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

What is a loan secretary and how to become one

Updated January 8, 2025

2 min read

There is more than meets the eye when it comes to being a loan secretary. For example, did you know that they make an average of $16.96 an hour? That's $35,271 a year! Between 2018 and 2028, the career is expected to grow -3% and produce -38,500 job opportunities across the U.S.

ScoreLoan SecretaryUS Average

Salary

2.8

Avg. Salary $35,271

Avg. Salary $59,228

Stability level

8.6

Growth rate -3%

Growth rate 0.3%

Diversity

8.4

Race

American Indian and Alaska Native 0.59%

Asian 6.26%

Black or African American 12.73%

Hispanic or Latino 13.81%

Unknown 4.86%

White 61.76%

Gender

female 96.41%

male 3.59%

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 secretary

Explore loan secretary education requirements

Most common loan secretary degrees

Bachelor's

37.3 %

High School Diploma

26.8 %

Associate

24.6 %

Start to develop specific loan secretary skills

Skills	Percentages
Customer Service	27.77%
Real Estate Loans	7.96%
Financial Statements	7.70%
Commercial Loans	6.14%
Credit Reports	5.65%

Complete relevant loan secretary training and internships

Accountants spend an average of 1-2 years on post-employment, on-the-job training. New loan secretaries 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 secretary based on U.S. Bureau of Labor Statistics data and data from real loan secretary resumes.

Research loan secretary duties and responsibilities

Prepare and file UCC's and title applications.
Process auto title work, life insurance, UCC filing and recording.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Determine loan DU eligibility and submit files to underwriting department.

Prepare your loan secretary resume

When your background is strong enough, you can start writing your loan secretary 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 secretary 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 secretary resume templates

Build a professional loan secretary 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 secretary resume.