Loan Officers
Tasks Include:
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 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.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Review and update credit and loan files.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Compute payment schedules.
- Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
- Submit applications to credit analysts for verification and recommendation.
more »
The data sources for the information displayed here include: O*NET™; US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Projections Quick View:
Virginia: +5.5%
National: +3.5%
Education
Bachelor's Degree
Job Zone:
Four: Considerable Preparation Needed
Income Range:
Highest ($50,000 and up)
Median Earnings:
National
$65,740.00
State
$77,910.00
Regional
Loan Officers
Description
Career Cluster: | Finance |
Career Cluster: | Human Services |
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.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Education
Required Level of Education
- Bachelor's Degree = 68.74%
- Some College Courses = 12.83%
- Associate's Degree (or other 2-year degree) = 11.18%
- High School Diploma - or the equivalent (for example, GED) = 6.13%
- Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. = 1.12%
Related Work Experience
- Over 4 years, up to and including 6 years = 40.47%
- Over 2 years, up to and including 4 years = 30.91%
- Over 3 months, up to and including 6 months = 10.06%
- Over 10 years = 6.29%
- Over 1 year, up to and including 2 years = 6.13%
- Over 6 months, up to and including 1 year = 3.89%
- Over 6 years, up to and including 8 years = 2.24%
On-Site or In-Plant Training
- None = 18.84%
- Over 1 month, up to and including 3 months = 18.08%
- Over 1 year, up to and including 2 years = 15.10%
- Over 6 months, up to and including 1 year = 12.78%
- Over 3 months, up to and including 6 months = 11.52%
- Up to and including 1 month = 9.50%
- Over 2 years, up to and including 4 years = 9.02%
- Over 4 years, up to and including 10 years = 5.17%
On-the-Job Training
- Over 6 months, up to and including 1 year = 32.37%
- Over 1 month, up to and including 3 months = 22.15%
- Over 1 year, up to and including 2 years = 19.06%
- Anything beyond short demonstration, up to and including 1 month = 15.07%
- Over 4 years, up to and including 10 years = 6.29%
- Over 2 years, up to and including 4 years = 3.94%
- Over 3 months, up to and including 6 months = 1.12%
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Tasks
Core Tasks Include:
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 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.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Review and update credit and loan files.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Compute payment schedules.
- Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
- Submit applications to credit analysts for verification and recommendation.
- Handle customer complaints and take appropriate action to resolve them.
- Work with clients to identify their financial goals and to find ways of reaching those goals.
- Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
- Analyze potential loan markets and develop referral networks to locate prospects for loans.
Supplemental Tasks Include:
- Supervise loan personnel.
- Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
- Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Tasks Include:
- Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
- Authorize or sign mail collection letters.
- Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
- Confer with underwriters to resolve mortgage application problems.
- Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
- Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
- Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
- Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
- Inform individuals and groups about the financial assistance available to college or university students.
- Maintain and review account records, updating and recategorizing them according to status changes.
- Match individuals' needs and eligibility with available financial aid programs to provide informed recommendations.
- Review accounts to determine write-offs for collection agencies.
- Review billing for accuracy.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Tools and Technology
Tools Include:
- Desktop computers
- Notebook computers
- Personal computers
- Personal digital assistant PDAs or organizers (Personal digital assistants PDA)
- Scanners
- Tablet computers
Technologies Include:
- Accounting software
- Bottom Line LoanMaster Loan Servicing
- Financial Industry Computer Systems Loan Accountant
- Analytical or scientific software
- FinEng Solutions software
- Compliance software
- Wolters Kluwer Financial Services ComplianceOne
- Content workflow software
- Experian Transact SM
- Equifax Application Engine
- Document management software
- eOriginal eCore Business Suite
- Financial analysis software
- Bankers Systems Rembrandt Lending System
- California Infinite LPS
- Calyx Point
- CGI-AMS CACS Enterprise
- CGI-AMS Strata
- Click1003 Online Mortgage Application
- Credit and risk analysis software
- Credit fraud detection software
- Credit underwriting software
- Delphi Discovery
- Dun and Bradstreet Global DecisionMaker
- Dynamic Loanledger
- eCredit Enterprise
- Ellie Mae Contour
- Ellie Mae Genesis
- Equifax Advanced Decisioning
- Equifax InterConnect
- Experian Credinomics
- Experian Detect
- Experian FraudShield
- Experian Quest
