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How hard is it to become a loan officer?

By Zippia Team - Nov. 15, 2022

It is not hard to become a loan officer, although there are skills and qualifications required to be successful. There are no formal education requirements, which typically allow for easy entrance into this field of work. It is important to note that there are some companies that do seek employees who hold bachelor's degrees in business or a related field.

To be prepared and ready to start a career as a loan officer, you must be sure you are licensed if you live in a state that requires licensure to practice. Oftentimes, licensing is a relatively quick process and includes pre-licensure education and a required exam to pass. Most states now require some sort of licensing or be a loan officer.

Another essential piece of becoming a loan officer is finding a company to work with, as this is where you will find the crucial on-the-job training. A background in sales is always beneficial, but it is not required as most of your skill set will be learned through work experience.

The job of a loan officer is great because it is something that requires very little experience but allows for tons of growth and financial knowledge throughout your career.

How hard is it to become a loan officer?

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