Loan officers evaluate and process credit and loan applications.
Loan officers evaluate and process credit and loan applications. You may work for banks, trust companies, credit unions and other financial institutions.
Generally, loan officers:
This job requires:
College or University
This job requires
2 - 5
years of work experience.
As a loan officer, you need to:
Source: Ontario Skills Passport
You need to communicate in person, on the phone and in writing with supervisors, co-workers and clients. You need to network and persuade clients to buy loan and credit services. You need to use tact and diplomacy with clients who do not repay their loans.
You need to have good computer skills because most banks use computerized financial systems.
The work prospects for this job are:
The average hourly wage for this job is:
These links will give you a list of related educational programs or where you can search for them. There may be other schools that have similar programs, such as private career colleges. You may be able to get advanced standing.
Here is a list of some bridging programs. These programs can help you assess your education and skills, get practical training or improve your language skills so that you can work in your field.
Here is a list of some language training programs, such as Occupation-Specific Language Training (OSLT).
Many college programs and bridging programs in this field include co-operative (co-op) work experience.
The data in this profile is provided for informational purposes only. Some of the information may have changed since this profile was written. Please check the source for the most up-to-date information.