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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970 Loan Officer jobs found on Monster.

Jobs 1 to 20 of 970
Commercial Loan Officer Responsibilities As a Commercial Loan Officer, you’ll provide our customers with outstanding service giving them your full attention while making their business your top priority. You’ll originate, underwrite and service a portfolio of commercial banking relationships within the bank’s designated lending area. You will also cross sell and refer other banking services where...
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...
United Bay Community Credit Union, which opened it's doors in 1949, has over 20,000 members and continues to grow. We have 60 employees throughout the state of Michigan and are a state chartered credit union with original ties back to Chevrolet. We have an outstanding benefits package including paid vacation and personal days, 10 paid holidays, insurance plans including medical, dental, vision, an...
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...
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 enoug...
If you are an analytical and detail-oriented team player with experience in the banking industry and substantial financial knowledge, then join our team at Northwest Savings Bank – where people make the difference! We are seeking a personable and resourceful Loan Officer who will take the time to understand the needs of potential borrowers and recommend appropriate loan products to them. As a Loan...
Email resume and cover letter to: ***** EEO/AA LOAN OFFICER Beulah Branch FARM CREDIT SERVICES of MANDAN www.farmcreditmandan.com Click Image to View Ad provided by The Minot Daily News...
The NJEDA is looking to fill this position as a long-term temporary position to assist Hurricane Sandy disaster recovery for small business owners to receive financial aid. Responsible for the coordination and completion of various eligibility, pre approval, and post closing tasks associated with the review of loan applications under the Stronger New Jersey Loan Program. Provide secondary support...
Residential Loan Officers Sterling Bank & Trust, FSB is the largest independent California bank, located in San Francisco with $1 billion in assets, that provides expert financial solutions and services to our customers. Sterling has 18 branches in the San Francisco, California Bay Area. Founded in 1984, Sterling is a community based bank that is rapidly growing. We have immediate openings for Res...
About First Community Bank First Community Bank is a full service community bank. We have provided safety and service to customers and the Central Ohio community since 1903. First Community Bank is locally owned, offering a hands-on approach to our customers, the way only a community bank can offer. We offer a wide range of loan products including residential, construction, commercial, office, med...
Who we are: Guaranteed Rate is one of the ten largest retail mortgage lenders in the U.S. The company has become The Home Purchase Experts® by offering industry-leading self-service tools and low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Headquartered in Chicago with approximately 2,500 employees in 175 offices across the U.S. and licensed in...
Loan Officer – Hauppauge, NY About the Company: Since 1983, Embrace Home Loans, Inc. (formerly Advanced Financial Services) a Multi-Billion Direct Lender is excited to announce our Retail Branch expansion in Long Island. Headquartered in Newport, Rhode Island and employing over 500 people, Embrace currently originates business across 46 states. Embrace Awards & Recognitions Best Small & Medium Com...
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 for...
Join Us In Our Success! Are you looking for a new sales 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 for our member...
Join in our success! Are you seeking a new career challenge 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! Marine Credit Union is currently expanding its Consumer Lending presence in...
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...
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...
Agricultural Loan Officer Frontier Bank is seeking to add an Agricultural Loan Officer to its Rock Rapids banking team. If you're a good communicator, have proven sales skills and are a team player who likes to be involved in your community, we want to visit with you! Previous agricultural and sales experience a plus. Our company offers an excellent benefit package and much more. To apply, please...
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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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