Loan Officer Job Description: Salary, Duties, Skills

A loan officer is someone who works on behalf of a bank or a private business. They often are part of the evaluation process to determine whether or not a loan should be given to a commercial entity or person. For example, a commercial loan officer is someone who works as part of a bank issuing larger sized loans. While a loan officer who works as part of a mortgage group might be issuing home mortgages to a consumer.

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Loan Officer Job Description Sample

Here’s an example of a good Loan Officer job description:

We are seeking to hire Loan Officers who have a good grasp of what good credit and risk looks like. Our Loan Officers are a vital part of the process when it comes to issuing loans. They are part of the business or personal analysis team and are the last line of defense in terms of the institution issuing a potentially risky loan.

Loan Officer Salary

A Loan Officer salary and pay looks roughly like the following:

The US National Average for a Loan Officer is roughly $94,150. Loan Officers can absolutely earn commissions and annual bonuses for the number of loans they issue and what quality of loans those are.

Loan Officer Job Description For Resume

A Loan Officer position may have a description similar to this one in an executive summary, professional summary, or resume:

Previous experience in financial institutions that deal with lending. Comfortable with both commercial and consumer-related loan issuing. A firm believer in analysis.

Loan Officer Skills

In this section, you’re detailing what skill requirements you have for the candidate’s role as a Loan Officer. These skills have more to do with how they’ll perform on the job, as well as other skills that will support their position.

Loan Officer Duties & Responsibilities

Duties and responsibilities will change from company to company. However, you must be including the core details regarding this position in this section. That way, there’s no confusion regarding the candidate’s expectations.

Loan Officer Requirements

Use this section for diving further into detail regarding the requirements you have for this job regarding education, certifications, and other experience. If you have specific computer or software background requirements, list them here as well.

Loan Officer Job Description
author: patrick algrim
About the author

Patrick Algrim is an experienced executive who has spent a number of years in Silicon Valley hiring and coaching some of the world’s most valuable technology teams.

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