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Role hub · Loan Officers

Loan Officer: what the job is, what it pays, and how to get hired.

The work, the skills that matter, the tools in demand and the pay range, from U.S. government data, plus every TryHired page for the role.

Maid DizdarevicCareer coach · 8x LinkedIn Top Voice
Updated Oct 24, 2026 · Data: BLS OEWS May 2025 · O*NET 31.0
Pay ladder · select a percentile
Median percentile pay

Half of loan officers earn more than this and half earn less.

Annual
$76,690
Hourly
$36.87
Source
BLS May 2025
Quick answer

Loan Officers evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. The median pay is $76,690 a year ($36.87 an hour) (BLS, May 2025). The most commonly reported education requirement is a bachelor's degree (69% of workers surveyed by O*NET).

Median pay
$76,690
BLS May 2025
Employed in the U.S.
274,330
BLS May 2025
Preparation
Job Zone 4 of 5
considerable preparation
Most common education
Bachelor's Degree
69% of workers
Explore the role

Every page for Loan Officers

SalaryLoan Officer salary

Pay by percentile, state and metro, with a negotiation script.

Open →How to becomeLoan Officer how to become

Education, training and the skills to build first.

Open →ResumeLoan Officer resume

Keywords, bullet formulas and the skills to prove.

Open →Free toolCheck your resume

Parsed text, evidence per bullet, fixes first.

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The work

What loan officers do day to day

Data Core tasks rated most important by workers in the role (O*NET).

  1. Meet with applicants to obtain information for loan applications and to answer questions about the process.
  2. Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  3. Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
  4. Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
  5. Submit applications to credit analysts for verification and recommendation.
  6. Review loan agreements to ensure that they are complete and accurate according to policy.
  7. Review and update credit and loan files.
  8. Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Skills that matter

Ranked by importance to the job

Data O*NET importance ratings. The first three are core.

Active ListeningcoreSpeakingcoreJudgment and Decision MakingcoreReading ComprehensionCritical ThinkingWritingSocial PerceptivenessComplex Problem SolvingMathematics

Knowledge areas: Customer and Personal Service, Economics and Accounting, English Language, Mathematics, Sales and Marketing, Law and Government.

Tools and technology

Software loan officers use

Data Examples reported for the role; employer demand flags from O*NET.

  • 1003 Uniform Residential Loan ApplicationFinancial analysis software
  • Amortization loan softwareFinancial analysis software
  • Bankers Systems Rembrandt Lending SystemFinancial analysis software
  • CGI-AMS BureauLink EnterpriseInformation retrieval or search software
  • CGI-AMS CACS EnterpriseFinancial analysis software
  • CGI-AMS StrataFinancial analysis software
  • California Infinite LPSFinancial analysis software
  • Calyx PointFinancial analysis software
  • Click1003 Online Mortgage ApplicationFinancial analysis software
  • Credit and risk analysis softwareFinancial analysis software
  • Credit fraud detection softwareFinancial analysis software
  • Credit underwriting softwareFinancial analysis software

Also called: Mortgage Loan Officer, Commercial Banker, Commercial Loan Officer, Corporate Banking Officer, Financial Aid Advisor, Financial Aid Counselor, Financial Aid Officer.

Method

How this page is built

Tasks, skills, tools, education and related roles come from O*NET 31.0. Pay and employment come from the BLS OEWS May 2025 national estimates. The skill-match score is our calculation: Skill match is the correlation between the two occupations' skill profiles: for each of 35 O*NET skills (10 essential, 25 transferable) we multiply importance by level, subtract the average across all occupations, and correlate the two profiles. 100 means identical shape; 0 or below means unrelated. Only occupations that O*NET itself lists as related are compared.

What this page can't tell you
  • How a specific employer defines the job.
  • Pay for self-employed workers (OEWS covers employees).
  • Your own chances: data describes the occupation, not you.
Sources
  1. O*NET 31.0 Database, U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. TryHired selected, ranked and combined the data; O*NET is not responsible for these pages.
  2. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates (public domain).