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Junior loan officer skills for your resume and career

Updated January 8, 2025
3 min read
Below we've compiled a list of the most critical junior loan officer skills. We ranked the top skills for junior loan officers based on the percentage of resumes they appeared on. For example, 17.4% of junior loan officer resumes contained loan applications as a skill. Continue reading to find out what skills a junior loan officer needs to be successful in the workplace.

15 junior loan officer skills for your resume and career

1. Loan Applications

A loan application is a form of request presented by a person to a financial institution for the approval of a loan. This application form carries detailed information regarding the petitioner's identification information, financial competence, and sources of income that indicate whether he can return the loan back or not.

Here's how junior loan officers use loan applications:
  • Prepared and typed loan applications, closing documents before submitting applications and recommendations for underwriting approval.
  • Evaluated applicant information and documents prior to providing the loan application.

2. Origination

Here's how junior loan officers use origination:
  • Assisted broker with origination and processing of purchase and refinance mortgages Managed the database and performed diverse administrative duties
  • Executed the loan origination process, including ordering credit reports, appraisalsand preliminary title reports.

3. Inbound Calls

Here's how junior loan officers use inbound calls:
  • Receive inbound calls from potential customers who s looking to take out a HELOC or HEL.
  • Filed Bankruptcy/closed) Made out bound and inbound calls for prospective customers who were interested in refinancing their properties.

4. Loan Programs

Here's how junior loan officers use loan programs:
  • Contacted, solicited and made presentations to potential borrowers regarding various loan programs available through the company's lending services/products.
  • Consulted and reviewed loan programs and requirements to prospective borrowers

5. Outbound Calls

An outbound call is made by the call center representative to the customers on behalf of the company. Such calls help increase sales and generate revenue for the organization.

Here's how junior loan officers use outbound calls:
  • Developed a sales script to handle outbound calls to consumers that have shown interest in mortgage products.
  • Generated 150 outbound calls per day which resulted in an average contact ratio of 10%.

6. FHA

The Federal Housing Administration (FHA) stands for a government agency in the United States that offers housing insurance to FHA-approved lenders who follow certain conditions.

Here's how junior loan officers use fha:
  • Learned about all traditional mortgage products and general guidelines: Conventional, non-conventional, FHA, VA, and USDA loans.
  • Maintain and stay abreast of compliance of RESPA, Reg Z, and FHA disclosure compliance.

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7. JR

JR -- short for junior -- denotes the son of a person who's still alive and has the same name. It's used after a man's name to differentiate him from an older family member with the same name.

Here's how junior loan officers use jr:
  • Created, maintained, and developed Jr. Loan Officers within their operational, financial, and continuing educational activities.
  • Supervised Jr. Loan officers, reviewed resumes, and trained them as requested.

8. Residential Mortgage Loans

Here's how junior loan officers use residential mortgage loans:
  • Originated one-to-four-family residential mortgage loans, in conformance with lender's policies and procedures.
  • Funded $1.2 million on average in residential mortgage loans a month.

9. Credit Reports

Credit reports are statements that carry information about your credit affairs and current credit situation like loan payment history and credit accounts status. A credit report acts as history because it contains the record from the day you opened the account till your account balance. Potential lenders and creditors make use of credit reports and decide whether to offer you credit or not and under what conditions.

Here's how junior loan officers use credit reports:
  • Obtained credit reports, appraisals, income verification for consideration for mortgage loans, and equity lines.
  • Verified income, credit reports, employment histories, property appraisals and title insurance.

10. Cold Calls

Cold calling is a kind of business solicitation from customers who didn't express interest in their product and services before. In this technique, a salesman conducts a call with potential customers with whom they haven't had a prior interaction. Cold calling can include phone calls or telemarketing. However, in-person visits like door-to-door marketing are also a type of cold calling

Here's how junior loan officers use cold calls:
  • Helped to originate new loans for Senior loan officers through cold calling, direct mail, and internet marketing.
  • Increased sales through cold calling and increased knowledge of lenders, programs, policies, and guidelines.

11. SR

Here's how junior loan officers use sr:
  • Performed financial constraint and risk analysis, communicated results to client and determined go/no go via internal collaboration with Sr.
  • Administered banking and administration requirements in close liaison with other areas of the business for the Sr.

12. Financial Data

Here's how junior loan officers use financial data:
  • Analyzed credit and financial data of loan applicants to evaluate the lending risk and prepare reports respectively.
  • Follow up with qualified borrowers to collect financial data for underwriting review.

13. Interest Rates

Here's how junior loan officers use interest rates:
  • Required to speak with the bank regarding customers and market interest rates.
  • Calculated their new mortgage payment with a lower interest rate.

14. Credit Analysis

Credit analysis is the process of evaluating a person's or company's ability to repay their debts.

Here's how junior loan officers use credit analysis:
  • Performed credit analysis of corporate accounts.
  • Credit analysis to forecast and suit the needs of the borrowers.

15. Property Evaluations

Here's how junior loan officers use property evaluations:
  • Review and analyze appraisal to insure liability and stability of property and inclusive of appraisal/property evaluation for compliance requirements
  • Analyzed applicants financial status, credit, and property evaluation to determine feasibility of granting loans.
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List of junior loan officer skills to add to your resume

Junior loan officer skills

The most important skills for a junior loan officer resume and required skills for a junior loan officer to have include:

  • Loan Applications
  • Origination
  • Inbound Calls
  • Loan Programs
  • Outbound Calls
  • FHA
  • JR
  • Residential Mortgage Loans
  • Credit Reports
  • Cold Calls
  • SR
  • Financial Data
  • Interest Rates
  • Credit Analysis
  • Property Evaluations
  • Mortgage Products
  • Loan Process
  • Loan Packages
  • Corporate Financial Statements
  • Mortgage Applications
  • Loan Products
  • Financial Services
  • PowerPoint
  • Loan Payments
  • MIS
  • Loan Agreements
  • Customer Complaints
  • Financial Analysis
  • HR
  • Calyx Point
  • Client Relations
  • Bank Products
  • Commercial Loans
  • Credit Checks
  • Loan Modifications
  • Financial Institutions
  • Consumer Loans

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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