Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.
Webforms
- Loan Officers
- Finance
What do they typically do
- Evaluate the applicant's finances to decide if the applicant should get the loan
- Contact companies or people to ask if they need a loan
- Submit applications to credit analysts for verification and recommendation
- Obtain and verify financial information, such as the applicant's credit rating and income level
- Keep up to date on new types of loans and other financial services and products to better meet customers' needs
- Explain different types of loans and the terms of each one to applicants
- Approve loan applications or refer them to management for a decision
- Meet with loan applicants to gather personal information and answer questions
Number of Jobs
Average Annual
Job Growth +1.3%
Job Opening 1,513
Education & Training
- Education Most occupations require training in vocational schools, related on-the-job experience, or an associate's degree.Associated Programs or MajorsLicense
Private Training Programs
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16630
Change 2071