- Experian Retention Triggers
- Fair Isaac Application Risk Model Software
- Fair Isaac Capstone Decision Manager
- Fair Isaac Falcon ID
- Fannie Mae Desktop Underwriter
- FAS Loan Service Plus
- Financial Industry Computer Systems Loan Originator
- Financial Industry Computer Systems Loan Producer
- Freddie Mac Loan Prospector
- Harland Financial Solutions DecisionPro
- Harland Interlinq MortgageWare
- IA Systems StreamLend
- Indus Lending Solutions
- Integra Destiny Loan Origination
- LA PRO Loan Administrator Pro
- LawFirm Software 1003 Uniform Residential Loan Application Software
- LawFirm Software Loan Origination Software
- Loan application processing software
- Amortization loan software
- Moody's KMV Decisions
- Moody's KMV Financial Analyst
- Moody's KMV Risk Advisor
- Moody's KMV Risk Analyst
- Opportunity management system OMS software
- Plimus Loan Artist
- QuikDraw Loan Management System
- Moody's KMV CreditEdge
- Technicost LOS
- The Mortgage Office Loan Origination
- The Mortgage Office Loan Servicing
- TrueClose Loan Origination software
- VueCentric MortgageDashboard
- White Clarke North America Credit Adjudication and Lending Management
- RealBenefits Amortization Loan
- Information retrieval or search software
- CGI-AMS BureauLink Enterprise
- Internet browser software
- Web browser software
- Office suite software
- Experian Strategy Management
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Additional Resources
Information about a career as a mortgage loan officer can be obtained from:
Mortgage Bankers Association of America
1125 15th St. NW.
Washington, DC 20005
http://www.mbaa.org
State bankers' associations can furnish specific information about job opportunities in their State. Also individual banks can supply information about job openings and the activities
responsibilities and preferred qualifications of their loan officers.
The data sources for the information displayed here include: Virginia Career VIEW Research. (Using onet28)
Loan Officers
Knowledge
% | Subject | Description |
---|---|---|
92.50 | Customer and Personal Service | Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction. |
71.50 | Economics and Accounting | Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data. |
69.25 | English Language | Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar. |
67.25 | Mathematics | Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications. |
61.75 | Sales and Marketing | Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems. |
57.00 | Law and Government | Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process. |
53.50 | Administration and Management | Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Skills
% | Subject | Description |
---|---|---|
75.00 | Active Listening | Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. |
75.00 | Speaking | Talking to others to convey information effectively. |
72.00 | Reading Comprehension | Understanding written sentences and paragraphs in work-related documents. |
72.00 | Judgment and Decision Making | Considering the relative costs and benefits of potential actions to choose the most appropriate one. |
68.75 | Critical Thinking | Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. |
59.50 | Writing | Communicating effectively in writing as appropriate for the needs of the audience. |
56.25 | Mathematics | Using mathematics to solve problems. |
56.25 | Social Perceptiveness | Being aware of others' reactions and understanding why they react as they do. |
56.25 | Complex Problem Solving | Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. |
53.00 | Active Learning | Understanding the implications of new information for both current and future problem-solving and decision-making. |
53.00 | Time Management | Managing one's own time and the time of others. |
50.00 | Service Orientation | Actively looking for ways to help people. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Abilities
% | Subject | Description |
---|---|---|
75.00 | Oral Comprehension | The ability to listen to and understand information and ideas presented through spoken words and sentences. |
75.00 | Written Comprehension | The ability to read and understand information and ideas presented in writing. |
75.00 | Oral Expression | The ability to communicate information and ideas in speaking so others will understand. |
72.00 | Written Expression | The ability to communicate information and ideas in writing so others will understand. |
72.00 | Near Vision | The ability to see details at close range (within a few feet of the observer). |
68.75 | Problem Sensitivity | The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem. |
68.75 | Deductive Reasoning | The ability to apply general rules to specific problems to produce answers that make sense. |
68.75 | Inductive Reasoning | The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). |
68.75 | Speech Clarity | The ability to speak clearly so others can understand you. |
68.75 | Speech Recognition | The ability to identify and understand the speech of another person. |
56.25 | Mathematical Reasoning | The ability to choose the right mathematical methods or formulas to solve a problem. |
56.25 | Number Facility | The ability to add, subtract, multiply, or divide quickly and correctly. |
53.00 | Information Ordering | The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). |
50.00 | Fluency of Ideas | The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity). |
50.00 | Category Flexibility | The ability to generate or use different sets of rules for combining or grouping things in different ways. |
