Occupations/13-2072.00
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.
Usually a four-year bachelor’s degree.
AI automation risk
69%
Higher automation risk
Human characteristics
54%
Balanced human and task mix
Task orientation
59%
Mixed exposure
A day in this job
- Task
Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Task
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Task
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
These are core tasks from O*NET. The wording didn’t clearly split routine from human, so they are listed without that label.
Core tasks
- 01Meet with applicants to obtain information for loan applications and to answer questions about the process.
- 02Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- 03Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- 04Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- 05Submit applications to credit analysts for verification and recommendation.
- 06Review loan agreements to ensure that they are complete and accurate according to policy.
Model drivers (O*NET 1–5)
- Repeating same tasks3.45
- Degree of automation3.20
- Time sitting4.61
- Originality (ability)2.12
- Conflict situations3.19
- Hands-on objects/tools3.39
- Outdoors / weather1.92
- Disease exposure1.37
- Decision freedom4.43
Top abilities
- Written Comprehension4.00
- Oral Expression4.00
- Oral Comprehension4.00
- Written Expression3.88
- Near Vision3.88
- Speech Recognition3.75
- Speech Clarity3.75
- Problem Sensitivity3.75
Essential skills
- Reading Comprehension3.88
- Active Listening4.00
- Writing3.38
- Speaking4.00
- Mathematics3.25
- Science1.00
- Critical Thinking3.75
- Active Learning3.12
- Learning Strategies2.75
- Monitoring2.88
CIP matches
Schools offering related programs
12 of 67 shown
Earnings are College Scorecard medians for that program, 1 and 2 years after completion. A dash means the Department suppressed the cell or the campus is not in the field file.
| Institution | Program | Tuition | Admit | Grad 6-yr | Earnings |
|---|---|---|---|---|---|
Massachusetts Institute of Technology Cambridge, MA · Private nonprofit | Finance, General 52.0801 | $60,100 | 4% | 96% | 1 yr $101,964 2 yr $88,198 Master's · CIP 52.08 |
Georgetown University Washington, DC · Private nonprofit | Finance, General 52.0801 | $65,400 | 12% | 95% | 1 yr $92,505 2 yr $85,538 Bachelor's · CIP 52.08 |
Boston University Boston, MA · Private nonprofit | Finance, General 52.0801 | $65,200 | 14% | 89% | 1 yr $91,744 2 yr $84,653 Master's · CIP 52.08 |
New York University New York, NY · Private nonprofit | Finance, General 52.0801 | $60,400 | 12% | 88% | 1 yr — 2 yr $84,653 Bachelor's · CIP 52.08 |
Northeastern University Boston, MA · Private nonprofit | Finance, General 52.0801 | $63,200 | 7% | 91% | 1 yr $75,413 2 yr $75,518 Bachelor's · CIP 52.08 |
Howard University Washington, DC · Private nonprofit | Finance, General 52.0801 | $33,200 | 53% | 65% | 1 yr $73,852 2 yr $72,214 Bachelor's · CIP 52.08 |
University of Southern California Los Angeles, CA · Private nonprofit | Finance, General 52.0801 | $68,200 | 12% | 92% | 1 yr $72,671 2 yr $74,576 Master's · CIP 52.08 |
The University of Texas at Austin Austin, TX · Public | Finance, General 52.0801 | $11,700 | 31% | 88% | 1 yr $72,588 2 yr $70,680 Bachelor's · CIP 52.08 |
University of Illinois Urbana-Champaign Champaign, IL · Public | Finance, General 52.0801 | $17,500 | 45% | 85% | 1 yr $71,619 2 yr $71,935 Bachelor's · CIP 52.08 |
University of Washington-Seattle Campus Seattle, WA · Public | Finance, General 52.0801 | $12,600 | 48% | 84% | 1 yr $64,672 2 yr $63,898 Bachelor's · CIP 52.08 |
Pennsylvania State University-Main Campus University Park, PA · Public | Finance, General 52.0801 | $19,600 | 55% | 86% | 1 yr $63,972 2 yr $65,013 Bachelor's · CIP 52.08 |
University of Wisconsin-Madison Madison, WI · Public | Finance, General 52.0801 | $11,200 | 49% | 89% | 1 yr $63,228 2 yr $65,029 Bachelor's · CIP 52.08 |