Loan Officer Jobs

Loan Officer Overview


A loan officer serves as the middleman between institutions that provide loans, such as banks and mortgage companies, and the individuals who take out the loans. A loan officer is responsible for finding a middle ground between the lender and the applicant that is both fair and financially responsible to both sides; this means ensuring the loan amount is not more than the applicant can pay while also ensuring that the interest rates are manageable.

Loan Officer Education Requirements


Loan officers must have a bachelor’s degree in finance or a related field. Once hired, a moderate amount of training is provided by the employer, most commonly in the specific practices of that company. In addition, loan officers must have strong interpersonal skills in order to negotiate with clients, clear communication ability so that the client fully understands everything the loan officer presents, and the ability to properly read financial reports and understand the underlying meaning.

Loan Officer Job Market


The job availability for loan officers is expected to grow by 8 percent by 2022. While this is a bit slower than most careers, the growth will still result in around 7,720 new jobs opening up each year. Because of the variety of entities that require loans, loan officers often work in commercial lending or as a loan underwriter.

Loan Officer Salary


Loan officers earn around $42,000 per year on average although the salary can be as low as $20,000 or as high as $150,000 depending on the employer. Other factors also come into play, including the experience of the loan officer, the number of loans he or she is able to give, and the repayment rates of the loans he or she originates. Larger banking and lending institutions pay far more than smaller companies.
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1000+ Loan Officer jobs found on Monster.

