Overview & Salary

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 & Skills

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 & Abilities

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
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