Many loan officers have employment with commercial banking institutions, credit unions, home loan organizations, and relevant banking institutions. Many loan officers work complete some time some work hours that are extensive. With the exception of customer loan officers, traveling to see customers is typical.
Many loan officers require a bachelor’s degree and enjoy training that is on-the-job. Home mortgage officers should be certified.
The median wage that is annual loan officers had been $63,040 in May 2018.
Employment of loan officers is projected to develop 8 % from 2018 to 2028, faster than the typical for several professions. Even though interest in loan officers will increase whilst the economy that is overall, the decrease of bank branches may moderate employment development.
Explore resources for work and wages by area and state for loan officers.
Compare the working work duties, training, task development, and pay of loan officers with comparable vocations.
Learn more about loan officers by going to additional resources, including O*NET, a supply on key faculties of employees and professions.
Loan officers evaluate, authorize, or suggest approval of loan requests for folks and organizations.
Loan officers typically do the annotated following: