The end result of a good Loan Officer Resume

Finding a Qualified Resume Writer for a... 
Loan Officer Resume

If you're a Loan Officer or Loan Originator, you know what your job entails. You evaluate and authorize (or recommend approval of) loan applications. That could be commercial or consumer loans. If you're a Mortgage Loan Officer, that means home loans and that means you're licensed.

Your job is one out of about 289,000 such positions in the U.S. in 2010, and you can expect over 40,000 new positions to pop up through 2020. You likely work for a commercial bank, savings & loan, credit union or mortgage company, work full time, and work darn hard.

The question is, now that you're looking for a position, can you find a resume writer who understands your occupation? A writer who talks the language of credit intermediation and underwriting? A writer who can craft a Loan Officer resume that puts your best foot forward and scores the interview in a highly competitive marketplace? Former recruiter David Alan Carter recommends the following resume services for Loan Officers... each with a Better Business Bureau score of "A" or better.

Recommended Resume Services for a Loan Officer Resume

Considering a Career Move into Loan Origination?

If you're considering a move into Loan Origination from either a closely related field (banking, sales or customer service) or from a totally unrelated profession, you'll be looking for a transitional resume -- and a talented resume writer to handle the assignment. Transitional resumes are some of the most difficult resume projects as they require a writer knowledgeable in at least two professions -- and the ability to identify transferable skills from one to the other.

Before you hand off that resume assignment, make sure you know enough about the job of a Loan Officer to... a) really want it, and b) be able to step up to the plate. Here's a quick overview (more at Wikipedia - Loan Officer):

What You'll Do: Your job will entail meeting with loan applicants to explain loan options and processes, and to gather relevant personal and/or business information necessary to qualify those applicants for a loan. You'll verify financial and credit information (i.e., credit ratings and salaries and income), approve the loan (or bump it up to management for a decision), and generally coordinate the loan process from origination to closing.

As a Commercial Loan Officer, you'll specialize in business and commercial loan for everything from company start-ups to expansion to inventory. As a Consumer Loan Officer, you'll work to provide loans to people for needs ranging from college tuition to automobile financing to everything in between. As a Mortgage Loan Officer, you'll handle real estate loans (called mortgages).

The day-to-day work of a Loan Officer requires a curious mix of mathematics and analysis, coupled with sales and customer service. Detail orientation is a must, as is a personality geared to upselling products and services if required, and assisting people through a maze of requirements to a positive financial outcome.

Education and Training: A high school diploma is a must, and a bachelor's degree (in finance, business, economics of a related field} is commonly required in the commercial sector.

Those in the real estate sector must have a Mortgage Loan Originator license, requiring the completion of 20+ hours of course work, and the passing of an exam and background and credit checks. Individual states may have additional requirements.

Certification programs are offered by a number of schools and banking associations. And though typically not required, all things being equal, such certification would almost certainly provide a candidate with a competitive advantage in the marketplace.

The Future: Allowing for fluctuation in the national economy, Loan Officer positions are expected to grow at about 14% through 2020. The best opportunities will present themselves to candidates with college degrees and lending, banking or sales experience.

The Pay: The U.S. Bureau of Labor Statistics reports a median annual wage of $68,000 for 2011, though that figure can swing wildly in the extreme due to the fact that some loan officers are paid on commission or receive bonuses based on the number of loans they originate.

Still interested in pursuing a position as a Loan Officer? Great. The next step is to prepare for a consultative telephone interview with your resume writer. Treat the coming job search like the business it is, and you'll do fine.

Best of luck,
David Alan Carter, OccupationalResumes.com

P.S. More information at the Bureau of Labor Statistics - Loan Officers  and ONetOnline.org - Summary Report for Loan Officers


Back To Top

Facebook Twitter

Tag or bookmark under:
Loan Officer Resume | Loan Originator Resume | Resume Writing Services for Loan Officers

NOTE: This website is monetized through the use of Affiliate Programs with the online providers we review. Read our Disclosure Statement for more information on our Affiliate Relationships.