Total Employment

308,370

Hourly Wage (avg)

$36.64

Annual Wage (avg)

$76,200

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.

Snapshot

SOC Code 13-2072 - Loan Officers is a a final level code of the “Business and Financial Operations Occupations” Major Occupation Category. There are 308,370 total employees classified in this occupation in the USA, with an average Hourly Wage of $36.64 and average Annual Wage of $76,200.

Occupation Examples

  • Branch Lending Officer
  • Commercial Lender
  • Loan Analyst
  • Loan Officer
  • Loan Reviewer
  • Real Estate Loan Officer

Career Video for "Loan Officers"

This video is designed to provide information about "Loan Officers" and includes details on the career, career cluster, industry, work options, and abilities.

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