Loan Consultant Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applicant with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate.

At Zippia, we went through over 3,851 Loan Consultant resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Five Key Resume Tips For Landing A Loan Consultant Job:

1.
Relevant Experience
Make sure that the jobs, experience, and accolades that you do include are relevant to the position you’re applying for.
2.
The Right Skills
This is a great time to run wild with those keywords found in the job description. If they’re looking for someone with Loan Applications, be sure to list it as a skill.
3.
Quantifiable Achievements
Achievements and awards relevant to the position speak louder than a high GPA, especially if you can quantify your achievement with a number.
4.
Your Unique Qualities
Recruiters and hiring managers are looking at hundreds of resumes. Let yours stand out, and try not to sound too boring.
5.
Strong Content
If you’ve had a lot of jobs, this shouldn’t necessarily be a list of all of them. This is a document designed to market you to a potential employer, so choose the strongest content.

How To Write A Loan Consultant Resume

1
Contact Information
Name
First things first — employers only spend about six seconds looking at resumes before they decide to keep them or throw them away, so you should definitely let them know whose it is.
Address
Commute and relocation are things that employers take into consideration when sifting through candidates, so provide your current address in your resume header so that employers have an idea of where you are in relation to their office.
LinkedIn Profile
If you feel that a link to your social media profile could further your standing as a candidate, go ahead and include it. This doesn’t mean you should throw in a link to your hilarious Twitter profile, but instead provide your LinkedIn profile.
2
Professional Summary (Objective)
Career objective statements are one of the most overlooked pieces of otherwise stellar resumes. It’s not that every Loan Consultant CV out there needs one — it’s just that the ones that really do need them typically never think to include them.
The goal of this section is simple: to summarize the resume in a few short sentences. Through your resume summary you enable employers to quickly learn whether you are a good match for the job. Here are a few things to keep in mind when writing a professional summary:
Keep it short: it should be 4 sentences max
Highlight your most impressive skills or achievements
3
Skills

Not sure which skills are really important?

3 Big Tips For Listing Skills On Your Resume
For Loan Consultants, the skill that stands out above all others in terms of how frequently it shows up on loan consultant resumes is loan applications, which is more than twice as common as the next common skill: financial status. Including these skills on your resume won't necessarily make you stand out from the crowd, but they can help reinforce your experience as a loan consultant.
Top Skills for a Loan Consultant
Here are a few key points of to keep in mind while writing your skills section:
Include between 6 to 12 skills
Make sure to only include hard skills
Highlight your most impressive skills or achievements
4
Experience
The work experience section of a resume is all about highlighting the achievements that an employer would want to see. Here are some examples from different Loan Consultants:

Example # 1

Loss Mitigation Specialist

Citi
  • Worked with Fha loans through the mortgage waterfall process
  • Offered programs to mortgage customers to get them caught up on mortgage to keep from going into foreclosure.
  • Recommend whether to approve or deny the application depending on the customer's information Worked with FHA and VA loans.
  • Provide high quality support to Citi Mortgage customers facing foreclosure and loans in default.
  • Analyzed and compared short payoff/short sales, loan modifications, payment plan, and deed-in-lieu scenarios.

Example # 2

Loan Consultant

Wells Fargo
  • Worked with FHA, ASC, HCS, FNMA, and Freddy Mac.
  • Review loans to ensure that they comply with the state and federal foreclosure guidelines.
  • Audited portfolio of assigned loans to ensure foreclosure compliance by research and analysis of over standard foreclosure delays.
  • Managed a pipeline of 200 - 300 loans according to FHA standards.
  • Participated on conference calls and projects to help launch new methods to make the Bankruptcy process more manageable.

Example # 3

Consumer Loan Officer

Wells Fargo
  • Review loans to ensure that they comply with the state and federal foreclosure guidelines.
  • Answer inbound calls to assist customers with questions regarding the Home Equity modification process.
  • Processed ATM deposits, maintained ATM cash flow, and created personal identification numbers (PIN) for ATM cards.
  • Run FNMA and FHLMC Early Check to ensure all data entry in file is consistent.
  • Achieved less than 1% material ratings YTD in 2014 and 2015 significantly lower than FHA portfolio average of 5%.

Example # 4

Loan Consultant

Chase
  • Reviewed and maintained files to ensure compliance with HMDA regulations.
  • Facilitated the application process, requested documentation from borrowers, and handled customer inquiries.
  • Maintain contact with loan officers, customers, and escrow to ensure an efficient transaction.
  • Explain loan products to Chase customers.
  • Process refinance, purchase, pre-approval and home equity loans.

Show More
Write your work experience section in a way that embraces your loan consultant skills. Sounds easier said than done? Take a look at how other people have done it. Below are real examples from loan consultant resumes that people have included in their work experience section to demonstrate their knowledge of key skills:
5
Education
As a loan consultant, you may be curious how your education stacks up against other applicants. As long as you have a bachelor's degree, you're in the majority. Our research showed that most Loan Consultants have a 4-year degree as the highest education level.
Overwhelmingly, those applying to loan consultant positions majored in Business. Some of the other common majors that appear on loan consultant resumes include Finance, Accounting, and Psychology.
Majors
Finance10.7%
Show More
As shown above, the Education section can be very brief. However make sure to include the following:
The name of the school you attended
The year you attended
Your major
Your GPA
The level of education you attained

Loan Consultant Salary

Did your resume land you an interview? Be prepared to talk salary.

How To Answer "What Are Your Salary Requirements"

When you are ready to send your resume to employers, it's important to be aware of the current market conditions for Loan Consultants. Salary can vary based on factors such as location, company, and industry. Check out our detailed salary information for Loan Consultants to learn more.

Average Employee Salary
$42,000
$30,000
Min 10%
$42,000
Median 50%
$58,000
Max 90%
Updated May 19, 2020