Loan officers evaluate, authorize, or suggest approval of loan requests for individuals and companies

Loan officers evaluate, authorize, or suggest approval of loan requests for individuals and companies

Overview

Just What Loan Officers Do

Work Place

Many loan officers have employment with commercial banking institutions, credit unions, home loan businesses, and associated institutions that are financial. Many loan officers work complete time and some work hours that are extensive. With the exception of consumer loan officers, planing a trip to see customers is typical.

How to be a Loan Officer

Many loan officers desire a bachelor’s degree and accept training that is on-the-job. Real estate loan officers must certanly be certified.

The median annual wage for loan officers had been $63,040 in might 2018.

Job Outlook

Employment of loan officers is projected to cultivate 8 per cent from 2018 to 2028, faster than the typical for many professions. Even though interest in loan officers will increase given that general economy grows, the decrease of bank branches may moderate employment development.

State & Region Information

Explore resources for work and wages by state and area for loan officers.

Comparable Professions

Compare the task duties, training, task development, and pay of loan officers with comparable vocations.

More Details, Including Hyper Links to O*NET

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