There is more than meets the eye when it comes to being a loan broker. For example, did you know that they make an average of $77.09 an hour? That's $160,346 a year!
Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.
There are certain skills that many loan brokers 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.
When it comes to the most important skills required to be a loan broker, we found that a lot of resumes listed 19.2% of loan brokers included financial statements, while 18.1% of resumes included loan portfolio, and 16.7% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
If you're interested in becoming a loan broker, one of the first things to consider is how much education you need. We've determined that 44.4% of loan brokers have a bachelor's degree. In terms of higher education levels, we found that 13.3% of loan brokers have master's degrees. Even though most loan brokers 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 loan broker. When we researched the most common majors for a loan broker, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on loan broker resumes include master's degree degrees or associate degree degrees.
You may find that experience in other jobs will help you become a loan broker. In fact, many loan broker jobs require experience in a role such as loan officer. Meanwhile, many loan brokers also have previous career experience in roles such as account executive or vice president.
Tell us your goals and we'll match you with the right jobs to get there.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a loan broker can determine their career goals through the career progression. For example, they could start out with a role such as owner, progress to a title such as owner/manager and then eventually end up with the title director, inside sales.
Tell us your goals and we'll match you with the rights job to get there.
Use Zippia's Salary Calculator to see how your pay matches up.
Hispanic or Latino
Black or African American
High School Diploma
Philadelphia, PA • Private
Evanston, IL • Private
Los Angeles, CA • Private
Vestal, NY • Public
Villanova, PA • Private
San Diego, CA • Public
Waltham, MA • Private
Boston, MA • Private
Stony Brook, NY • Public
New York, NY • Private
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, 19.2% of loan brokers listed financial statements on their resume, but soft skills such as detail oriented and initiative are important as well.