Job Description: 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.
Is Loan Officer the right career path for you?
Take the MyMajors Quiz and find out if it fits one of your top recommended majors!
Median Annual Wage |
$84,490 |
Median Hourly Wage |
$40.62* |
Total Employed Nationally |
321,090 |
Source: Bureau of Labor Statistics May 2023 wage data and 2022-2032 employment projections. "Projected growth" represents the estimated change in total employment over the projections period (2022-2032). "Projected job openings" represent openings due to growth and replacement.