Loan officers evaluate and authorize personal and business loans. They are typically required to hold a bachelor’s degree in a related field such as business or finance. Work experience as a bank teller, bookkeeper, or customer service representative is valued. Most positions provide on-the-job training. Some specialties require licensure, such as the Mortgage Loan Originator (MLO) license. Demand is not expected to change over the next decade. The use of branch banks is in decline, but businesses and individuals will continue to seek credit for purchases.
If you enjoy helping others finance their dreams, maybe you're interested in loan officer jobs. Glassdoor can help you find them with job search filters for local loan officer positions and remote jobs.
Are you new to the profession? You'll want to use Glassdoor's search filters to find entry-level and junior loan officer vacancies. If you have more experience, search specifically for senior-level roles. Target your search even more by looking for just full-time or only part-time positions, depending on your preferred availability.
Once the search is over and you have interviews pending, you'll need to prepare. Generic advice on interviewing isn't as effective as guidance customized to your desired job. Glassdoor's sample interview questions and answers for loan officers provide practice material with profession-specific content.
As a loan officer, you'll evaluate others' financial statuses and needs, but don't forget to take care of your own during salary negotiations. Doing some groundwork can help you determine what constitutes a fair salary. These tips can help:
Next to salary, most job seekers consider benefits to be one of the most important parts of a job offer. Benefits and perks are part of the total salary package. Generally, these are some common benefits to expect from a loan officer job: