Below we've compiled a list of the most important skills for a contract processor. We ranked the top skills based on the percentage of contract processor resumes they appeared on. For example, 13.6% of contract processor resumes contained data entry as a skill. Let's find out what skills a contract processor actually needs in order to be successful in the workplace.

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The six most common skills found on Contract Processor resumes in 2020. Read below to see the full list.

15 Essential Contract Processor Skills For Your Resume And Career

1. Data Entry

Data entry means entering data into a company's system with the help of a keyboard. A person responsible for entering data may also be asked to verify the authenticity of the data being entered. A person doing data entry must pay great attention to tiny details.

Here's how data entry is used on contract processor resumes:
  • Record keeping of customer accounts and equipment usage tracking by electronic and paper documentation, including data entry verification and procedures.
  • Reviewed contracts signed by members-Customer Service representative.-Data entry of contracts via IBM computer system.-Trouble shooting of phone calls.
  • Performed data entry and identification of faxed documents.
  • Contribute with varied clerical and data entry responsibilities.
  • Worked on a temporary project that consisted of data entry concerned with sales of alarm systems all around the country.

2. Computer System

Here's how computer system is used on contract processor resumes:
  • Completed and entered legal documents into company's computer system.
  • Use various computer systems to verify wholesale information.
  • Prepared old applications for scanning into computer system.
  • Entered new dealer information into computer system.
  • Audited salesperson calculations in the computer system to ensure that the measurements were correct by using the Quick Quote system.

3. Contract Documents

Here's how contract documents is used on contract processor resumes:
  • Coordinated weekly payroll reports summarizing any errors or omissions in the contract documents.
  • Reviewed all incoming contract documentation for discrepancies.
  • Type and audit contract documents for compliance with company standards and be responsible for verifying all contract financial information and funds.
  • Printed contract documents and checked for accuracy before giving them to the verification loan officer.
  • Input data from source contract documents to resolve questions.

4. Company Policies

Rules and regulation set by a company that reflect the company's code of conduct are called company policies. These rules apply to people anywhere in the company. The policies may apply inside and outside of the workplace. Company policies are mentioned in an organization's handbook.

Here's how company policies is used on contract processor resumes:
  • Performed administration, review and analysis of contracts to ensure compliance with contract specifications, company policies, and state/federal regulations.
  • Reviewed and processed sales documents into multiple systems timely and accurately while complying with Company policies.
  • Analyze and review lease and retail contracts to ensure compliance with state and federal laws, and company policies are met.
  • Assisted dealers with reviewing account information to insure compliance with company policies and procedures.
  • Verified information entered by other employees in Quality Control Department using multiple databases to coincide with current federal and company policies.

5. Special Projects

Those tasks that are given to the star performer of the organization are termed "special projects". These special projects are designed to add value to the organization and achieve high level goals. Employees who are part of special projects get to learn new skills and apply their existing skills differently. It also allows them to connect with colleagues working in another department.

Here's how special projects is used on contract processor resumes:
  • Coordinated along with my direct supervisor, special projects, and activities with internal departments, and outside vendors.
  • Subject matter expert who aides in quality assurance, new hire development, and special projects.
  • Assist Capital Payments Supervisor with any and all problem solving and special projects.
  • Create projects/work special projects assigned by managers using Microsoft Office.
  • Provide clerical support, multi-task, work on special projects and prepare daily cash logs for all deposits.

6. Source Documents

A source document is an original record of data that contains the details that support or justify a transaction that is entered (or has been entered) into an accounting system. It collects important information about the transaction, such as the names of the parties involved, the amounts paid (if any), the date, and the substance of the transaction.

Here's how source documents is used on contract processor resumes:
  • Filed or routed source documents after entry, print and prepared documents for mailing
  • File or route source documents after entry.
  • Contacted preparers of source documents to resolve questions, inconsistencies and missing data.
  • Provide administrative support to business operations by performing data entry of material from source documents to a computer database.
  • Compare data entered with source documents and re-entered data into verification format to detect errors.

