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JOB OUTLOOK FOR MORTGAGE LOAN OFFICERS

Over the decade, employment is projected to drop two percent to about , The median annual salary as of May was $41, Most of your job. According to the Bureau of Labor Statistics Occupational Outlook Handbook, job growth is projected at 8% for Loan Officers (and many positions within the field). In , loan officer ranked as the #13 best business job and #73 best job in America according to the US News & Global Report. The job comes with its perks. The projected loan officer job growth rate is 4% from · About 12, new jobs for loan officers are projected over the next decade. · Loan officer. The latest monthly employment estimates for nondepository home lenders and loan brokers rebounded in October and rose year-to-year, reversing a downward trend.

Because this job has a high satisfaction rate, Best Business Jobs ranks this profession at #8 in , based on a range of factors like salary, future growth. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters. SOC (Standard Occupational Classification). According to the Bureau of Labor Statistics, loan officer jobs will continue to experience significant growth in the near future. The BLS projects an 11%. Job Growth Trend According to the BLS employment opportunities for loan officers should grow by 11 percent between and This is due to expected. Employment of loan officers is projected to grow 11 percent from to , faster than the average for all occupations. Although the demand for loan. Loan officers typically need a bachelors degree, usually in a field such as business or finance. Because commercial loan officers analyze the finances of. is shaping up to be a "make or break" year for mortgage loan officers. The decisions you make and the strategies you employ in the coming. The BLS reports that loan officer jobs are slated to grow by 3% from to , about as fast as the average for all occupations. The projected growth rate. If you're short-staffed and your mortgage loan officers are swamped, you probably want to hire the right person quickly. It's helpful to start with a good. The U.S. Bureau of Labor Statistics reported that, from to , job growth for loan officers was expected to increase at a rate of four percent, which is. Prospects for loan officers should improve over the coming decade as lending activity rebounds from the recent recession. Job opportunities should be good for.

The projected loan officer/loan processor job growth rate is 4% from · About 12, new jobs for loan officers/loan processor are projected over the. The Bureau of Labor Statistics projects % employment growth for loan officers between and In that period, an estimated 10, jobs should open up. What is the job outlook for a loan officer? The bureau of labor statistics projects loan officers to have an above-average job growth rate of 8% between According to the Bureau of Labor Statistics, loan officer jobs will continue to experience significant growth in the near future. The BLS projects an 11%. Occupational Employment and Wages, May Loan Officers. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Employment is expected to increase by %. Education Level: Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have. Employment of loan officers is projected to grow 3 percent from to , about as fast as the average for all occupations. About 25, openings for loan. Occupational Employment and Wages, May Loan Officers. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. 15 votes, 88 comments. M subscribers in the RealEstate community. real estate investing landlords landlord borrowing lending mortgages.

Right now many lenders are laying off support staff. Why? Because they aren't processing nearly as many loans with the increasing rates. (The average growth rate for all occupations is 7 percent.) Licenses/Certifications: Mortgage loan officers must have a Mortgage Loan Originator (MLO) license. Demand for commissioned mortgage loan officers will grow about as fast as employment opportunities in general, according to the Bureau of Labor Statistics. The. Mortgages put roofs over heads and restaurants in business. Learn how to become a mortgage loan officer for a rewarding career in a vital industry. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers. Sample of reported job.

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