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How to Become a Loan Processor

How to Become a Loan Officer

A loan officer is a person who originates a loan from the loan company. The loan officer will help you obtain a loan from the loan company they work for. This career field does not require a degree but it helps with obtaining the position. This article will instruct you on how to become a loan officer.

How To Become A Loan Officer




  1. Take finance, economic or a related field to earn a degree at a college or university. Companies look for applicants with a degree first.


  2. If you are not able to earn a degree, work for banks to move up the ladder.


  3. Market yourself by giving out business cards to family, friends, and anyone who may need a loan officer.


  4. Take technology-based courses to become computer literate. Loan officers will do a lot of their work on the computer.


  5. Join a network of real estate agents, mortgage brokers, and loan processors. These groups of people depend on each other. You may be able to get business contacts from the group.