7. Contract Data

Here's how contract data is used on contract processor resumes:
  • Record, enter, store and retrieve information using a variety of interfacing construction contract data systems:
  • Managed the contract database and all associated files.

8. Necessary Information

Here's how necessary information is used on contract processor resumes:
  • Perform employee verification audits to ensure all necessary information is documented and entered correctly.
  • Assist management with department projects and reports by gathering facts and necessary information.
  • Obtain the necessary information to validate and support the loan information; i.e.
  • Order all necessary information to complete the file; i.e.
  • Verified and researched loan applicants' employment data with employers and personnel departments by obtaining necessary information needed for loan requests.

9. Process Contracts

Here's how process contracts is used on contract processor resumes:
  • Process contracts accurately by entering information into appropriate system.
  • Process contracts verification for timeshare resort.
  • Verify accuracy on worksheets making sure commissions, name/address is correct, process contracts.
  • Trained other employees on how to implement the procedure to process contracts.
  • Process contracts for existing customers prepared by the sales reps.

10. Customer Service

Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.

Here's how customer service is used on contract processor resumes:
  • Captured customer service representative feedback on complaints, trends, and suggestions for processes/procedures improvement and report findings to Program Manager.
  • Provided internal customer service by consulting associates with products, pricing scales, government regulations, corporate marketing and actuarial information.
  • Monitored productivity and utilization of customer service representatives under me to ensure that goals were met
  • Provided courteous customer service support to gain information to resolve problem related to processing.
  • Provided excellent customer service, as well as inter-office communication.

11. Sales Goals

Sales goals are a set of objectives and goals to achieve which are set for the sales team to encourage them and to make profits for the company. Sales goals that can be achieved are bound to time and are relevant to the company, help majorly in motivating the workers to achieve them, and are amazing for the company revenue as well.

Here's how sales goals is used on contract processor resumes:
  • Perform all tasks necessary to process loans accurately while meeting sales goals and set deadlines.

12. Financial Transactions

The type of agreement held between two parties (buyer and seller) regarding an exchange of funds for an asset, is termed as a financial transaction. The financial transaction is the exchange of products, services, cash or credit, information, and other things of value among two separate entities for a common goal.

Here's how financial transactions is used on contract processor resumes:
  • Performed and managed financial transactions and tasks, ensuring compliance with legal and accounting requirements.
  • Processed employee information and financial transactions on several Fidelity systems within each clients' database.
  • Recorded, classified and summarized financial transactions and principals.
  • Job Description: Processed over two-million dollars of highly detailed financial transactions for hedge fund and private equity companies.
  • Investigate bankruptcies and other complex financial transactions and prepare reports summarizing the findings.

13. Loan Portfolio

Here's how loan portfolio is used on contract processor resumes:
  • Managed/Prepared nationwide manufactured mortgage loan portfolios for daily, weekly, monthly, quarterly and yearly reporting.
  • Completed special projects for senior management relative to daily reconciliation, loan portfolios and wire transfer monitoring.
  • Submit mortgage and equity loans to underwriters for manual or automated underwriting decision.
  • Reviewed and processed home equity loans for accuracy and completeness.
  • Maintained database of loan portfolio performances to assess and analyze availability and conformity for potential resale.

15. Escrow

An escrow refers to a third party who holds in their custody money or asset on behalf of other parties involved in a business transaction. Every month a lender deposits an escrow amount of the mortgage into another party's account and handles the insurance premiums plus the estate taxes.

Here's how escrow is used on contract processor resumes:
  • Satisfy all escrow requirements, including making any necessary adjustments to the Settlement Statement.
  • Finalize closing by verifying all documents are signed by state law standards to avoid any hold on escrow closing period.
  • Drafted, edited, and finalized all contracts to be sent to escrow synchronizing documents into an online database.
  • Communicated with mortgage companies, underwriters, escrow companies, and third parties to understand organizations' goals.
  • Create Escrow and Commission letters, initial/additional deposits due letters for pending and closing contracts.

