How to Become an Inbound Closer?
Are you thinking of becoming an Inbound Closer or already started your career and planning the next step? Learn how to become an Inbound Closer, what skills you need to succeed, how to advance your career and get promoted, and what levels of pay to expect at each step on your career path. Explore new Inbound Closer job openings and options for career transitions into related roles.
"Loan Processor" was the nearest match for you query "Inbound Closer".
Steps to Become a Loan Processor
If you're considering starting your Loan Processor career path, it's important to note the skills, qualifications, and time it takes to become a professional Loan Processor and how to advance your career path. Below are the steps generally required to begin and advance your Loan Processor career.Contents
1
Earn a Degree
To begin your Loan Processor career path, a Bachelor's Degree in Finance or a related field is usually necessary in order to remain a competitive option for employers. Focus on industry-specific skill development during your education in order to be properly equipped when applying for entry-level positions and entering the job force. A Loan Processor internship may be required to earn your Bachelor's Degree and acquire necessary on-the-job skills before entering the workforce.What type of degree should you pursue to become a Loan Processor?
70% of people working as a Loan Processor earned a Bachelor's Degree
What skills do you need to be a Loan Processor?
- Excellent Customer Service
- Excellent Communication
- Microsoft Office Suite
- Written Communication
- Attention To Detail
- MS Office Applications
- Microsoft Outlook
- Time Management
2
Choose a Specialty in Your Field
As an Loan Processor, you may be required to choose a specialty within your field. Determine which part of the Loan Processor field you feel strongest in, and continue taking active steps toward growing in your chosen Loan Processor specialty.3
Get an Entry-Level Position as a Loan Processor
Once you've acquired a Bachelor's Degree in Finance or a related field, you'll typically begin your career as an entry-level Loan Processor. In general, you can become a Loan Processor after completing your 4 year Bachelor's Degree in a related discipline. Depending on the type of Loan Processor role you’re pursuing, you may want to explore certification in certified b corporation.4
Advance in Your Loan Processor Career
Following entry-level, there are several Loan Processor career path levels to advance into. It can take 2 years as an entry-level Loan Processor to progress to the senior loan processor position. Each advanced Loan Processor position requires approximately 2 years of experience at each level to advance in your Loan Processor career path. It may be necessary to receive additional education, an advanced degree such as a Master's Degree in a related field, or special certifications in order to advance your Loan Processor career path.5
Continued Education for Your Loan Processor Career Path
Not all industries and companies require continued education to advance your Loan Processor career path. However, earning this degree may help you advance to higher-earning positions more quickly. Earning a Bachelor's Degree in Finance can take 4 years to complete. People that have earned their Bachelor's Degree typically make $70,533 compared to $32,769 for those without that type of degree.Inbound Closer Career Path
Loan Processor
2 - 4Years of Experience
$47K - $74K /yrMost Likely Range
40% advanced to
Senior Loan Processor
2 - 4Years of Experience
$69K - $116K /yrMost Likely Range
Loan Processor IV
5 - 7Years of Experience
$63K - $96K /yrMost Likely Range
Total Pay Trajectory
Inbound Closer Career Path
Loan Processor I
Loan Processor
Senior Loan Processor
Loan Processor Manager
Loan Processor IV
Senior Manager of Loan Processing
Loan Processor V
Assistant Director of Loan Processing
Director of Loan Processing
Vice President of Loan Processing
Executive Loan Processor
$30K
$104K
$178K
$252K
$400K
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