Loan Officer

A loan officer is a financial professional who specializes in helping people obtain loans. They work with borrowers to determine their financial needs and goals, and then help them find the right loan product for their situation. Loan officers also work with lenders to negotiate the best possible terms for their clients.

Loan officers typically have a bachelor's degree in finance or a related field. They also have experience working in the lending industry. Loan officers must be licensed by the state in which they work.

The duties of a loan officer include:

* Qualifying borrowers for loans
* Explaining loan terms and conditions to borrowers
* Negotiating with lenders on behalf of borrowers
* Closing loans
* Servicing loans after they are closed

Loan officers work in a variety of settings, including banks, credit unions, and mortgage companies. They typically work full-time, and their hours may vary depending on the needs of their clients.

Loan officers earn a median salary of $63,000 per year. However, their salaries can vary depending on their experience, education, and the type of loans they work with.

Loan officers are an important part of the financial services industry. They help people achieve their financial goals by providing them with access to credit.