How to Create a Winning Loan Officer Resume
To become a lending institution’s next great hire, you’ll need an outstanding resume. This guide will teach you how to create a winning loan officer resume.
As a loan officer, your resume is one of the most important tools you have. It's what will get you past the initial screening and into the hands of a hiring manager. A good loan officer resume should be tailored to fit your specific skills and qualifications. However, there are some key items that are universal for every loan officer resume. This guide will cover all of these points so you can create an attractive, winning resume too!
Key Components of a Loan Officer Resume
Every resume should have a few key components that are universal to all of them. You want to make sure you're communicating the information in the way the hiring manager is expecting. To learn what goes into a winning loan officer resume, read on!
The Basics of the Objective Statement
The objective statement is one of the most important aspects of your resume. It gives a very short and concise summary of what you want to do and how you plan to achieve it.
A good objective statement will be about one sentence long, and should reflect your goals and ambitions for this position. It's also important to tailor the objective statement to the specific job for which you're applying.
Some examples of an objective statement include:
- To create a dynamic work experience as a loan officer with this company"
- To be able to work with new technologies in order to provide exemplary service"
- To use my skills as a loan officer to help people buy homes"
Add Your Career Summary
A career summary is an important part of your resume. It should be strategically placed near the top of the page so the hiring manager has an immediate understanding of your qualifications for the position.
The summary should only be two to four sentences long and highlight your professional experience, skills, and accomplishments. You can use specific numbers to quantify large accomplishments, like "Increased deposits by 20% in 6 months" or "Recognized by company-wide awards."
If you're more senior in your career, you may want to also include a brief explanation of how you've progressed in your field - companies love candidates with upward mobility!
Include Skills and Qualifications
The first step to creating a good loan officer resume is including the necessary skills and qualifications. When you're applying for a job, you want to make it as easy as possible for the hiring manager. You don't want them to spend time trying to figure out if your skills meet what they need.
Including these items will make the process easier for the hiring manager, which will lead to a faster turnaround time. You also give them a list of your credentials from the start, so they know you have what they're looking for from day one.
Start by making a list of all of your skills and qualifications. Include anything that might be important in your line of work, like specific software or computer programs you are knowledgeable with. List things like certifications, licenses, previous experience working in this industry, and education related to the position you're applying for. The more information you provide upfront about yourself, the easier it will be for potential employers!
Showcase Your Experience
The most important section of your resume is the work experience section. This is where you tell your story, highlighting your qualifications and previous successes in the field.
When writing this section, make sure to cover each position in detail, describing what you did and why you were well-suited to the role. It's also good to mention any prior experience that will help you in this current job. For example, if you have experience with lending software, mention it.
Make sure not to leave out your responsibilities! This will be helpful when a hiring manager reviews your resume and has questions about why they should hire you.
What Goes in Your Professional Portfolio?
A large part of any job search is creating and maintaining a professional portfolio. A resume is only one component of this portfolio; you also need to include samples of your work like letters, memos, reports, and memos.
In addition to these samples, you should have a cover page that includes the following items:
- Telephone number
- Email address
- Job title(s) for which you are applying
- Dates relevant to employment history for which you are applying
Your resume will be stronger if you have at least one reference listed. References are helpful because they're able to vouch for your skills and qualifications as well as your work ethic.
Keep in mind that references should be knowledgeable enough about you and your work to make a positive statement on your behalf. Choose someone who knows you well and is willing to speak positively about your skills and abilities.
If you don't have any professional references, choose a personal acquaintance that you've worked with closely. This person should be able to speak to your skills and abilities as well as what kind of person you are.
Select the Right Format for your Loan Officer Resume
When you're writing your resume, you need to decide what type of format would be best for it. This decision will be based on the type of job you're applying for.
If you're applying to a position as a bank teller, then a chronological resume would work well. A chronological resume lists work experience in reverse chronological order, starting with your current or most recent position and going back through previous positions.
If you're applying to a loan officer position, then a functional resume is best. With this type of format, your skills and qualifications are categorized by types of skills instead of chronologically listed. This way, hiring managers can see at-a-glance all the different areas where you have expertise and what those areas are.
In addition to deciding which type of format is best for your resume, there are other key points to keep in mind when creating your loan officer resume:
Attach a Cover Letter for your Loan Officer Resume
A cover letter is an essential component of any resume. Your cover letter is where you can sell yourself to a potential employer and demonstrate your qualifications for the job. This is your opportunity to introduce yourself and show why you're perfect for the position.
Your introduction should include your contact information, your years of experience in the field, and a brief summary of why you're applying for this particular position. You should also briefly state what qualifies you and mention anything that sets you apart from other applicants.
Check out this sample cover letter as an example:
Dear Hiring Manager,
Enclosed is my resume for the Loan Officer position at ABC Financial Services. I am very interested in joining your company as a Loan Officer with my ten years of experience as a loan officer and four years as a Branch Manager at Bank XYZ.
I am confident that I have the skills and qualifications necessary to successfully contribute to ABC's team and help grow its business which is why I'm excited about this opportunity to join your company.
There are a few key guidelines every resume should contain. First, you want to make sure your resume is well-written and easy to read. Make sure you don't use any fancy words or phrases that would confuse a hiring manager. Keep your sentences short and follow a traditional format.
Next, you want to include as many relevant skills as possible. You should also emphasize those skills that are most relevant to the position for which you're applying. Finally, make sure to include information about your work history and education level as well as your hobbies and activities.