Loan Officers
SOC 13-2072 · 2024-2034
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.
How the U.S. Department of Labor describes this work. Published in English only.
Shrinking -2.6%
California projects this job will shrink over the next ten years. Fewer openings may mean a harder search.
The job this trains for
- Typical pay in California
- $83,142per year
- Projected openings
- 16,320
- Projected change
- -2.6%
- Usually needs
- Bachelor's degree
Skills this work uses most
O*NET, the U.S. Department of Labor's occupation database, rates how important each of these is to this work, and they are listed in that order, most important first. The ratings themselves are not shown, because the data carries the number without the scale it was measured on. The names are as published, in English.
- Speaking
- Active Listening
- Judgment and Decision Making
- Reading Comprehension
- Critical Thinking
- Writing
Pay by region
| Region | Typical pay in California | Projected openings |
|---|---|---|
| San Francisco-San Mateo-Redwood City MD (San Francisco and San Mateo Counties) | $98,171 | 1,030 |
| Salinas MSA (Monterey County) | $97,739 | 60 |
| San Rafael MD (Marin County) | $93,922 | 120 |
| Oakland-Fremont-Berkeley MD (Alameda and Contra Costa Counties) | $92,811 | 810 |
| Los Angeles-Long Beach-Glendale MD (Los Angeles County) | $83,645 | 4,190 |
| San Jose-Sunnyvale-Santa Clara MSA (San Benito and Santa Clara Counties) | $83,510 | 1,020 |
| El Centro MSA (Imperial County) | $81,850 | 30 |
| Anaheim-Santa Ana-Irvine MD (Orange County) | $80,658 | 3,950 |
| Santa Maria-Santa Barbara MSA (Santa Barbara County) | $80,241 | 120 |
| Vallejo MSA (Solano County) | $79,772 | 130 |
| Sacramento-Roseville-Folsom MSA (El Dorado, Placer, Sacramento, and Yolo Counties) | $79,243 | 1,050 |
| San Diego-Chula Vista-Carlsbad MSA (San Diego County) | $79,222 | 1,440 |
| Stockton-Lodi MSA (San Joaquin County) | $79,171 | 130 |
| Riverside-San Bernardino-Ontario MSA (Riverside and San Bernardino Counties) | $79,120 | 1,280 |
| North Coast Region (Del Norte, Humboldt, Lake, and Mendocino Counties) | $78,825 | 70 |
| Napa MSA (Napa County) | $78,428 | 50 |
| Yuba City MSA (Sutter and Yuba Counties) | $76,992 | 50 |
| San Luis Obispo-Paso Robles MSA (San Luis Obispo County) | $75,555 | 100 |
| North Valley-Northern Mountains Region (Colusa, Glenn, Lassen, Modoc, Nevada, Plumas, Sierra, Siskiyou, Tehama, and Trinity Counties) | $75,515 | 50 |
| Santa Rosa-Petaluma MSA (Sonoma County) | $74,618 | 160 |
| Fresno MSA (Fresno and Madera Counties) | $74,496 | 280 |
| Redding MSA (Shasta County) | $73,895 | 50 |
| Chico MSA (Butte County) | $72,663 | 70 |
| Bakersfield-Delano MSA (Kern County) | $71,461 | 240 |
| Merced MSA (Merced County) | $68,069 | 90 |
| Modesto MSA (Stanislaus County) | $68,069 | 140 |
| Santa Cruz-Watsonville MSA (Santa Cruz County) | $66,643 | 60 |
| Visalia MSA (Tulare County) | $64,576 | 140 |
| Oxnard-Thousand Oaks-Ventura MSA (Ventura County) | $63,465 | 670 |
| Hanford-Corcoran MSA (Kings County) | $53,341 | 20 |
Similar work
O*NET, the U.S. Department of Labor's occupation database, names these as occupations involving work similar to this one — its own reading of the job, not a grouping by code. They keep O*NET's order, and only those California publishes a projection for are shown.
| The job this trains for | Typical pay in California | Projected openings | Projected change |
|---|---|---|---|
| Loan Interviewers and Clerks | $58,656 | 10,410 | -6% |
| Credit Analysts | $99,502 | 2,580 | -9.4% |
| Credit Counselors | $68,246 | 1,690 | +4.2% |
| Personal Financial Advisors | $132,516 | 28,210 | +9.4% |
| Securities, Commodities, and Financial Services Sales Agents | $80,456 | 41,030 | -1% |
| Financial Managers | $183,803 | 84,770 | +16.3% |