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

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

Overview

What Loan Officers Do

Work Place

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

How to be a Loan Officer

Many loan officers require a bachelor’s degree and accept on-the-job training. Home loan officers needs to be certified.

The median yearly wage for loan officers ended up being $63,040 in May 2018.

Job Outlook

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

State & Region Information

Explore resources for work and wages by area and state for loan officers. Continue reading “Loan officers evaluate, authorize, or suggest approval of loan requests for individuals and organizations”