Occupation Profile

Industries Employing

Loan Officers
(SOC Code : 13-2072)
in Orange County

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Include mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Employers are usually looking for candidates with a Bachelor's degree .

Orange County is part of the Anaheim-Santa Ana-Irvine MD, which includes Orange and Anaheim-Santa Ana-Ir counties.
Occupational Wages[Top]
AreaYearPeriodHourly MeanHourly by Percentile
Anaheim-Santa Ana-Irvine MD20221st Qtr$35.41$17.78$30.17$39.73
Data for Orange County are not available. Data for Anaheim-Santa Ana-Irvine MD has been substituted.

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Occupational Projections of Employment (also called "Outlook" or "Demand")[Top]
 AreaEstimated Year-Projected YearEmploymentEmployment ChangeTotal Job Openings
Orange County 2018 - 20287,5008,35085011.37,480

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Job Openings from JobCentral National Labor Exchange[Top]
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Possible Licenses Required and Issuing Authority[Top]
License Title
License Authority
Escrow AgentDepartment of Business Oversight
Division of Corporations
Mortgage Lending Unit
Mortgage Loan OriginatorDepartment of Business Oversight
Division of Corporations
Mortgage Lending Unit
California Finance Lender LawDepartment of Business Oversight
Division of Corporations
Mortgage Lending Unit
California Residential Mortgage Lending ActDepartment of Business Oversight
Division of Corporations
Mortgage Lending Unit

About Licenses

Industries Employing This Occupation (click on Industry Title to View Employers List)[Top]
Industry Title
Number of Employers in Orange County
Percent of Total
Employment for Occupation in State of California
Depository Credit Intermediation 74331.3%
Nondepository Credit Intermediation 2,06830.9%
Activities Rel to Credit Intermediation 24614.9%
Automobile Dealers 8886.7%
Management of Companies and Enterprises 7396.2%
Activities Related to Real Estate 5271.7%
Security & Commodity Investment Activity1171.0%

About Staffing Patterns

Training Programs (click on title for more information)[Top]
Program Title
Credit Management
Finance, General

About Training & Apprenticeships

About This Occupation (from O*NET - The Occupation Information Network)[Top]
Top Tasks (Specific duties and responsibilities of this job.)
Analyze applicants` financial status, credit, and property evaluations to determine feasibility of granting loans.
Obtain and compile copies of loan applicants` credit histories, corporate financial statements, and other financial information.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Review loan agreements to ensure that they are complete and accurate according to policy.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Handle customer complaints and take appropriate action to resolve them.
Stay abreast of new types of loans and other financial services and products to better meet customers` needs.
Review and update credit and loan files.
Submit applications to credit analysts for verification and recommendation.

More Tasks for Loan Officers

Top Skills used in this Job
Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking - Talking to others to convey information effectively.
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Service Orientation - Actively looking for ways to help people.
Social Perceptiveness - Being aware of others` reactions and understanding why they react as they do.
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.

More Skills for Loan Officers

Top Abilities (Attributes of the person that influence performance in this job.)
Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
Speech Clarity - The ability to speak clearly so others can understand you.

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Top Work Values (Aspects of this job that create satisfaction.)
Relationships - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment.
Independence - Occupations that satisfy this work value allow employees to work on their own and make decisions.

More WorkValues for Loan Officers

Top Interests (The types of activities someone in this job would like.)
Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

More Interests for Loan Officers

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