50.00 | Selective Attention | The ability to concentrate on a task over a period of time without being distracted. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Work Activities
% | Subject | Description |
---|---|---|
87.50 | Getting Information | Observing, receiving, and otherwise obtaining information from all relevant sources. |
87.25 | Evaluating Information to Determine Compliance with Standards | Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards. |
83.50 | Establishing and Maintaining Interpersonal Relationships | Developing constructive and cooperative working relationships with others, and maintaining them over time. |
82.00 | Processing Information | Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data. |
81.50 | Analyzing Data or Information | Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. |
81.00 | Working with Computers | Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. |
77.75 | Communicating with People Outside the Organization | Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail. |
77.00 | Making Decisions and Solving Problems | Analyzing information and evaluating results to choose the best solution and solve problems. |
76.50 | Communicating with Supervisors, Peers, or Subordinates | Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person. |
73.50 | Updating and Using Relevant Knowledge | Keeping up-to-date technically and applying new knowledge to your job. |
73.50 | Organizing, Planning, and Prioritizing Work | Developing specific goals and plans to prioritize, organize, and accomplish your work. |
69.75 | Documenting/Recording Information | Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form. |
67.00 | Judging the Qualities of Objects, Services, or People | Assessing the value, importance, or quality of things or people. |
66.50 | Identifying Objects, Actions, and Events | Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events. |
65.75 | Performing for or Working Directly with the Public | Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests. |
64.50 | Interpreting the Meaning of Information for Others | Translating or explaining what information means and how it can be used. |
60.00 | Developing and Building Teams | Encouraging and building mutual trust, respect, and cooperation among team members. |
58.75 | Selling or Influencing Others | Convincing others to buy merchandise/goods or to otherwise change their minds or actions. |
58.50 | Performing Administrative Activities | Performing day-to-day administrative tasks such as maintaining information files and processing paperwork. |
57.50 | Resolving Conflicts and Negotiating with Others | Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others. |
56.50 | Thinking Creatively | Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions. |
53.50 | Monitoring Processes, Materials, or Surroundings | Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems. |
51.50 | Coordinating the Work and Activities of Others | Getting members of a group to work together to accomplish tasks. |
50.25 | Scheduling Work and Activities | Scheduling events, programs, and activities, as well as the work of others. |
49.75 | Providing Consultation and Advice to Others | Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Work Styles
% | Subject | Description |
---|---|---|
91.50 | Integrity | Job requires being honest and ethical. |
84.00 | Dependability | Job requires being reliable, responsible, and dependable, and fulfilling obligations. |
78.75 | Cooperation | Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude. |
77.25 | Attention to Detail | Job requires being careful about detail and thorough in completing work tasks. |
74.75 | Adaptability/Flexibility | Job requires being open to change (positive or negative) and to considerable variety in the workplace. |
74.50 | Initiative | Job requires a willingness to take on responsibilities and challenges. |
74.50 | Stress Tolerance | Job requires accepting criticism and dealing calmly and effectively with high-stress situations. |
73.00 | Analytical Thinking | Job requires analyzing information and using logic to address work-related issues and problems. |
71.75 | Self-Control | Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations. |
71.25 | Persistence | Job requires persistence in the face of obstacles. |
70.25 | Independence | Job requires developing one's own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done. |
68.75 | Achievement/Effort | Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks. |
66.75 | Concern for Others | Job requires being sensitive to others' needs and feelings and being understanding and helpful on the job. |
65.75 | Leadership | Job requires a willingness to lead, take charge, and offer opinions and direction. |
63.25 | Social Orientation | Job requires preferring to work with others rather than alone, and being personally connected with others on the job. |
50.25 | Innovation | Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Work Values
% | Subject | Description |
---|---|---|
83.33 | Relationships | Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service. |
72.17 | Independence | Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy. |
66.67 | Support | Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. |
61.17 | Achievement | Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. |
61.17 | Recognition | Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. |
55.50 | Working Conditions | Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Work Context
