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.
Interests
- Conventional
- Enterprising
- Social
Work Values
- Relationships
- Independence
- Support
Work Styles
- Integrity
- Dependability
- Cooperation
- Attention to Detail
- Adaptability/Flexibility
Tasks
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Submit applications to credit analysts for verification and recommendation.
Work Activities
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Establishing and Maintaining Interpersonal Relationships
- Analyzing Data or Information
- Processing Information
Detailed Work Activities
- Observing, receiving, and otherwise obtaining information from all relevant sources.
- Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
- Developing constructive and cooperative working relationships with others, and maintaining them over time.
- Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Analyzing information and evaluating results to choose the best solution and solve problems.
- Developing specific goals and plans to prioritize, organize, and accomplish your work.
Technology Skills
- Data base user interface and query software
- Video conferencing software
- Financial analysis software
- Accounting software
- Enterprise resource planning ERP software
Abilities
- Oral Comprehension
- Oral Expression
- Written Comprehension
- Near Vision
- Written Expression
Skills
- Active Listening
- Speaking
- Judgment and Decision Making
- Reading Comprehension
- Critical Thinking
Knowledge
- Customer and Personal Service
- Economics and Accounting
- English Language
- Mathematics
- Sales and Marketing
Most Common Education Level
The “Most Common Education Level” refers to the level of education held by the majority of workers in a given occupation. For example, if the highest percentage of workers in a role have an Associate’s Degree, that suggests this is the typical educational requirement. Knowing this helps you plan how many years of education you may need to pursue that career.
Certificates
Certificate name
Accredited Mortgage ProfessionalCertifying Organization
Mortgage Bankers Association of America
Type
Core
Certificate name
Certified Senior Mortgage ExaminerCertifying Organization
Conference of State Bank Supervisors
Type
Advanced
Certificate name
Certified Chartered Portfolio ManagerCertifying Organization
American Academy of Financial Management
Type
Advanced
Certificate name
Commercial Certified Mortgage ServicerCertifying Organization
Mortgage Bankers Association of America
Type
Core
Certificate name
Certified Senior Mortgage ExaminerCertifying Organization
Education Foundation of State Bank Supervisors
Type
Advanced
Income Percentile
The income percentiles show how earnings are distributed within a profession. The 10th percentile means that 10% of workers earned less than that amount. The median (50th percentile) indicates that half of workers earned more, and half earned less. The 90th percentile reflects what the top 10% of earners in the field make.
| Income Percentile | Annual Income |
|---|---|
| Low (10%) | $43,195 |
| Median (50%) | $66,452 |
| High (90%) | $130,080 |
Income by Experience
This table shows how income typically grows with experience—from entry level (0–2 years), to mid-level (3–5 years), to senior level (6–8 years), to expert level (8+ years).
| Experience | Income |
|---|---|
Entry Level  | $61,830 |
| Mid Level | $86,861 |
| Senior Level | $104,388 |
| Expert Level | $137,431 |
Employability
There are currently 334,100 jobs in this career path. Over the next 10 years, that number is expected to increase to 338,700 positions, reflecting a projected growth of 1%.
The Projected Job Growth figure refers to the expected increase or decrease in employment within a specific career field over a certain period of time.
Projected Job Growth of 1%
Related Careers
The career information and data on this site incorporates information from O*NET Web Services, Lightcast, CareerOneStop, and the U.S. Bureau of Labor Statistics (BLS). For more details regarding the data sources and the specific information sourced, click here.
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