Loan Processor Career


Loan processing requires the expertise of loan processor.  Loan applications and transactions are handled by a loan processor until they are completed.  A loan processor is tasked to handle loan files, process loan applications and funds, confirms loan approval or denial, and assists a loan applicant until the release of results.  He is to handle pertinent client information.  Upon application, the loan processor is to analyze and evaluate client information and make sure that they are true and accurate.  With this type of career, one is required to have a background in business or business-related degree.  A loan processor must have the necessary training and certification as well.

How to become a Loan Processor

To become a loan processor, one must earn an associate or bachelor’s degree in business administration, accounting, or other related field. Gain relevant experience as well.  One must have strong skills in communication, organization, customer service, and human relations. One should also undergo a loan processing trainingprogram to acquire the necessary knowledge and skills required for this type of career.  One gains background in the various methods and techniques used in a loan processing career.    Through the training program, one gains a certification as well.

Loan Processor Courses, training, programs

A business administration degree provides one with the necessary knowledge and skills required for this type of career. The program offers to teach different business principles, methods and strategies. The program covers various areas such as business terms, business administration, accounting, finance, economics, business law and ethics, management, marketing, business tools and techniques, and business solutions.  A student gains practical skills and experience through internships offered.

TOP 5 colleges/Universities

Stanford University, California

Harvard University, Massachusetts

Massachusetts Institute of Technology (Sloan), Massachusetts

University of Pennsylvania (Wharton), Pennsylvania

Northwestern University (Kellogg), Illinois

Loan Processor Jobs, opportunities, salaries/pay

A loan processor has the opportunity to earn from $21,420 to $46,100 per year.  One’s salary is dependent on the work location, employer, experience, and benefits.  Employment may be found in industries such as banking, mortgage lending, loans, credit products, financial services, credit union, and auto lending/financing.

Category: Banking Careers

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