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Loan Processors

Advancement Prospects

A highly-skilled and -experienced loan processor can advance to the position of senior loan processor, who supervises a team of processors, or loan collector, who contacts loan customers with delinquent accounts and, if necessary, initiates the appropriate collection action. Overall, it’s difficult to advance without completing additional education (especially for those with only a high school diploma) and becoming certified. Those who do so can become credit managers and loan officers.

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