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Online Courses For Contract Processors

One of the best ways to acquire the skills needed to be a contract processor is to take an online course. We've identified some online courses from Udemy and Coursera that will help you advance in your career. Since contract processors benefit from having skills like data entry, computer system, and contract documents, we found courses that will help you improve these skills.

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This course provides; A detailed insight into the construction contracts management, as well as the essential characteristics of Biding and its different phases. Principles and basics of construction contracting - Types of construction contracts - contracts documents - project delivery systems - introduction to building and construction law - Legal aspects associated with construction projects - claims...

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This second course of the Blockchain specialization will help you design, code, deploy and execute a smart contract - the computational element of the blockchain technology. Smart contracts allow for implementing user-defined operations of arbitrary complexity that are not possible through plain cryptocurrency protocols. They allow users to implement conditions, rules and policies of the domain applications. Smart contracts are a powerful feature that, when properly designed and coded, can resul...

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Wholesale Real Estate Contracts: Flip Houses Risk Free
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Download A Full Package Of Strategically Developed Real Estate Contracts And Learn How To Leverage Them In Your Business...

American Contract Law I
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American Contract Law I (along with its sister course Contracts II) provides a comprehensive overview of contract law in the United States. The course covers most of the key concepts found in a first year law school class. Each lecture is based on one or more common-law cases, integrating legal doctrines with policy discussions. The course also covers key sections from the Uniform Commercial Code (UCC), which governs the sale of goods. By the end of the course, the learner should be able to unde...

American Contract Law II
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Course description: Contracts I & II provides a comprehensive overview of contract law in the United States. The course covers most of the key concepts found in a first year law school class. Each lecture is based on one or more common-law cases, integrating legal doctrines with policy discussions. The course also covers key sections from the Uniform Commercial Code (UCC), which governs the sale of goods. By the end of the course, the learner should be able to understand: Formation defenses: how...

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Learn all about Contracts, Delays & Claims along with practical Delay Analysis using Primavera P6 software...

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Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

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Advanced Mortgage Loan Processor: Essential Skills Training
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Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

SAP Customer Service (CS/SM) - Service Management module
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Real World SAP CS and SD, Repair Orders, Service Orders, Service Contracts...

Corporate & Commercial Law I: Contracts & Employment Law
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Most Common Skills For Contract Processors

RankascdescContract Processor SkillascdescPercentageascdesc
1
Data Entry
13.6%
2
Computer System
7.6%
3
Contract Documents
7.1%
4
Company Policies
6.9%
5
Special Projects
5.5%
6
Source Documents
5.2%
7
Contract Data
5%
8
Necessary Information
4.8%
9
Process Contracts
4.8%
10
Customer Service
3.7%
11
Sales Goals
3.6%
12
Financial Transactions
3.2%
13
Loan Portfolio
2.5%
14
Legal Documents
2.3%
15
Escrow
2.1%
16
Sales Contracts
2%
17
Financial Statements
1.6%
18
Credit Reports
1.6%
19
Real Estate
1.4%
20
Loan Applications
1.3%
21
New Contracts
0.9%
22
Contract Information
0.9%
23
Timeshare Sales
0.9%
24
Corporate Office
0.9%
25
FHA
0.9%
26
High Volume
0.7%
27
Federal Laws
0.7%
28
Office Supplies
0.6%
29
Document Preparation
0.6%
30
Communication
0.6%
31
Data Base
0.5%
32
Client Information
0.5%
33
Contract Packages
0.5%
34
Sales Reports
0.5%
35
Outbound Calls
0.4%
36
Title Companies
0.4%
37
Company Standards
0.4%
38
HOA
0.4%
39
Ensure Accuracy
0.4%
40
Underwriting Guidelines
0.3%
41
Bank Deposits
0.3%
42
ADT
0.3%
43
HUD
0.3%
44
Legal Contracts
0.3%
45
Nissan
0.3%
46
Personal Information
0.3%
47
As400
0.3%
48
Account History
0.2%

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