JOB SKILLS AND REQUIREMENTS. 1  Math: Loan processors may have to calculate credit scores and other duties that require basic math skills. 2  Communication: Loan processors talk with applicants to get their personal and financial information, as well as explain loan procedures to applicants.
The definition of bimonthly is happening every two months, or it could be used in place of semimonthly to mean twice a month. 1  An example of bimonthly used as an adjective is the phrase a bimonthly bill which means a bill that comes every two months. An example of bimonthly used as an adjective is the phrase a bimonthly paycheck which means a paycheck that comes two times a month.
Employers in the United States generally pay their employees weekly, biweekly, semimonthly or monthly. State law usually dictates the time frame that employees must be paid by; an employer can pay more frequently but not less. Some employers pay employees on a biweekly and/or semimonthly basis. Some key differences exist between the two. The main difference between a biweekly and semimonthly payroll is that biweekly happens every two weeks while semimonthly occurs twice per month, such as on the 15th and final day of the month.