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Significant Information: Loan Counselors and Officers
- Loan officer positions generally require a bachelor’s degree in finance, economics, or a related field; training or experience in banking, lending, or sales is advantageous.
- Average employment growth is expected for loan officers despite rising demand for loans, because technology is making loan processing and approval simpler and faster.
- Earnings often fluctuate with the number of loans generated, rising substantially when the economy is good and interest rates are low.
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