How To Become A Consumer Loan Officer: What It Is and Career Path

What is a consumer loan officer and how to become one

Updated January 8, 2025

3 min read

There is more than meets the eye when it comes to being a consumer loan officer. For example, did you know that they make an average of $40.68 an hour? That's $84,607 a year! Between 2018 and 2028, the career is expected to grow 4% and produce 12,600 job opportunities across the U.S.

ScoreConsumer Loan OfficerUS Average

Salary

6.6

Avg. Salary $84,607

Avg. Salary $59,228

Stability level

7.3

Growth rate 4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.48%

Asian 6.48%

Black or African American 9.37%

Hispanic or Latino 15.56%

Unknown 4.65%

White 63.46%

Gender

female 51.08%

male 48.92%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress level

7.3

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a consumer loan officer

Explore consumer loan officer education requirements

Most common consumer loan officer degrees

Bachelor's

66.1 %

Associate

16.8 %

High School Diploma

8.2 %

Start to develop specific consumer loan officer skills

Skills	Percentages
Financial Statements	7.30%
Financial Services	6.84%
Outbound Calls	6.25%
Consumer Loan Applications	6.23%
Phone Calls	6.02%

Complete relevant consumer loan officer training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New consumer loan officers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a consumer loan officer based on U.S. Bureau of Labor Statistics data and data from real consumer loan officer resumes.

Research consumer loan officer duties and responsibilities

Coordinate loans, manage daily operation of loan origination, processing, follow up and closings.
Manage a multifacete commercial real estate investment firm.
Execute loan origination process, to include ordering and evaluating credit reports, appraisals and preliminary title reports.
Ensure compliance with lending laws, RESPA, HMDA, and TIL etc.

Prepare your consumer loan officer resume

When your background is strong enough, you can start writing your consumer loan officer resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a consumer loan officer resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable consumer loan officer resume templates

Build a professional consumer loan officer resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your consumer loan officer resume.