% | Subject | Description |
---|---|---|
100.00 | Telephone | How often do you have telephone conversations in this job? |
100.00 | Electronic Mail | How often do you use electronic mail in this job? |
100.00 | Indoors, Environmentally Controlled | How often does this job require working indoors in environmentally controlled conditions? |
97.80 | Face-to-Face Discussions | How often do you have to have face-to-face discussions with individuals or teams in this job? |
96.60 | Contact With Others | How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it? |
96.00 | Frequency of Decision Making | How frequently is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization? |
92.20 | Spend Time Sitting | How much does this job require sitting? |
91.00 | Deal With External Customers | How important is it to work with external customers or the public in this job? |
90.60 | Work With Work Group or Team | How important is it to work with others in a group or team in this job? |
90.00 | Importance of Being Exact or Accurate | How important is being very exact or highly accurate in performing this job? |
89.80 | Impact of Decisions on Co-workers or Company Results | What results do your decisions usually have on other people or the image or reputation or financial resources of your employer? |
88.60 | Freedom to Make Decisions | How much decision making freedom, without supervision, does the job offer? |
87.80 | Structured versus Unstructured Work | To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals? |
84.60 | Letters and Memos | How often does the job require written letters and memos? |
82.40 | Time Pressure | How often does this job require the worker to meet strict deadlines? |
81.20 | Level of Competition | To what extent does this job require the worker to compete or to be aware of competitive pressures? |
78.00 | Coordinate or Lead Others | How important is it to coordinate or lead others in accomplishing work activities in this job? |
72.00 | Responsibility for Outcomes and Results | How responsible is the worker for work outcomes and results of other workers? |
69.00 | Importance of Repeating Same Tasks | How important is repeating the same physical activities (e.g., key entry) or mental activities (e.g., checking entries in a ledger) over and over, without stopping, to performing this job? |
67.80 | Spend Time Using Your Hands to Handle, Control, or Feel Objects, Tools, or Controls | How much does this job require using your hands to handle, control, or feel objects, tools or controls? |
66.40 | Deal With Unpleasant or Angry People | How frequently does the worker have to deal with unpleasant, angry, or discourteous individuals as part of the job requirements? |
64.00 | Degree of Automation | How automated is the job? |
63.80 | Frequency of Conflict Situations | How often are there conflict situations the employee has to face in this job? |
62.80 | Physical Proximity | To what extent does this job require the worker to perform job tasks in close physical proximity to other people? |
60.20 | Consequence of Error | How serious would the result usually be if the worker made a mistake that was not readily correctable? |
58.40 | Sounds, Noise Levels Are Distracting or Uncomfortable | How often does this job require working exposed to sounds and noise levels that are distracting or uncomfortable? |
52.60 | Responsible for Others' Health and Safety | How much responsibility is there for the health and safety of others in this job? |
51.60 | Spend Time Making Repetitive Motions | How much does this job require making repetitive motions? |
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Job Zone Four: Considerable Preparation Needed
- Overall Experience
- A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
- Job Training
- Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- Examples
- Many of these occupations involve coordinating, supervising, managing, or training others. Examples include real estate brokers, sales managers, database administrators, graphic designers, conservation scientists, art directors, and cost estimators.
- Education
- Most of these occupations require a four-year bachelor's degree, but some do not.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Earnings Benefits*
Region | Entry Level | Median | Experienced |
---|---|---|---|
United States | $34,920.00 | $65,740.00 | $99,200.00 |
Virginia | $39,760.00 | $77,910.00 | $102,200.00 |
Region | Entry Level | Median | Experienced |
Alexandria/Arlington | $56,639.65 | $92,326.40 | $118,988.45 |
Bay Consortium | $49,982.04 | $80,781.65 | $118,894.63 |
Capital Region Workforce Partnership | $44,582.94 | $75,824.14 | $108,273.86 |
Central VA/Region2000 | $33,117.73 | $57,487.15 | $89,029.21 |
Crater Area | $40,468.84 | $62,118.31 | $92,377.39 |
Greater Peninsula | $45,787.38 | $69,096.16 | $122,367.23 |
Hampton Roads | $45,526.30 | $77,923.00 | $125,936.72 |
New River/Mt. Rogers | $42,645.21 | $66,118.18 | $98,099.79 |
Northern Virginia | $54,459.21 | $97,313.49 | $138,103.58 |
Piedmont Workforce | $50,440.98 | $82,577.61 | $124,912.79 |
Shenandoah Valley | No Data | No Data | No Data |
South Central | $39,763.10 | $61,318.75 | $91,877.66 |
Southwestern Virginia | $43,401.94 | $70,701.41 | $94,621.07 |
West Piedmont | $37,773.37 | $66,489.41 | $100,616.80 |
Western Virginia | $44,302.48 | $64,302.84 | $93,543.09 |
* Earnings Calculations:
Regional Earnings:
Entry = Annual mean of the lower 1/3 wage distribution;
Experienced = Annual mean of the upper 2/3 wage distribution.
