Loan Officer Education

Overview of mortgage broker loan processor loan officer professions.

Loan officer education. You must generally have a bachelor s degree in finance economics or a related field to work as a loan officer. There are currently no specific licensing requirements for loan officers working in banks or credit unions but licensing requirements for loan officers who work in mortgage banks or brokerages can vary by state they must generally have a mortgage loan. How long does it take to become a loan officer.

You can trust the quality of our training. Loan officers typically need a bachelor s degree usually in a field such as business or finance. In some cases candidates with previous experience in banking or sales might be considered for a position without a postsecondary degree.

Some specialized loan officers called loan underwriters. Some banks and mortgage companies require loan officers to hold a bachelor s degree so it can about four years to qualify for these jobs. Loan officer training convenient affordable and everything you need for your education and training view classes products mortgage broker training 4 8 stars at trustlink.

Loan officers who seek certification must meet requirements for experience and education and pass a certification exam. Representatives of banks credit unions and other financial institutions that find and assist borrowers in acquiring loans. We offer nmls licensing education learn more about the requirements for your state.

Because commercial loan officers analyze the finances of businesses applying for credit they need to understand general business accounting including how to read financial statements.