There is more than meets the eye when it comes to being a retail mortgage processor. For example, did you know that they make an average of $18.43 an hour? That's $38,341 a year!
Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.
There are certain skills that many retail mortgage processors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, math skills and organizational skills.
When it comes to the most important skills required to be a retail mortgage processor, we found that a lot of resumes listed 26.8% of retail mortgage processors included loan portfolio, while 16.4% of resumes included customer service, and 13.2% of resumes included loan applications. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the retail mortgage processor job title. But what industry to start with? Most retail mortgage processors actually find jobs in the finance and retail industries.
If you're interested in becoming a retail mortgage processor, one of the first things to consider is how much education you need. We've determined that 28.8% of retail mortgage processors have a bachelor's degree. In terms of higher education levels, we found that 3.8% of retail mortgage processors have master's degrees. Even though some retail mortgage processors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a retail mortgage processor. When we researched the most common majors for a retail mortgage processor, we found that they most commonly earn high school diploma degrees or bachelor's degree degrees. Other degrees that we often see on retail mortgage processor resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a retail mortgage processor. In fact, many retail mortgage processor jobs require experience in a role such as customer service representative. Meanwhile, many retail mortgage processors also have previous career experience in roles such as cashier or sales associate.
Tell us your goals and we'll match you with the right jobs to get there.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of underwriter you might progress to a role such as senior underwriter eventually. Later on in your career, you could end up with the title underwriting manager.
Tell us your goals and we'll match you with the rights job to get there.
Use Zippia's Salary Calculator to see how your pay matches up.
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The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 26.8% of retail mortgage processors listed loan portfolio on their resume, but soft skills such as communication skills and math skills are important as well.