Loan Officers
Finance and Human Services · Banking Services
Pay and outlook shown for
New workers start near $34,380; experienced workers reach $124,040. About 1,510 people do this job in San Antonio-New Braunfels, TX.
Job outlook
Alamo region (San Antonio and 12 surrounding counties), Texas Workforce Commission projection 2024 to 2034; U.S. figures from the BLS.
- Employment change
- +12.8%
- Openings a year
- 156
- Employed in 2024
- 1,914
Typical entry education: Bachelor's degree · Experience: Less than 5 years · Training: Moderate-term on-the-job training
Alamo Colleges programs that lead here
No program is mapped to this career yet. Many careers start from a transfer pre-major or a related program.
Browse all programsSkills this career uses
The skills O*NET rates most important for the job, with how much of each the work needs on a 1 to 7 scale.
- Active Listening4.0
- Speaking4.0
- Reading Comprehension4.0
- Judgment and Decision Making3.9
- Critical Thinking4.0
- Writing3.9
- Mathematics3.1
- Complex Problem Solving3.1
What the work is
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.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 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.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
- Review and update credit and loan files.
Education people in this job have
Share of workers by highest education, from O*NET surveys. It shows what others did, not what you must do.
- High school or less6%
- Some college13%
- Associate degree11%
- Bachelor's degree70%
Job zone 4, considerable preparation: Usually a bachelor's degree, sometimes a strong associate plus experience.
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