Loan Officers in Battle Creek, Michigan
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.
Career Projections for Battle Creek, Michigan
Loan Officers on average make:
$58,240 ($28.00/hour).
The number of positions in Battle Creek, Michigan are:
76
and by 2028 that number is projected to:
decrease to 69.
We predict that due to job growth or retirements there will be approximately:
5 every year.
The typical education needed to enter this job is:
a bachelor’s degree.
The typical training needed after hire is:
long-term on-the-job training.
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Other Job Titles
Agricultural Loan Officer, Bank Officer, Bank Representative, Banking Services Officer, Branch Banker, Branch Lending Officer, Business Banker, Business Banking Officer, Commercial Banker, Commercial Lender
Technology/Skills
Microsoft Excel, Microsoft Office software, Microsoft Outlook
Tools Used
10-key calculators, Autodialers, Desktop computers, Notebook computers, Personal computers, Personal digital assistants PDA, Scanners, Tablet computers
Tasks
- Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
- Meet with applicants to obtain information for loan applications and to answer questions about the process.
- Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Personality
Integrity, Dependability, Cooperation, Attention to Detail, Adaptability/Flexibility, Initiative, Stress Tolerance, Analytical Thinking, Self-Control, Persistence
Certifications, Licenses, or Training
Certifications (CareerOneStop) Certifications (MyNextMove) Licenses Training
More Details About this Occupation
Helpful Resources
CareerOneStop
CareerOneStop is sponsored by the U.S. Department of Labor, Employment, and Training Administration. It’s a one-stop shop for career exploration, training, and jobs. There is also a Skills Matcher available.
PathFinder
An online career planning tool to help Michigan residents get high-quality, in-demand degrees, and credentials.
MyFuture
Helps young adults plan their next steps in life by bringing together the most recently available information about colleges, careers, and military service opportunities.
Creative Ladder
Creative Ladder is a 501(c)(3) nonprofit that works to make creative careers more accessible and inclusive.