education in your resume:
New York University
New York, NY • 2010 — 2014
Bachelor of Science in Finance
Tip: Be sure to list your grade point average (GPA) as it is something hiring managers look at it. Do not list your GPA if it is below average.
Need more helping listing your education? We have a guide that will help you list your education in 2021 with examples and tips.
As a loan officer, you meet a variety of people, some of whom may speak different languages. Adding a languages section to your resume may be what you need to take your resume to the next level and get the job.
Being multilingual is essential as a loan officer because knowing more than one language also helps to improve your verbal communication and makes you more precise and logical in your problem-solving.
Here are some languages you can include on your resume if you know them:
Tip: Next to the languages you know on your resume, add if you're fluent, intermediate or a beginner in the language to show hiring managers just how well you know the specific language.
Need more help writing the perfect resume? We have a guide that can help you do just that.
We've covered a lot, but given you're wanting to perfect your resume as a loan officer we know you can handle it.
However, we do want to provide you with a quick summary of everything we've covered:
Now your resume is just as ready as you in your loan officer career. Best of luck!