Loan Officers
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.
At a Glance
Loan Officers earns a median of $74,180/yr with +1.7% projected growth. Typical entry: Bachelor's degree. Top skills: Customer and Personal Service, Evaluating Information to Determine Compliance with Standards, Getting Information.
$74,180/yr
+1.7%
20
Bachelor's degree
Skills & Requirements
Skills (9)
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Being aware of others' reactions and understanding why they react as they do.
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Knowledge (6)
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Abilities (12)
The ability to listen to and understand information and ideas presented through spoken words and sentences.
The ability to read and understand information and ideas presented in writing.
The ability to communicate information and ideas in speaking so others will understand.
The ability to communicate information and ideas in writing so others will understand.
The ability to apply general rules to specific problems to produce answers that make sense.
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
The ability to choose the right mathematical methods or formulas to solve a problem.
Technology (9)
Work Activities (21)
Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
Observing, receiving, and otherwise obtaining information from all relevant sources.
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
Developing constructive and cooperative working relationships with others, and maintaining them over time.
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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.
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.
Keeping up-to-date technically and applying new knowledge to your job.
Developing specific goals and plans to prioritize, organize, and accomplish your work.
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
Assessing the value, importance, or quality of things or people.
Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
Translating or explaining what information means and how it can be used.
Encouraging and building mutual trust, respect, and cooperation among team members.
Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
Work Styles (1)
A tendency to be reliable, responsible, and consistent in meeting work-related obligations.
Careers with Overlapping Skills
These occupations share the most skills. A career transition between them means many of your skills transfer directly.
Credit Analysts
Business and Financial Operations · 214 shared skills
Software Quality Assurance Analysts and Testers
Computer and Mathematical · 200 shared skills
Sales Managers
Management · 198 shared skills
Computer User Support Specialists
Computer and Mathematical · 198 shared skills
Management Analysts
Business and Financial Operations · 198 shared skills
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive
Office and Administrative Support · 198 shared skills
Human Resources Specialists
Business and Financial Operations · 198 shared skills
Bookkeeping, Accounting, and Auditing Clerks
Office and Administrative Support · 197 shared skills
Explore Key Skills
Frequently Asked Questions
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