Jobs 1 to 20 of 6765
One of our high producing loan originators in Scottsdale is looking to add to their highly experienced team. We are seeking a licensed loan officer or a licensed loan officer assistant with a minimum of 3 years of current experience for these positions. Experience with mortgage clients on a daily basis as well as being licensed is a must! Experienced Loan Officers - Love the business and truly ho...
Loan Officer A southeastern Minnesota community bank seeks a loan officer with two or more years of experience in consumer and mortgage lending. Experience in ag and commercial lending is a plus. Applicants should be able to process their loans and participate in loan collections. This is a competitive wage position with opportunities for advancement in the near future. Send resume and salary requ...
Company Confidential Indianapolis, IN, 46240
GROWING REGIONAL, HUD APPROVED DELEGATED MORTGAGE BANKER THAT HAS BEEN IN BUSINESS FOR 15 YEARS IS LOOKING FOR LICENSED LOAN OFFICERS. EXCLUSIVE, INBOUND LEADS GENERATED WITH DATA SPECIFIC CRITERIA, MEETING SPECIFIC NICHES ACROSS MULTIPLE STATES IN MIDWEST. (THIS MEANS NO LENDING TREE, NO LOWERMYBILLS, ETC TYPE LEADS!) HIGH CALL VOLUME AND LEAD COUNT. LOOKING FOR MOTIVATED INDIVIDUALS WHO WANT T...
UNFCU is expanding to the greater Washington, DC area. This position performs the solicitation and origination of residential first and second mortgage loans with potential applicant(s), determination of applicant’s financial needs and promotion of mortgage and consumer loan products/services that meet those needs, in compliance with UNFCU loan policy and federal, state and NCUA rules, regulations...
CHS Capitalhas an exciting opportunity in our CHS Capital group. We are looking for aLoan Officerto maintain a business relationship with managers and directors of local cooperatives that borrow from CHS Capital. The loan officer is expected to maintain a very high quality loan portfolio, maintain good customer relations with borrowers and intervene when business results warrant intervention. You ...
Join us in our success! Are you looking for a new challenge in Consumer Lending while further advancing your career? Marine Credit Union Enterprise invites you to consider joining our progressive financial institution during this exciting time for our organization! We are a full service Credit Union enterprise offering financial, insurance, and lending services for our members. Based in beautiful...
Join Us In Our Success! Are you looking for a new customer service opportunity in Community Banking while further advancing your career? Marine Credit Union Enterprise invites you to consider joining our progressive full service financial institution during this exciting time for our organization! We are a full service Credit Union enterprise offering financial, insurance, and lending services fo...
At American Continental Bank, we believe that honesty is the best policy. You will encounter a genuinely satisfying banking experience with us. American Continental Bank is a community-based bank serving the surrounding Asian community in the greater Los Angeles area. Depending on your specific banking needs, our goal is to serve you promptly and courteously in an effort to make your banking exper...
Company Confidential Fairfax, VA, 22030
Mid-size regional bank expanding into Northern Virginia is seeking a qualified loan producer experienced in real estate and small business lending to join loan production office. Responsibilities include developing a full banking relationship with businesses, professionals and executives; evaluating, authorizing, or recommending approval of commercial, real estate, and small business loans; and pa...
Are you looking to join a dynamic, team-oriented environment with opportunity to forge a great career? If you have experience and a desire to work in Sales, Financial Services, or Consumer Lending with a talent for building relationships, then we'd like to talk with you. Marine Credit Union is expanding its Consumer Lending presence in the Milwaukee area and we invite you to share in our success! ...
Are you looking to join a dynamic, team-oriented environment with opportunity to forge a great career? If you have experience and a desire to work in Sales, Financial Services, or Consumer Lending with a talent for building relationships, then we'd like to talk with you. Marine Credit Union is expanding its Consumer Lending presence in the Ripon, WI area and we invite you to share in our success! ...
Job Description: This is an outstanding opportunity for an established, licensed loan originator to join a growing organization, with a business model that allows you to focus your attention on what you are good at - loan origination! Based inside one of our partner Credit Unions, you will be responsible for selling VA, FHA, Condo and Two Unit property loans to the existing Credit Union Member b...
Company Confidential Washington, DC, 20001
We will beat your current comp plan with a federally chartered bank, licensing exempt to lend in all 50 states, salary draw, top bps per loan, 401K, full medical and dental, 28 day closing guarantees, portfolio products, you are completely autonomous with the support of the bank! CULTURE 1. Who are we? a) community bank b) #1 Community Bank in mortgage loans closed- small enough to care, big e...
About TD Bank, America's Most Convenient Bank® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD...
About TD Bank, America's Most Convenient Bank® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD...
Are you looking to join a dynamic, team-oriented environment with opportunity to forge a great career? If you have experience and a desire to work in Sales, Financial Services, or Consumer Lending with a talent for building relationships, then we'd like to talk with you. Marine Credit Union is expanding its Consumer Lending presence in the Milwaukee area and we invite you to share in our success! ...
Primary Duties : Supervise lending personnel and the overall lending function of the bank Seeks new business relationships and strengthens and maintains existing customer relationships. Interviews commercial loan applicants and makes credit decisions within established guidelines. Manages a portfolio of commercial loans and coordinates some collection activities. Originate new and expand existi...
Elevate Your Career at ditech: Ditech Mortgage Corp. (“ditech”) is actively seeking production teams that are looking to grow professionally and financially. Take advantage of what we can offer you to elevate your career and income. Our focus is on self-sourcing state licensed loan originators with the skill and experience to generate quality mortgage loans through a network of Realtors, builders...
Aurora Financial is a Direct Lender in Tyson's Corner, VA. www.auroraf.com Lending in 23 states. • Live In-Bound Calls, No selling or negotiating required. Simply honor what we advertise. (10-15 leads per day) CLOSE IN 10 DAYS! $1,000 ON-TIME CLOSING GUARANTEE FREE RATE FLOAT DOWNS 7 DAY EXPRESS CLOSE • In House Processing, Underwriting and Closing. • We do FHA, VA and Conventional. •ESign...
Elevate Your Career at ditech: Ditech Mortgage Corp. (“ditech”) is actively seeking production teams that are looking to grow professionally and financially. Take advantage of what we can offer you to elevate your career and income. Our focus is on self-sourcing state licensed loan originators with the skill and experience to generate quality mortgage loans through a network of Realtors, builders...

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Banking Career Tools

Loan Officer

Salaries

$28,000.00 - $117,000.00
Typical Salary for Loan Officer
(371 Respondents)
Source: Monster.com Careerbenchmarking Tool

Education / Training

Bachelor's
43.8%
Some College Coursework Completed
19.2%
Master's
17.9%
Associates
9.8%
High School
5.4%
Professional
2.2%
(224 Respondents)
Source: Monster.com Careerbenchmarking Tool

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