Do you enjoy working with number and helping people’s dreams come true? Then you may want to look into becoming a Loan Officer. You’ll be helping people meet their financial dreams every day:
Here are some great lessons from the video:
- Most peoples dreams (such as a house, a car, or a college degree) cost more money than they have.
- Loan officers help people find the best way for people to borrow the money they need.
- They meet with applicants and analyze their credit, prop ownership, and debt to determine how much money the applicant can borrow.
- Some people lack sufficient financial history for a traditional loan. The counselor searches for alternatives and advises the applicant
- Loan counselors work in banks, colleges, mortgage firms or credit unions.
- This job requires math skills and attention to detail, as their jobs entail a lot of paperwork.
- They may help a client pay off debt or find a financial aid for college.
- Interactions can be tedious or frustrating at times, so a steady demeanor is helpful .
- You must be a good listener and explain complex issues simply.
- Loan officers usually have a college degree is finance, economics, or related fields.
- Computer skills are important, especially knowlegde of loan app progs.
If you like helping people and you’re good with numbers, you may be a perfect fit to become a loan counselor. If you want to know more, visit the Loan Officer Job Description section of our site.