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Best loan specialist certifications
Loan specialist certifications allow job seekers to demonstrate their competency as an loan specialist to employers. However, not all loan specialist certifications provide the same value for job seekers.
The best certifications for a loan specialist are International Accredited Business Accountant (IABA), Certified Management Accountant (CMA), and Certified Professional, Life and Health Insurance Program (CPLHI).
Below is a list of the best loan specialist certifications. Obtaining an loan specialist certification will give you a leg up when you apply for jobs and increase your potential salary.
8 best certifications for loan specialists
8 best loan specialist certifications
1. International Accredited Business Accountant (IABA)
ACAT seeks to ensure that all accredited individuals possess both the theoretical knowledge and the practical knowledge necessary to be successful practitioners. For that reason, candidates for accreditation must satisfy an experience requirement before becoming fully credentialed: three years of related work experience, up to two of which may be satisfied through college credit. Related work experience includes verifiable experience in accounting, financial services, or other field requiring a practical and theoretical knowledge of the subject matter covered on the ACAT Comprehensive Examination for the International Accredited Business Accountant. Those who pass the exam but who have not met the experience requirement may market themselves as having passed the ACAT Comprehensive Examination for International Accredited Business Accountant, but are not entitled to use the IABA designation.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
2. Certified Management Accountant (CMA)
The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 1 year(s)
3. Certified Professional, Life and Health Insurance Program (CPLHI)
The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? No
4. Certified Billing and Coding Specialist (CBCS)
A Certified Billing and Coding Specialist (CBCS) primarily focuses on converting a medical procedure, diagnosis, or symptom into specific codes to submit a claim for reimbursement.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 2 year(s)
5. Certified Resume Specialist: Accounting and Finance (CRS+AF)
The CDI Certified Industry Resume Specialist allows you to gain certification in your chosen industry.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 5 year(s)
6. Certified Public Accountant (CPA)
Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing. Information about state licensing requirements is made available in the Licensed Occupation tool.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required?
7. Certified Customer Service Representative (CCSR)
Applicable to financial services professionals who have completed the AIB Customer Service Representative Certificate and who function as customer service representatives.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
8. Certified Coding Specialist (CCS)
Coding accuracy is highly important to healthcare organizations, and has an impact on revenues and describing health outcomes. In fact, certification has become an implicit industry standard. Accordingly, the CCS credential demonstrates a practitioner's tested data quality and integrity skills, and mastery of coding proficiency. Professionals experienced in coding inpatient and outpatient records should consider obtaining this certification.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a loan specialist?
The best loan specialist certification is International Accredited Business Accountant (IABA). The International Accredited Business Accountant (IABA) is awarded by the Accreditation Council for Accountancy and Taxation.
Here's a bit more background on how to obtain this loan specialist certification:
- To become a certified International Accredited Business Accountant (IABA), you need to pass the exam.
- This certificate requires more than two years of work experience.
- No renewal for certification, if you earn it once it is valid all time.
What certifications can impact a loan specialist career and salary?
The International Accredited Business Accountant certification will help you to secure a accounting clerk position, which will increase your pay and career trajectory. A accounting clerk's average salary is $39,011 whereas loan specialists make an average salary of $43,081.
The most common combination of loan specialist certifications include: International Accredited Business Accountant (IABA), Certified Management Accountant (CMA), and Certified Professional, Life and Health Insurance Program (CPLHI).
Online courses for loan specialists to earn certifications
1. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
2. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
3. How to Become a Mobile Notary and Loan Signing Agent
Learn how to make over six figures as a Real Estate Loan Signing Agent and Mobile Notary...
4. Become a Mortgage Loan Processor
Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...
5. Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
6. Advanced Mortgage Loan Processor: Essential Skills Training
Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...
7. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
8. Accounting & Financial Statement Analysis: Complete Training
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
9. Accounting basics, create financial statements easily
Discover, develop, practice your financial information and explore the world of accounting...
10. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
11. Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...
12. Advanced Financial Accounting: Acquisitions & Consolidations
Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...
13. Loan Processor & MLO Mortgage Math: Problems & Solutions
Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...
14. Financial Statement Auditing Cycles
In this course, we learn how public accountants plan and execute an audit...
15. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
16. Xero Bookkeeping & Accounting, w/ Set-up & Reporting
From Set-up to Bookkeeping, Accounting, Reporting, & Financial Statements in Xero with a Certified Xero Advisor...
17. 3-in-1 Banking, Banking Risk and Compliance Masterclass
The essentials of the banking business (business model, compliance, others), financial risk management and compliance...
18. How to Read Financial Statements: Build Financial Literacy.
Read financial statements and speak the language of business without the drudgery of a traditional accounting course...
19. Business Banking 101
Everything You Ever Wanted to Know About Getting a Bank Loan...
20. Start a Profitable Career as a Mortgage Loan Originator
Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...