What is a Branch Lending Officer

Branch lending officers evaluate and authorize approval of business, real estate, or credit loans. They are specialists at evaluating the financial status of a loan applicant. Duties include updating account records and reviewing loan files. They work for commercial banks, mortgage companies, or credit unions.

Some of the functions that they perform include meeting with loan applicants to identify their needs and collect information for loan applications, analyzing active loan files on a regular basis and recommending solutions to speed up the loan process, preparing detailed lending proposals, and operating in compliance with laws and regulations. Qualifications include a bachelor's degree in finance or similar field along with at least three years of experience as a loan officer or a related capacity. Moreover, a solid understanding of local, state, and federal loan regulations is also required. Essential skills include interpersonal, computer, communication, and customer service.

The average hourly salary for the position is $29.19, which amounts to $60,723 annually. The career is expected to grow in the near future and create new opportunities across the United States.

There is more than meets the eye when it comes to being a Branch Lending Officer. For example, did you know that they make an average of $39.85 an hour? That's $82,892 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Branch Lending Officer Do

There are certain skills that many Branch Lending Officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Detail oriented, Initiative and Interpersonal skills.

Learn more about what a Branch Lending Officer does

How To Become a Branch Lending Officer

If you're interested in becoming a Branch Lending Officer, one of the first things to consider is how much education you need. We've determined that 72.9% of Branch Lending Officers have a bachelor's degree. In terms of higher education levels, we found that 9.8% of Branch Lending Officers have master's degrees. Even though most Branch Lending Officers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Branch Lending Officer. When we researched the most common majors for a Branch Lending Officer, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Branch Lending Officer resumes include Associate Degree degrees or High School Diploma degrees.

You may find that experience in other jobs will help you become a Branch Lending Officer. In fact, many Branch Lending Officer jobs require experience in a role such as Branch Manager. Meanwhile, many Branch Lending Officers also have previous career experience in roles such as Loan Officer or Teller.

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And if you’re looking for a job, here are the five top employers hiring now:

  1. Citigroup Jobs (14)
  2. loanDepot Jobs (5)
  3. JPMorgan Chase & Co. Jobs (8)
  4. Santander Consumer USA Jobs (2)
  5. East Boston Savings Bank Jobs (3)
Average Salary
$82,892
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
75,880
Job Openings
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Average Salary for a Branch Lending Officer

Branch Lending Officers in America make an average salary of $82,892 per year or $40 per hour. The top 10 percent makes over $139,000 per year, while the bottom 10 percent under $49,000 per year.
Average Salary
$82,892
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Choose From 10+ Customizable Branch Lending Officer Resume templates

Zippia allows you to choose from different easy-to-use Branch Lending Officer templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Branch Lending Officer resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Branch Lending Officer Demographics

Branch Lending Officer Gender Statistics

male

60.0 %

female

40.0 %

Branch Lending Officer Ethnicity Statistics

White

67.6 %

Hispanic or Latino

15.0 %

Black or African American

8.4 %

Branch Lending Officer Foreign Languages Spoken Statistics

Spanish

35.7 %

French

14.3 %

Mandarin

9.5 %
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Branch Lending Officer Education

Branch Lending Officer Majors

32.9 %
21.0 %

Branch Lending Officer Degrees

Bachelors

72.9 %

Masters

9.8 %

Associate

8.2 %

Top Colleges for Branch Lending Officers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
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Top Skills For a Branch Lending Officer

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 18.6% of Branch Lending Officers listed Business Relationships on their resume, but soft skills such as Detail oriented and Initiative are important as well.

Best States For a Branch Lending Officer

Some places are better than others when it comes to starting a career as a Branch Lending Officer. The best states for people in this position are Florida, Maryland, Delaware, and New York. Branch Lending Officers make the most in Florida with an average salary of $90,181. Whereas in Maryland and Delaware, they would average $89,671 and $88,734, respectively. While Branch Lending Officers would only make an average of $82,751 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Florida

Total Branch Lending Officer Jobs:
2,959
Highest 10% Earn:
$137,000
Location Quotient:
1.49
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Maryland

Total Branch Lending Officer Jobs:
932
Highest 10% Earn:
$142,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Rhode Island

Total Branch Lending Officer Jobs:
188
Highest 10% Earn:
$142,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Branch Lending Officers

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Top Branch Lending Officer Employers

Most Common Employers For Branch Lending Officer

RankCompanyZippia ScoreAverage Branch Lending Officer SalaryAverage Salary
1$127,079
2$98,110
3$87,503
4$81,962
5$81,405
6$80,613