Loan officers evaluate, authorize, or recommend approval of applications for folks and companies

Loan officers evaluate, authorize, or recommend approval of applications for folks and companies

Overview

Exactly Exactly Just What Loan Officers Do

Work Place

Many loan officers have employment with commercial banks, credit unions, home loan businesses, and relevant institutions that are financial. Many loan officers work complete some time some work considerable hours. With the exception of customer loan officers, planing a trip to check out customers is typical.

How to be a Loan Officer

Most loan officers require a bachelor’s degree and enjoy on-the-job training. Home loan officers should be certified.

The median yearly 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 common for many vocations. Even though need for loan officers will increase due to the fact 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 Occupations

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

Additional Information, Including Hyper Links to O*NET

Find out about loan officers by going to extra resources, including O*NET, a supply on key traits of employees and professions.