How To Become A Loan DOC Specialist: What It Is and Career Path

What is a loan doc specialist and how to become one

Updated January 8, 2025

3 min read

Loan DOC specialists are accountable for helping clients with preparing and processing their loan applications to ensure convenience and client satisfaction. Their duties include interacting with clients to identify their needs, explaining the extent of procedures, gathering and verifying requirements of loans. Also, they keep a record of all transactions. Aside from that, they help staff in reviewing documents and are involved in training new workers. Furthermore, they devise strategies in line with the company's policies and regulations to improve documentation services.

Loan documentation specialists earn about $33,392 per year, equivalent to an hourly rate of $16.05. The range varies from $27,000 to $39,000. To succeed in this role, you need communications, organization, collaboration, and customer service skills. You must be familiar with lending practices and banking procedures. There's on-the-job training for this position. You'll need at least a high school diploma or its equivalent to be considered.

ScoreLoan DOC SpecialistUS Average

Salary

3.0

Avg. Salary $38,480

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

7.9

Race

American Indian and Alaska Native 0.42%

Asian 8.60%

Black or African American 11.21%

Hispanic or Latino 14.53%

Unknown 4.48%

White 60.77%

Gender

female 70.99%

male 29.01%

Age - 41

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 41

Stress level

8.6

Stress level is very high

7.1 - high

Complexity level

6.9

Complexity level is challenging

7 - challenging

Work life balance

5.2

Work life balance is fair

6.4 - fair

Key steps to become a loan doc specialist

Explore loan doc specialist education requirements

Most common loan doc specialist degrees

Bachelor's

46.7 %

Associate

23.5 %

High School Diploma

17.8 %

Start to develop specific loan doc specialist skills

Skills	Percentages
Customer Service	9.97%
Organization	7.03%
Origination	5.54%
Loan Types	5.16%
Title Commitments	4.84%

Complete relevant loan doc specialist training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New loan doc specialists learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a loan doc specialist based on U.S. Bureau of Labor Statistics data and data from real loan doc specialist resumes.

Research loan doc specialist duties and responsibilities

Manage a pipeline of FHA and conforming conventional mortgage loans for refinance and purchase through closing.
Time management and organization skills to effectively prioritize multiple objectives and achieve volume goals.
Pull LDP/GSA list, FHA CAIVR numbers, VA certificate of eligibility, VA case numbers and VA appraisals.
Schedule loan closing and review final HUD-1 to verify fees are appropriate and within guidelines.

Prepare your loan doc specialist resume

When your background is strong enough, you can start writing your loan doc specialist resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a loan doc specialist resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable loan doc specialist resume templates

Build a professional loan doc specialist resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your loan doc specialist resume.