National and State Earnings:
Entry = Annual 10th percentile wage;
Experienced = Annual 75th percentile wage.
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Loan Officers
Employment Projections
Current | Projected | % Change | |
---|---|---|---|
United States | 354,600 | 367,100 | +3.5% |
Virginia | 9,662 | 10,191 | +5.5% |
Region | Current* | Projected | % Change |
Alexandria/Arlington | 883 | 988 | +11.9% |
Bay Consortium | 342 | 401 | +17.3% |
Capital Region Workforce Partnership | 1,791 | 1,746 | -2.5% |
Central VA/Region2000 | 114 | 134 | +17.5% |
Crater Area | 105 | 121 | +15.2% |
Greater Peninsula | 308 | 364 | +18.2% |
Hampton Roads | 1,143 | 1,402 | +22.7% |
New River/Mt. Rogers | 241 | 286 | +18.7% |
Northern Virginia | 2,940 | 3,058 | +4.0% |
Piedmont Workforce | 163 | 207 | +27.0% |
Shenandoah Valley | 664 | 687 | +3.5% |
South Central | No Data | No Data | No Data |
Southwestern Virginia | No Data | No Data | No Data |
West Piedmont | 145 | 190 | +31.0% |
Western Virginia | 324 | 369 | +13.9% |
The data sources for the information displayed here include: US Department of Labor (BLS); Virginia Workforce Connection. (Using onet28)
Loan Officers
Related Occupations
Related Occupations
The related occupations here have similar general capabilities and interests; career explorers may also be interested in the related occupations:- Loan Interviewers and Clerks
- Credit Analysts
- Credit Counselors
- Credit Authorizers, Checkers, and Clerks
- Personal Financial Advisors
- Financial Managers
- Securities, Commodities, and Financial Services Sales Agents
- Financial and Investment Analysts
- New Accounts Clerks
- Bill and Account Collectors
- Insurance Sales Agents
- Brokerage Clerks
- Tellers
- Financial Examiners
- Insurance Underwriters
- Real Estate Brokers
- Bookkeeping, Accounting, and Auditing Clerks
- Accountants and Auditors
- Tax Preparers
- Insurance Claims and Policy Processing Clerks
Careers in Consumer Services Pathway:
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
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Occupations
The data sources for the information displayed here include: New York State Department of Labor; New Jersey Department of Labor; California Occupational Information Coordinating Committee; CareerOneStop. (Using onet28)
Loan Officers
Proficiency Ratings
These proficiencies are scored on a scale from 1 to 5 with 1 being not
important to the job and 5 being extremely important to the job.
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Titles
- Agricultural Loan Officer
- Bank Officer
- Bank Representative
- Banking Services Officer
- Branch Account Executive
- Branch Account Manager
- Branch Banker
- Branch Lending Officer
- Branch Manager
- Business Banker
- Business Banking Officer
- Commercial Banker
- Commercial Lender
- Commercial Loan Collection Officer
- Commercial Loan Officer
- Commercial Mortgage Broker
- Consumer Loan Officer
- Corporate Banking Officer
- Farm Loan Representative
- Lender
- Loan Administrator
- Loan Adviser
- Loan Analyst
- Loan Approver
- Loan Auditor
- Loan Consultant
- Loan Coordinator
- Loan Counselor
- Loan Examiner
- Loan Interviewer
- Loan Officer
- Loan Originator
- Loan Reviewer
- Loan Service Officer
- Loan Specialist
- Loan Supervisor
- Loan Workout Officer
- Mortgage Banker
- Mortgage Broker
- Mortgage Consultant
- Mortgage Loan Officer
- Mortgage Loan Originator
- Mortgage or Loan Underwriter
- Mortgage Originator
- Mortgage Specialist
- Mortgage Underwriter
- Personal Banking Officer
- Portfolio Manager
- Real Estate Loan Officer
- Real Estate Officer
- Relationship Manager
- Small Business Banking Officer
The data sources for the information displayed here include: O*NET™. (Using onet28)
Loan Officers
Related Schools
- Bluefield University
- Christopher Newport University
- Ferrum College
- George Mason University
- Hampton University
- James Madison University
- Liberty University
- Old Dominion University
- Radford University
- Virginia Commonwealth University
- Virginia Polytechnic Institute and State University
- Virginia Union University
The data sources for the information displayed here include: O*NET™. (Using onet28)