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Pathway: Accounting, Banking & Finance
Job: Loan Officer
Job Description
Loan officers facilitate lending by seeking potential clients and assisting them in applying for loans. They gather information about clients and businesses so that informed decisions are made about the quality of a loan and the probability of repayment. Loan officers usually specialize in commercial, consumer, or mortgage loans.
Necessary Education
Bachelor’s Degree
Helpful High School Courses
Mathematics, Business courses
Working Conditions
Work a 40-hour week, but may work longer hours when serving a large caseload. Usually involves considerable travel.
Salary Range
- 2003, Delaware average annual salary,
$61,700
- 2003, Delaware average hourly wages,
$29.67
Career Ladder Information
- Training or experience in banking, lending, or sales is advantageous
- Often are paid a salary or a salary with a bonus or commission
- Advancement usually includes supervising other loan officers and clerical staff
Personal Qualities and Interests
You:
- Are highly motivated
- Are familiar with computers
- Are confident in your abilities
- Are able to develop effective working relationships
Did you know?
- Loan officers are especially busy when interest rates are low, due to a surge in loan applications.
Additional Information
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