How to Write Mortgage Banker Resume with these Tips and Examples
Read on to learn how to write mortgage banker resume with tips and examples.
The mortgage industry is competitive, and it's important to present yourself in the best way possible to get your dream job. A resume is often the first thing a recruiter will see, so make sure you have a quality one.
An objective statement that describes your career goals should be the first section of your resume. It should also include all relevant experience, education, skillset, and credentials. Tailor each resume for each position you are applying to. Sometimes you need to check out various jobs before finding the right one, which can justify why there are many different versions of your resume floating around. To learn how to write a mortgage banker resume with these tips and examples, read on.
What is a Mortgage Banker?
As a mortgage banker, you would be responsible for the lending process from start to finish. Everyday tasks involve working with borrowers and lenders while also staying up-to-date on any changes in the industry.
A mortgage banker is responsible for the lending process from start to finish. Everyday tasks include working with borrowers and lenders while staying up-to-date on any changes in the industry.
Mortgage bankers are loan officers who work closely with either consumers or businesses to help them get loans at reasonable rates. Mortgage bankers need a variety of skills—they should enjoy meeting people, have a good understanding of numbers, and have a strong knowledge of mortgages.
Choose the Best Format for Mortgage Banker Resume
There are a variety of resume formats to choose from, so it's important to choose the one that best suits your needs.
This format is simple and straightforward. It lists your most recent experience first. If you're just getting started in the mortgage industry, this is a good option for you! You can use this resume format if you want to highlight your most relevant experience.
This format emphasizes the responsibilities and skills associated with a position. This is often used when someone has been working in the same field from multiple jobs or careers. The functional resume highlights skills and expertise independent of employment history, making it a great choice for those who want to switch industries or jobs.
This format combines both chronological and functional sections. For example, it might list education first followed by work experience. The two sections will be separated by a thin line, making it easy for readers to find pertinent information quickly.
How to Write Resume Summary or Resume Objective for Mortgage Banker
What is the first thing people see when they open up your resume? It's your summary or objective statement. This section should ideally be one sentence long and tell the reader what you're looking for in a position to help them decide whether or not to keep reading.
Below are some examples of how to write an objective statement for a mortgage banker:
- I am seeking a position as a mortgage banker where I can use my experience and education to cultivate relationships with clients and provide excellent customer service.
- I am skilled at negotiating loan terms over the phone, over email, and in person. My goal is to become an expert in this field.
- I work well under pressure, always meeting deadlines with efficiency and accuracy. My goal is to work as a mortgage banker where I can put my skillset into action on a daily basis.
Job Description for Mortgage Banker Resume
Mortgage Bankers help clients and potential clients apply for mortgages and provide related services. They might need to build a mortgage profile of the borrower, including their credit history and debt-to-income ratio. Mortgage bankers also advise clients on how to meet mortgage requirements, such as down payments and debt ratios.
The average income of a Mortgage Banker is $77,000 per year, according to Indeed.com.
Write your Education as Mortgage Banker
You'll want to include your education on the resume. The most common education for a mortgage banker is related to finance, economics, or business. Most of this education will be earned at the bachelor's level. However, many people have attended graduate school for MBA programs or pursued higher degrees in finance.
How to List your Skills as Mortgage Banker
When applying for a mortgage banker position, it's important to highlight your skills and experience. As a mortgage banker you'll be required to do a number of different tasks, so this section is crucial. List the most relevant skills and your specialty.
As a mortgage banker, you'll need to have excellent organizational and analytical skills. You'll also need good communication skills as you'll be working with clients and coworkers daily.
You could also include additional technical skills like system architecture, business intelligence, data warehousing, enterprise resource planning (ERP), and project management.
Write a Cover Letter for your Mortgage Banker Resume
A cover letter should be submitted with your resume to provide more information about yourself. The letter should include your qualifications, career goals, and interests, as well as why you want the position you are applying for.
To write an effective cover letter, follow these tips:
- Include a brief introduction of yourself. Address the company's needs in your introduction paragraph. For example, "I am a recent graduate from the University of Phoenix with a degree in finance."
- Explain why you are interested in this particular position. For example, "I am highly committed to providing exceptional customer service and account management to my clients."
- Include what sets you apart from other applicants. You can do that by listing your relevant education and skillset or including past work experience.
- Conclude your letter by reiterating why you're interested in the position, asking for an interview or additional information about the company or position.
Tips for Job Interviews
Once you've gotten the interview, it's time to make a great impression. You need to know how to dress for success and what you should bring in order to ace the interview.
There are a few things that can help you get a leg up on your competition: Nice clothes, a positive attitude, and a good idea of what the company is looking for.
Arrange an outfit that matches the company's culture and dress code. Bring copies of your most impressive project or writing sample with you so that if they ask about your strengths, you'll be ready. Show enthusiasm throughout the entire process and remain confident in yourself.
- An objective statement should be the first section of your resume.
- Be specific about what you're looking for and what you can offer a potential employer.
- Use keywords that match the position to increase the likelihood of getting noticed by recruiters.
- Don't lie or embellish your skills or experience, as this could come back to bite you later.
- Create multiple versions of your resume for each position you are applying to.