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In a loan officer CV, hiring managers want to see that candidates have an understanding of loan programmes, bank products, how to process loan documents, deal with credit unions and provide support for borrowers.
The structure of your CV will largely depend on how much experience you have in a loan officer position. If you have lots of experience, you can choose a chronological CV format so you can focus on your employment history.
Functional CV formats are good for less experienced applicants who want to show off their skills. The combination CV format is best for candidates who want to showcase both skills and work experience.
Regardless of your CV structure, your CV is still likely to contain similar sections such as:
The CV header section is an important part of your CV and offers hiring managers and recruiters your contact information. In this section, you should list the following:
Hiring managers and recruiters will use this information to contact you with vital updates on your application. Hiring managers might also contact you before an interview to discuss your previous work experience at greater length, so including this information is critical. Also, include links to any of your job networking profiles in the contact section.
Your professional summary is designed to catch the hiring manager’s attention by providing eye-catching information. Consider including information like this:
Ultimately, your summary goal is to encourage the hiring manager to invite you to an interview. This section is usually two or three sentences, so keep your sentences brief.
Loan officers accumulate a lot of skills whilst working. Depending on how much experience you have, your skills section may be the most important part of your CV, especially if you choose a functional CV format. Your skills section should include a good mixture of hard and soft skills to demonstrate your abilities.
Hard skills are role-specific and necessary for completing loan officer duties. Soft skills are transferable across many industries.
If you’re struggling to think of terms that sum up your loan officer abilities, consider using these bullet points in your skills section:
Loan officers usually need around three years of experience working in financial institutions, working roles such as mortgage loan officer or being involved in the loan process. Having this professional experience is important for understanding how to determine a customer’s creditworthiness, analyse credit histories and assess financial status. Therefore, your work history is one of the most important sections of your CV.
You can list your previous lender experience in reverse chronological order. To do this, you should start from the most recent example, working backward. Below each job title, you should also include your previous employer’s name, location and the date you started the job and finished.
You can summarise your previous responsibilities in bullet point format. You should include what loan products you specialised in and how you worked with new clients. You can also explain some of your key accomplishments in each specific role.
Loan officers working on behalf of financial institutions will usually need a bachelor’s degree in business, economics or another related field. This is important to understanding financial information, business development processes and understanding liability policies like underwriting.
You should present the title of your degree and the name of your college. If you have notable achievements such as graduating with honours or with special recommendations, highlight this information as well.
Remember also to include your graduation date next to your degree title.
Here are some do’s and don’ts for a loan officer CV:
Cover letters are a great way of explaining how your skills and years of experience make you the ideal candidate for the role. If you’re struggling to fit all your information in your CV, this is a good way of providing the hiring manager with more in-depth information about your skills and experience in loans.
You should use a cover letter to express your enthusiasm for the role and use eye-catching information that encourages the hiring manager or recruiter to invite you to an interview.
To create the best CV you can, use these CV writing tips:
For an effective CV, you should customise your CV for each application. To do this, you can pick out role-specific keywords to help your CV get scanned effectively by the Applicant Tracking Systems (ATS). You should also include specific hard skills and soft skills that match the job description. This can help a hiring manager and the ATS match you to the role.
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