Loan Officers — Career Decision Dashboard
United States
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Report generated from official BLS OEWS and O*NET data — United States.
Median annual wage
$76,690
United States, 2025
Employment
274,330
United States, 2025
Typical education
Bachelor's Degree
Job Zone 4
Skills identified
35
10 related careers
Career overview
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.
- O*NET code
- 13-2072.00
- Job zone
- 4
- Experience required
- Over 4 years, up to and including 6 years
Typical tasks
- Review billing for accuracy.
- 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.
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Submit applications to credit analysts for verification and recommendation.
- Review loan agreements to ensure that they are complete and accurate according to policy.
- Review and update credit and loan files.
Choose a location
Salary analysis — United States
10th percentile
$39,430
25th percentile
$52,730
75th percentile
$104,080
90th percentile
$153,180
Most important skills
- Active Listening4.0
- Speaking4.0
- Judgment and Decision Making3.9
- Reading Comprehension3.9
- Critical Thinking3.8
- Writing3.4
- Mathematics3.3
- Social Perceptiveness3.3
- Complex Problem Solving3.3
- Time Management3.1
- Active Learning3.1
- Service Orientation3.0
What skills do you need?
Select the skills you already have
Skills listed are those O*NET rates at importance 3.0 or above for this occupation. Set your own level on the same 0–7 O*NET scale.
Skill coverage
0%
0 of 12 identified skills
Matched
0
Missing
12
Your selected skills cover approximately 0% of the skills identified for this occupation in O*NET. This is a coverage measure of listed skills only — it is not a qualification, hiring or interview outcome.
Skills to develop
| Skill | Importance | Required level | Your level | Gap |
|---|---|---|---|---|
| Active Listening | 4.0 | 4.0 | Not selected | 4.0 |
| Speaking | 4.0 | 4.0 | Not selected | 4.0 |
| Reading Comprehension | 3.9 | 4.0 | Not selected | 4.0 |
| Judgment and Decision Making | 3.9 | 3.9 | Not selected | 3.9 |
| Critical Thinking | 3.8 | 4.0 | Not selected | 4.0 |
| Writing | 3.4 | 3.9 | Not selected | 3.9 |
| Service Orientation | 3.0 | 3.5 | Not selected | 3.5 |
| Mathematics | 3.3 | 3.1 | Not selected | 3.1 |
| Complex Problem Solving | 3.3 | 3.1 | Not selected | 3.1 |
| Time Management | 3.1 | 3.3 | Not selected | 3.3 |
| Social Perceptiveness | 3.3 | 3.0 | Not selected | 3.0 |
| Active Learning | 3.1 | 3.1 | Not selected | 3.1 |
Ordered by required level gap multiplied by O*NET importance. No prediction or recommendation is implied.
Related careers
Supplemental
National median $49,230
Compare with Loan OfficersSupplemental
National median $50,670
Compare with Loan OfficersHow salary varies by location
| Location | Median | Employment | Year |
|---|---|---|---|
| Enid, OK | $104,990 | 40 | 2025 |
| Bridgeport, CT | $103,850 | 560 | 2025 |
| Boston, MA | $103,400 | 3,420 | 2025 |
| San Francisco, CA | $103,000 | 3,330 | 2025 |
| Minneapolis, MN | $102,200 | 3,910 | 2025 |
| MA | $101,600 | 4,470 | 2025 |
| New York, NY | $101,570 | 10,350 | 2025 |
| Des Moines, IA | $101,190 | 650 | 2025 |
| Lawrence, KS | $100,480 | 80 | 2025 |
| Denver, CO | $100,130 | 1,970 | 2025 |
| Wichita, KS | $99,170 | 700 | 2025 |
| New Haven, CT | $98,930 | 230 | 2025 |
| Iowa City, IA | $98,630 | 120 | 2025 |
| Fort Collins, CO | $98,450 | 160 | 2025 |
| Rochester, MN | $98,110 | 170 | 2025 |
| Washington, DC | $97,800 | 5,000 | 2025 |
| Lincoln, NE | $97,770 | 420 | 2025 |
| Corvallis, OR | $97,340 | 70 | 2025 |
| Lewiston, ME | $96,990 | 100 | 2025 |
| Amherst Town, MA | $96,540 | 90 | 2025 |
Career transition paths
Compare the skills of a career you hold today with Loan Officers to see shared skills, target-only skills and skill overlap.
Build a transition comparisonCareer and skills data: O*NET 31.0.
Salary and employment data: U.S. Bureau of Labor Statistics, OEWS, 2025 (May 2025 release).
Figures are periodic published survey snapshots, not real-time market rates.