Loan Officers for Dummies | What You Need To Know In 15 Slides
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CAREER 101 FOR DUMMIES
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Transcript of Loan Officers for Dummies | What You Need To Know In 15 Slides
LOAN OFFICERS
CAREER 101
FOR DUMMIES
WHAT THEY DOLoan Officers evaluate, authorize, or recommend
approval of commercial, real estate, or credit loans.
WHAT ELSE THEY DOThey advise borrowers on financial status and
payment methods. They also analyze applicants'
financial status, credit and property evaluations to
determine feasibility of granting loans.
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SALARYAverage salary: $75,170 per year
Hourly wage: $36.14 per hour
Source: bls.gov
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"Choose a job you love andyou'll never have to work
a day in your life."- Confucius
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PROS #1Perfect if you are someone who is
organized and likes to follow procedures
and routines
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PROS #2Suitable for people who values
relationships between coworkers andcustomers and wants to work in a
friendly non-competitive environment
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CONS #1There are more suitable careers out
there if you are an artistic and creativeperson who likes to work with designs
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CONS #2Long working hours. You typically work
more than 40 hours per week
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I LOVE MY JOB!74% of them said they were satisfied with their
job and 53% said they feel like their job is
making other people’s lives better.
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SHOULD I BE ONEPeople who are suitable for this job tends to like
following set procedures and routines. They like
working with data and details more than with
ideas.
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HOW TO BE ONE32% of Loan Officers said they
had a Bachelors Degree
20% of them hold a High School Diploma
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WANT MORE ?You can find the full career info including:
How long does it take to be one
"Should I Be One" career quiz
What their typical day looks like
Click here: Everything you need to know about this career
Click here: Find a career or college that is right for you
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WHO ARE WEOwlGuru.com is the largest career and college
finder website. We help you to find a career and
college that is right for you.
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