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Job outlook for loan auditors in the United States
Loan auditor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan auditor job growth rate is -3% from 2018-2028.
About -38,500 new jobs for loan auditors are projected over the next decade.
Loan auditor salaries have increased 7% for loan auditors in the last 5 years.
There are over 11,798 loan auditors currently employed in the United States.
There are 26,869 active loan auditor job openings in the US.
The average loan auditor salary is $37,716.
Are loan auditor jobs in demand?
Loan auditor job and salary trends over time
Loan auditor jobs over time
Loan auditor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 11,798 | 0.00% |
| 2020 | 10,141 | 0.00% |
| 2019 | 10,342 | 0.00% |
| 2018 | 10,972 | 0.00% |
| 2017 | 11,197 | 0.00% |
Average loan auditor salary over time
Loan auditor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $37,716 | $18.13 | +1.8% |
| 2025 | $37,051 | $17.81 | +1.9% |
| 2024 | $36,367 | $17.48 | +2.1% |
| 2023 | $35,610 | $17.12 | +1.1% |
| 2022 | $35,218 | $16.93 | +2.4% |
Loan auditor jobs by state
Most common states for loan auditors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 114 | 16% |
| 2 | Minnesota | 5,576,606 | 523 | 9% |
| 3 | Arizona | 7,016,270 | 540 | 8% |
| 4 | Colorado | 5,607,154 | 430 | 8% |
| 5 | Rhode Island | 1,059,639 | 83 | 8% |
| 6 | Delaware | 961,939 | 77 | 8% |
| 7 | North Dakota | 755,393 | 64 | 8% |
| 8 | Wyoming | 579,315 | 47 | 8% |
| 9 | Iowa | 3,145,711 | 229 | 7% |
| 10 | Utah | 3,101,833 | 226 | 7% |
| 11 | Maine | 1,335,907 | 87 | 7% |
| 12 | Montana | 1,050,493 | 72 | 7% |
| 13 | South Dakota | 869,666 | 65 | 7% |
| 14 | Florida | 20,984,400 | 1,210 | 6% |
| 15 | Illinois | 12,802,023 | 794 | 6% |
| 16 | North Carolina | 10,273,419 | 598 | 6% |
| 17 | Georgia | 10,429,379 | 579 | 6% |
| 18 | Missouri | 6,113,532 | 396 | 6% |
| 19 | Nebraska | 1,920,076 | 106 | 6% |
| 20 | Vermont | 623,657 | 38 | 6% |
Most common cities for loan auditors
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Sioux Falls | 1 | 1% | $34,190 |
Loan Auditor job outlook: Expert opinions
Our panel of loan auditor experts
University of Louisiana at Lafayette
Bucknell University
University of Georgia
Insurance Information Institute
What Loan Auditor skills would you recommend for someone trying to advance their career?
Dr. Kelly Green: Education and Certificates pull a lot when determining the salaries and positions offered. Quite simply higher degrees and relevant certifications will lead to higher salaries. Aside from that, gaining experience and staying up to date with salary trends in your particular field of accounting will allow you to explore new opportunities with higher salaries.
What will help Loan Auditors increase their earning potential?
Dr. Kelly Green: I would say taking advantage of networking to build relationships with professionals in the accounting field. At our university for example we typically host multiple events in which students are able to engage with the professional community and create relationships that land them jobs, this seems especially true if students intend on becoming auditors. For a town the size of Lafayette (not tiny but certainly not Houston), it's a pretty tight knit community, many of the firms tend to know each other, this includes who is working for them so reputation is fantastic to build.
Also, make certain to attain some sort of professional certification, while CPA's are typically most desirable a CMA may give a new professional an advantage when seeking opportunities. Similarly, if there is a region you would like to wind up, specialize in an industry that is prevalent where you would like to practice.
Stacy Mastrolia Ph.D.
Associate Professor of AccountingBucknell University
Freeman College of Management
What are the biggest trends we'll see in the Loan Auditor job market given the pandemic?
Stacy Mastrolia Ph.D.: I expect to see employers continue to screen candidates and conduct interviews remotely. This really emphasizes the need for job candidates to develop an impressive professional online appearance and demeanor. Judging from how students appear in remote class meetings, some students really need to work on this. There are plenty of online sources that talk about lighting, camera position and staged backgrounds to help a job candidate put their best foot forward in an online interview. And, of course, candidates should get rid of any distractions (like their phones) and stay focused on the interview - even though their computer is open, an interview is not the time to multi-task.
During the job interview, I expect hiring managers will try to evaluate a candidate's ability to innovate with technology. Job candidates should inquire what technology an employer uses to accomplish their day-to-day work and then be proactive and familiarize themselves with those programs or apps before their first day at their new job. Also, I think we will see hiring managers evaluating a candidate's ability to work independently and to work in virtual teams. In this case, most current students should be able to point to specific projects, assignments, and activities that they successfully completed during the past year as most students have experienced some level of remote learning. Candidates who can demonstrate effective collaboration in a remote environment will be highly valued by employers.
Robert Hoyt, Ph.D.
Department Head and Dudley L. Moore Jr. Chair of InsuranceUniversity of Georgia
Risk Management and Insurance Program
Will there be an enduring impact of the coronavirus pandemic on Loan Auditors?
Robert Hoyt, Ph.D.: I think it is clear that the working environment and the necessary skills in insurance have been impacted by the pandemic in ways that will persistent. In some cases it has accelerated trends that were already underway (e.g., increased use of technology, expanded use of remote work, digital strategies). In other cases it has presented a business case for the importance of business resilience and the opportunities to interact with customers and business partners in new and efficient ways. The good news for our graduates is that opportunities in insurance will continue to grow in number and quality and emerging graduates who are digital natives will be perfectively positioned to help organizations embrace these new ways of doing business.
What type of skills will young Loan Auditors need?
Janet Ruiz: The mathematical mind, meet the meaningful purpose (Liberty Mutual). Underwriters are the heart of the insurance process, gathering and researching pertinent information and then, using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. Underwriters are more than just analysts - they are the core relationship builders with agents and clients. They are responsible for managing a profitable portfolio of business by distributing agents and brokers. An underwriting career includes a dynamic blend of analytical and marketing skills. Research, Analytics, Communications, Relationship Building, Marketing.