What is a statement processor and how to become one

Key steps to become a statement processor

1. Explore statement processor education requirements

   Most common statement processor degrees

   Bachelor's

   31.0 %

   Associate

   28.2 %

   High School Diploma

   26.8 %

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2. Start to develop specific statement processor skills

   Skills	Percentages
   Bank Statements	33.59%
   Financial Statements	29.27%
   Computer System	25.11%
   Account Numbers	12.04%

3. Complete relevant statement processor training and internships

   Accountants spend an average of 1-3 months on post-employment, on-the-job training. New statement processors 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 statement processor based on U.S. Bureau of Labor Statistics data and data from real statement processor resumes.

4. Research statement processor duties and responsibilities

   • Manage the ordering of homeowner's association estoppel letters for payoffs; as well as surveys and clear lien searches.
   • Sort incoming USPS and interoffice mail.
   • Respond to mortgage lenders and taxing agency jurisdictions by utilizing effective verbal and written communication in a prompt and accurate manner.
   • Verify the accuracy of the loan documents to the prepared HUD.

5. Apply for statement processor jobs

   Now it's time to start searching for a statement processor job. Consider the tips below for a successful job search:

   1. Browse job boards for relevant postings
   2. Consult your professional network
   3. Reach out to companies you're interested in working for directly
   4. Watch out for job scams