What is the career path for a loan officer?

For example, many loan officers start working for larger companies, which in turn helps them grow their salaries. They stay as loan officers but advance through switching companies. Some loan officers advance by staying at the same company and moving towards becoming senior loan officers, which is a title given with experience.

There are some adjacent careers that loan officers may decide to pivot towards, such as becoming account executives. Account executives typically do not work in mortgages beforehand but more so on the commercial side of loans.

From there, you could move into leadership, such as becoming a sales director. These may require additional education.

Many management positions are also available for loan officers looking to further their careers or branch out. You could become an operations supervisor in the financial department or even an office manager who oversees the work of other loan officers. These also all have growth opportunities in more senior management positions.