What does a consumer loan processor do?

A consumer loan processor is responsible for preparing and organizing loan application paperwork to ensure files are ready for review by the lender. As a consumer loan processor, you interview applicants, gather information, and review records for completeness during the loan application process. To become a consumer loan processor, you typically need at least a high school diploma or GED certificate and on-the-job training. Some employers prefer candidates to have a bachelor’s degree in finance, economics, or a related field. Additional qualifications include strong interpersonal skills, attention to detail, and experience with banking software.