Loan Officers evaluate, authorize, or recommend approval of applications for personal and business loans.
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Print Occupation
- Loan Officers
Finance
What do they typically do
- Contact businesses or people to ask if they need a loan
- Talk with loan applicants to gather information and answer questions
- Explain to applicants the different types of loans and the terms of each type
- Obtain, verify, and analyze applicants' financial information, such as credit rating and income
- Review loan agreements to ensure that they comply with federal and state regulations
- Approve loan applications or refer them to management for a decision
Number of Jobs
Average Annual
Job Growth +0.6%
Job Openings 1,221
Education & Training
- Education Most require a four-year bachelor's degree, but some do not.Associated Programs or MajorsLicense
Private Training Programs
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Change 717