Loan Specialist Cover Letter Examples

What to Include in a Loan Specialist Cover Letter?

Roles And Responsibilities

Processing advances and disbursements, as well as preparing pay-off letters.
Working closely with loan officers to obtain credit information, coordinate closings, calculate closing costs and disperse funds for clients.
Ensuring loans are processed as per established company procedures and policies.
Providing assistance in maintaining various credit files and following up on client inquiries.
Assisting administrative staff with periodic audits.

Education & Skills

Additionally, the cover letter of a Loan Specialist should mention the following skillset:

Overall knowledge of the lending process, which includes underwriting, loan processing, and funding.
Knowledge of underwriting all types of products or income types.
Ability to proofread/review and qualify loans for approval.
Proficiency in Microsoft Office.
Customer service skills, including communication and organizational abilities.
Strong command of the English language.

Effective cover letters for Loan Specialist would mention the following educational qualification:

High School Diploma or equivalent.

Loan Specialist Cover Letter Example (Text Version)

Dear Mr./Mrs.,

I am writing this letter in response to your call seeking applicants for the post of Loan Specialist at your firm. I have been working as a Loan Specialist at [YYY Company] for two years now and I am passionate about this job. I am a good communicator and a friendly team player and with my prior experience in this particular field, I am sure I will be a valuable addition to your company.

[XXX Company] is one of the most sought-after companies for anyone who wishes to boost their experience in this field. Over the years, you have stayed true to your vision of creating value for your employees and customers alike. It would be an honor to work alongside professionals in a company with such a global presence as yours.

I hold a Bachelor’s in Accounting and have hands-on experience in the field. Here are some of the tasks I perform at [YYY Company]:

Review loan applications for compliance and accuracy.
Prepare certificate of eligibility, loan closing notification, etc, as and when required.
Actively maintain and manage a heavy loan pipeline.
Notify customers regarding all relevant updates.
Collaborate with the Executive Loan Committee to assist them in determining appropriate loan products.
Correspond with related team members in case any additional loan information needs to be documented.

I am a fast learner who is punctual and meticulous with any work I take on. I have a proven track record of generating good results and I do not compromise on the quality of the work, however small it may be. If hired, I assure you that my expertise in this field will not disappoint you.

Thank you for your time and patience. If possible, I would like to discuss this further with you in detail.

Sincerely,
[Your Name]

Tips

An effective Loan Specialist Cover Letter should explain to the recruiter what you can offer to their company. Highlight the unique skill set that sets you apart from the other candidates. Boost your chances of getting hired by creating an impressive resume using our Loan Specialist Resume Sample.