Loan Officer Must-Have Resume Skills and Keywords
Are you interested in improving your job outlook and increasing your salary? How can you demonstrate that you are the most qualified candidate for a Loan Officer position? Of course continuing to gain experience working as a Loan Officer may be your best qualification, but there are other ways you can also develop your skills, like continuing education or volunteer opportunities. More immediately, however, you can be ready for your next opportunity or promotion by educating yourself about the duties, responsibilities, and required skills of a Loan Officer and making sure your resume reflects your experience properly.
We designed the ZipRecruiter Career Keyword Mapper to help you solve this problem and hopefully improve your resume. Using machine learning tools paired with industry research, our Marketplace Research Team helped analyze millions of job postings and resumes to identify the most important keywords related to Loan Officer jobs. Our goal is to help you discover opportunities to improve your resume or to help you understand what skills and qualifications you need to be a Loan Officer or to advance your career into beyond this role.
Employers require a broad range of skills and qualifications in their descriptions of Loan Officer positions. The top three keywords make up 47.93% of the total set of top terms. Look to the Resume Checklist below to see how Mortgage Loans, Customer Service, and Communication Skills shares stack up against the share from resumes. Documentation, Compliance and Detail Oriented represent an additionally healthy share of the employer Loan Officer job postings with their combined total of 27.29%. At 24.78%, Loan Closing, Realtor, MS Office, and Relationship Management appear far less frequently, but are still a significant portion of the 10 top Loan Officer skills and requirements according to employers.
Job seeker resumes showcase a broad range of skills and qualifications in their descriptions of Loan Officer positions. The top three keywords represent 43.16% of the total set of top resume listed keywords. Look to the Resume Checklist below to investigate how Customer Service, Compliance, and Mortgage Loans match up to employer job descriptions. MS Office, Documentation, and Communication Skills represent a very decent share of skills found on resumes for Loan Officer with 27.69% of the total. At 29.14%, Detail Oriented, Business Administration, Microsoft Excel, and Collaboration appear far less frequently, but are still a significant portion of the 10 top Loan Officer skills and qualifications found on resumes.
Here is a simple table of the top 10 skills and qualifications as listed by employers in Loan Officer job postings since January of 2018, followed by the top 10 skills and qualifications most commonly listed by people who held the title of Loan Officer on their resumes.
Top Loan Officer Skills
|Skills Required by Employers
|Skills Listed by Employees
Our Resume Keyword Checklist is based upon an analysis of the most commonly found terms within both job descriptions and resumes for Loan Officer positions. Our algorithm helps isolate phrases and patterns to identify the most frequently recurring and reused keywords from each data source, while correcting for uncommon and outlier results. Various heuristic methodologies are then applied to ultimately create two top 20 lists of the most important and significant skills, certificates and requirements found within Loan Officer job postings and resumes. We then merge the two lists together and use a combination of statistics and rules-based scenarios to create a list that is audited by the Marketplace Research team, and finally turned into the checklist you see below. Our hope is that knowing this information can help you make your best impression with your next potential employer.
Uncommon Keywords on Loan Officer Resumes
Employer job listings tend to list Cross Selling as requirements in Loan Officer job descriptions; however, candidates mention them far less frequently on their resumes. If you possess this experience, including this keyword prominently on your resume when applying for a Loan Officer position may help you stand out more to hiring managers.
Common Keywords on Loan Officer Resumes
Both employer job listings and resumes from people who’ve held the position of Loan Officer tend to always include skills and requirements found in this list. Whether you’ve only got Loan Closing, Sales Experience, Communication Skills, Mortgage Loans, Innovation, Proactive, Disclosures, Documentation, Realtor, FHA Loans, Detail Oriented, Compliance, Loan Processing or Relationship Management in your background and experience, make sure to highlight the term prominently on your resume. As a candidate you’ll be competing with many others who are bound to have as many as you (or more!) of these common resume keywords highlighted in their application for a job as a Loan Officer.
Uncommon Keywords on Loan Officer Job Descriptions
Employer job listings infrequently list Customer Service, Collaboration, Credit Union, MS Office, Analysis, Database, Accuracy or Technical as important skills or qualifications in Loan Officer job descriptions. Nevertheless, candidates mention them much more commonly in their resumes. If you possess any or all of these experiences, including these keywords prominently on your resume when applying for a Loan Officer position may go unnoticed or even discounted by hiring managers.
The most common important skills required by employers are Loan Closing, Sales Experience, Communication Skills, Mortgage Loans, Innovation, Proactive and Disclosures. These skills and requirements are just as likely to be mentioned by employers as well as on resumes of people that held a position as a Loan Officer, suggesting that having these keywords on a resume are important for success as a Loan Officer. Additionally, employer Loan Officer job descriptions list Cross Selling as a desirable experience, even though Cross Selling appears 2.03 times less on resumes, suggesting that it's worth considering including this skill if you possess the experience.
Although you'd probably love to load up your resume with every possible keyword you can, employers tend to look for the things they specify in the job description. Our analysis suggests that highlighting too prominently terms like Customer Service, Collaboration, Credit Union, MS Office, Analysis, Database and Accuracy may be something to reconsider. These 7 terms appear 2.21, 2.43, 2.55, 2.56, 2.80, 3.34 and 3.43 times less frequently, respectively, than in job descriptions for a Loan Officer role. This implies that highlighting any of these keywords on your resume may not be a great way to get noticed by a potential employer.
Unless your resume has a good density of the following skills and experience listed, you may not be considered for the role of Loan Officer. Make sure to include a strong showing for the following keywords on your resume:
- Loan Closing
- Sales Experience
- Communication Skills
- Mortgage Loans
- FHA Loans
- Detail Oriented
- Loan Processing
- Relationship Management
Additionally employers frequently list the following as desirable qualities in a Loan Officer candidate, but they are far less common on most resumes:
Finally people who held the position of a Loan Officer and list it on their resume are adding these terms that are less likely to be noticed by employers. You may want to consider downplaying these terms on your Loan Officer application:
- Customer Service
- Credit Union
- MS Office
At ZipRecruiter, we understand better than anyone the importance of using the right keywords to describe your experience — it’s crucial to attracting the right employers! We built our business on the ability to effectively match job seekers with employers using AI-technology that understands your resume and how likely you are to be noticed by a potential future employer. Having a ZipRecruiter profile that showcases your most relevant skills and abilities can help you get recruited into a new role as a Loan Officer. Get started on your journey with a new ZipRecruiter Profile today!