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This question is about loan officer jobs.
Are loan officers in demand?
Yes, loan officers are in demand. While other fields in preparing loans are holding steady, demand for loan officers is expected to grow.
This is largely due to the boom in housing purchases over the past year that has caused significant growth in the demand for qualified loan officers.
Despite the unprecedented impacts of COVID-19 on the global economy and job market, loan officers are still in high demand. In particular, there is a strong need for loan officers who work with mortgage providers as the housing market experiences unique trends amid the pandemic.
With home prices holding steady even in an uncertain economy, along with record-low mortgage rates and a nationwide migration to the suburbs, the demand for housing loans (and the services of loan officers) is growing.
Loan officers have been one of the highest growth job categories in the past year and are expected to hold steady over the next few years. The employment of loan officers is projected to grow over the next decade.
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