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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365 Loan Officer jobs found on Monster.

Jobs 1 to 20 of 365
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 seeking a new career challenge in a dynamic, fast-paced work environment with the opportunity for personal & professional development?Do you have experience working with the public in a face-to-face environment? Are you a sales-minded individual that thrives in a goal-oriented environment? Do you want to join a company that rewards employee performance with potential career advancement? If...
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...
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...
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...
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...
Loan Partner II/Loan Officer Assistant/Loan Processor Job Label:SF_LP - Yakima The Loan Partner II will oversee the origination, file management, communication, and revenue of the Loan Officer and Team. This position will be in direct communication with Clients, Realtors, Builders, and Business Partners. This position requires time management, precise verbal and written communication and have wo...
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 La Crosse, Wisconsin, wi...
Stability, growth, leadership …if you are seeking a future filled with opportunity then we would like to talk with you. NVR, Inc. (parent to Ryan Homes, NVHomes) is one of the largest homebuilding and mortgage banking companies in the nation. We are currently the most profitable US builder and we have generated the industry’s highest earnings per share growth rate over the last 10 years. Founded i...
Company Confidential Rockville, MD, 20850
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...
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 La Crosse 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 Green Bay area and we invite you to share in our success! ...
Northpointe Bank – Loan Officer Assistant Position Description The POWER of a CAREER! Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Retail Lending Team as a Loan Officer Assistant in the Indianapolis,Indiana branch. This position requires an individual who has the desire to make a difference within the organization. An exceptional ability to grasp n...
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 Eau Claire 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 Fond du Lac 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 Fond du Lac area and we invite you to share in our success...
Are you seeking a new career in a dynamic, challenging work environment where you have the ability to forge a great career? If you are experienced in sales, financial services or consumer lending and have a real talent for building relationships and networking, then we’d like to talk to you! Consumer Loan Officer We are currently seeking a Consumer Loan Officer to join our team. This person wil...
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...
Explore a company with competitive wages, excellent benefits and a dynamic corporate culture. We are currently seeking the following position to join our team of outstanding professionals: Mortgage Loan Officer -Generate first and second mortgage loan volume through outside business contacts as well as internal member inquiries. -Provide mortgage support to assigned branches, including applican...
Responsible for helping customers to achieve their mortgage financing goals. Consult with customer on their financing options, selection appropriate loan products and obtaining permanent single family mortgage loans, home equity loans and lines of credit through the Bank. In this process, responsible for generating Bank revenues through the sale of loan products and services. Responsible for ensur...

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Banking Career Tools

Loan Officer

Salaries

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

Education / Training

Bachelor's
43.5%
Some College Coursework Completed
19.3%
Master's
17.9%
Associates
9.9%
High School
5.4%
Professional
2.2%
(223 Respondents)
Source: Monster.com Careerbenchmarking Tool

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