Become A Senior Loan Processor

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Working As A Senior Loan Processor

Processing Information
Interacting With Computers
Communicating with Persons Outside Organization
Getting Information
Performing for or Working Directly with the Public

Deal with People
Unpleasant/Angry People
Mostly Sitting
Repetitive
Stressful
$37,710
Average Salary

What Does A Senior Loan Processor Do

A Senior Loan Processor negotiates and coordinates consumers, commercial, and business loans. They are responsible for processing payments, providing customer service, and obtaining insurance information when required.

How To Become A Senior Loan Processor

A high school diploma or equivalent is typically required for most financial clerk jobs. These workers usually learn their duties through on-the-job training.

Education

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, require a 2- or 4-year college degree.

Training

Most financial clerks learn how to do their job duties through on-the-job training. Some formal technical training also may be necessary; for example, gaming cage workers may need training in specific gaming regulations and procedures.

Advancement

Financial clerks can advance to related occupations in finance. For example, a loan interviewer or clerk can become a loan officer, and a brokerage clerk can become a securities, commodities, or financial services sales agent, after obtaining the required education and license.

Important Qualities

Communication skills. Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.

Math skills. The job duties of financial clerks, including calculating charges and checking credit scores, require basic math skills.

Organizational skills. Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.

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Senior Loan Processor jobs

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Top Skills for A Senior Loan Processor

Top Senior Loan Processor Skills

Loan Officers
Appraisals
Borrowers

You can check out examples of real life uses of top skills on resumes here:

Managed loan pipeline daily to prioritize tasks and provide loan updates to loan officers and customers.
Audit loan origination files, order necessary appraisals, title, and credit documents.
Worked closely with borrowers to ensure proper and accurate loan documentation was received for underwriting review.
Received designation to underwrite FHA/VA LP Accept loans.
Prepare and calculate income and assets thoroughly before submission to underwriting.