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Loan Officer

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AVG. SALARY

$93,020

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

What To Learn

High School

What high school courses should you take if you're interested in this career? Get your answers from the Finance cluster Banking Services pathway.

Beyond High School

Here's a list of programs that you should consider if you're interested in this career:

Education Level

Education training and experience are required at different levels for success in different occupations.

Bachelor's degree

Loan officers typically need a bachelor's degree and on-the-job training. Mortgage loan officers must be licensed.

Extra Requirements

Mortgage loan officers must have a Mortgage Loan Originator (MLO) license, which must be renewed annually, and individual states may have additional requirements. Several banking associations, including the American Bankers Association and the Mortgage Bankers Association, as well as a number of schools, offer courses, training programs, or certifications for loan officers.

For additional information, visit these websites:

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

Support