Overview
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
On the job, you would:
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Education
- bachelor's degree
- some college
Salary
Annual 10th percentile $37,020
Annual median $69,990
Annual 90th percentile $139,470
Knowledge
Business
- customer service
- accounting and economics
Arts and Humanities
- English language
Math and Science
- arithmetic, algebra, geometry, calculus, or statistics
Safety and Government
- law and government
Skills
Basic Skills
- listening to others, not interrupting, and asking good questions
- talking to others
Problem Solving
- noticing a problem and figuring out the best way to solve it
Personality
Conventional
People interested in this work like activities that include data, detail, and regular routines.
- Integrity
- Dependability
- Cooperation
- Attention to Detail
- Adaptability/Flexibility
- Initiative
Abilities
Verbal
- communicate by speaking
- listen and understand what people say
Math
- add, subtract, multiply, or divide
- choose the right type of math to solve a problem
Ideas and Logic
- make general rules or come up with answers from lots of detailed information
- notice when problems happen