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What is a senior loan specialist and how to become one
Avg. Salary $27,635
Avg. Salary $59,228
Growth rate 4%
Growth rate 0.3%
American Indian and Alaska Native 0.47%
Asian 6.32%
Black or African American 9.06%
Hispanic or Latino 15.69%
Unknown 4.63%
White 63.83%
Genderfemale 66.69%
male 33.31%
Age - 44American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 44Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is fair
6.4 - fair
Senior loan specialist career paths
Key steps to become a senior loan specialist
Explore senior loan specialist education requirements
Start to develop specific senior loan specialist skills
Skills Percentages Loan Applications 13.47% Loan Packages 6.78% Real Estate 6.31% SR 5.91% Phone Calls 5.08% Complete relevant senior loan specialist training and internships
Accountants spend an average of 6-12 months on post-employment, on-the-job training. New senior loan 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 senior loan specialist based on U.S. Bureau of Labor Statistics data and data from real senior loan specialist resumes.Research senior loan specialist duties and responsibilities
- Manage all HMDA reporting, and performing post-closing review of loan documentation.
- Manage and facilitate accounts of all levels for FHA, VA, Fannie Mae and private loans.
- Work collaboratively with builder sales managers and associates to achieve high origination and close loan capture rates within the various developments.
- Review income, asset, credit and collateral documentation to ensure compliance with FHA and VA guidelines.
Get senior loan specialist experience
Generally, it takes 4-6 years to become a senior loan specialist. The most common roles before becoming a senior loan specialist include customer service representative, loan specialist team lead and loan processor.Prepare your senior loan specialist resume
When your background is strong enough, you can start writing your senior loan 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 senior loan 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 senior loan specialist resume templates
Build a professional senior loan 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 senior loan specialist resume.
Apply for senior loan specialist jobs
Now it's time to start searching for a senior loan specialist job. Consider the tips below for a successful job search:
- Browse job boards for relevant postings
- Consult your professional network
- Reach out to companies you're interested in working for directly
- Watch out for job scams
How did you land your first senior loan specialist job
Are you a senior loan specialist?
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Average senior loan specialist salary
The average senior loan specialist salary in the United States is $27,635 per year or $13 per hour. Senior loan specialist salaries range between $23,000 and $32,000 per year.
What am I worth?
How do senior loan specialists rate their job?
Senior loan specialist reviews
The diverse experiences and achievements.
Few members of the organization understand what you do and proper recognition for achievements can be limited.
I have nothing I did not like I enjoy my job and sad that I can't continue to collect. The company sold out.
I enjoy reach out to the customer and helping them keep there home. Offer options that were not offer before. Letting them know that I am willing to work with them and have open communication that the debt need to be made.
There is. Nothing I dont like!
Updated January 8, 2025
