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Loan Officer Job Description

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Overview

loan officer
177
The number of occurrences in our database.
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The Loan Officer permits the approval of business, real estate or credit loans. Their role is updating account records and reviewing loan files. Their responsibilities are to meet with loan applicants to identify their needs, collect information for loan applications, analyze active loan files, recommend solutions to speed up the loan process, teach clients on policies and regulations, interview applicants to define financial eligibility, establish debt payment plans, update account records, submit loan applications, prepare detailed loan proposals, answer applicant questions and resolve any loan-related issues, and operate in compliance with laws and regulations.

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Examples of Current Open Loan Officer Positions
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indeedImg
Avg Pay: $182K
Jobs: 30,507
glassdoor
Avg Pay: $133K
Jobs: 2,203

Education you need to become a Loan Officer

These are the most common degrees or certificates earned by Jobtrees users prior to becoming a Loan Officer

There may be other required degrees or certifications needed for this job. The below info shows you the most commonly desired education level from employers when hiring for this job.

  • Bachelor of Science (b.sc.) in Finance
    The number of occurrences matches with Loan Officer in our database.
    Avg. Duration:48 monthsAvg. Fees:$31,159Type:Mostly full timeView more on Studyportals
  • Bachelor of Science (b.sc.) in Criminal Justice
    The number of occurrences matches with Loan Officer in our database.
    Avg. Duration:47 monthsAvg. Fees:$26,899Type:Mostly full timeView more on Studyportals
  • Bachelor of Business Administration (b.b.a.) in Marketing
    The number of occurrences matches with Loan Officer in our database.
    Avg. Duration:48 monthsAvg. Fees:$27,034Type:Mostly full timeView more on Studyportals
  • Bachelor of Science (b.sc.) in Computer Science
    The number of occurrences matches with Loan Officer in our database.
    Avg. Duration:48 monthsAvg. Fees:$32,594Type:Mostly full timeView more on Studyportals
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Annual Pay Estimate for Loan Officer and Other Important Info

See how many years Loan Officer's are in their job, how much they make, how long it took to get there and how available this job is in terms of open positions.

4.7 years
$158K
The average years of experience in the workforce prior to having this role
3.63 years
Entry
The average number of roles it took our users to get to this one
3
626 out of 4016

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Career Paths for Loan Officer

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Jobs to start your career in becoming a Loan Officer

These are the most common roles Jobtrees users had to start their career that eventually lead them to Loan Officer. If you’re looking to get into this career these are jobs to consider to get your start. We’ve included below some current open job postings that match those roles. Click to search for more.