Do you need a degree to be a loan assistant?

Question

Zippia Team · Accepted Answer

No, you do not need a degree to be a loan assistant. While there is no required degree type to work as a loan assistant, there are required licenses depending on the type of loan (e.g., mortgage).

Loan officer assistants typically come from backgrounds such as business, banking, economics, or finance. It is difficult to land an entry-level position with no experience or education. For this reason, it is recommended to have either an associate's degree or bachelor's degree in finance and or some previous work experience in a related field.

To become a loan officer assistant, you much have passed federal and state tests to be licensed to originate mortgage loans. A major reason for this is that a loan officer assistant must understand the mortgage loan and application process and must be qualified to speak with you about your loan.

It's often a loan officer assistant who is usually the main contact person to the client and is there to answer any questions or concerns a client may have.