What is a Loan Representative

There is more than meets the eye when it comes to being a Loan Representative. For example, did you know that they make an average of $19.52 an hour? That's $40,608 a year!

Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.

What Does a Loan Representative Do

There are certain skills that many Loan Representatives 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 Communication skills, Math skills and Organizational skills.

Learn more about what a Loan Representative does

How To Become a Loan Representative

If you're interested in becoming a Loan Representative, one of the first things to consider is how much education you need. We've determined that 47.0% of Loan Representatives have a bachelor's degree. In terms of higher education levels, we found that 4.1% of Loan Representatives have master's degrees. Even though most Loan Representatives 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 Representative. When we researched the most common majors for a Loan Representative, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Loan Representative resumes include High School Diploma degrees or Diploma degrees.

You may find that experience in other jobs will help you become a Loan Representative. In fact, many Loan Representative jobs require experience in a role such as Customer Service Representative. Meanwhile, many Loan Representatives also have previous career experience in roles such as Cashier or Teller.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

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

  1. Citigroup Jobs (16)
  2. JPMorgan Chase & Co. Jobs (58)
  3. Commerce Bancshares Jobs (8)
  4. People's United Bank Jobs (19)
  5. Sallie Mae Jobs (46)
Average Salary
$40,608
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
88,691
Job Openings
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Loan Representative Career Paths

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Average Salary for a Loan Representative

Loan Representatives in America make an average salary of $40,608 per year or $20 per hour. The top 10 percent makes over $56,000 per year, while the bottom 10 percent under $29,000 per year.
Average Salary
$40,608
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How much should you be earning as an Loan Representative? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.
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5 Loan Representative Resume Examples

Learn How To Write a Loan Representative Resume

At Zippia, we went through countless Loan Representative resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Loan Representative Resume Examples And Templates

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

  1. Citigroup Jobs (16)
  2. JPMorgan Chase & Co. Jobs (58)
  3. Commerce Bancshares Jobs (8)
  4. People's United Bank Jobs (19)
  5. Sallie Mae Jobs (46)

Choose From 10+ Customizable Loan Representative Resume templates

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

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Loan Representative Resume

Loan Representative Demographics

Loan Representative Gender Statistics

female

65.1 %

male

34.9 %

Loan Representative Ethnicity Statistics

White

67.5 %

Hispanic or Latino

17.6 %

Black or African American

7.5 %

Loan Representative Foreign Languages Spoken Statistics

Spanish

60.5 %

Portuguese

4.9 %

German

4.9 %
Job Openings

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Loan Representative Education

Loan Representative Majors

36.0 %
9.6 %

Loan Representative Degrees

Bachelors

47.0 %

Associate

21.1 %

High School Diploma

20.1 %

Top Colleges for Loan Representatives

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
Job Openings

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Online Courses For Loan Representative That You May Like

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Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...

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Top Skills For a Loan Representative

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, 25.0% of Loan Representatives listed Loan Portfolio on their resume, but soft skills such as Communication skills and Math skills are important as well.

1. Texas

Total Loan Representative Jobs:
3,226
Highest 10% Earn:
$74,000
Location Quotient:
1.08
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. West Virginia

Total Loan Representative Jobs:
249
Highest 10% Earn:
$73,000
Location Quotient:
1.11
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. Arizona

Total Loan Representative Jobs:
1,187
Highest 10% Earn:
$64,000
Location Quotient:
1.38
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 Loan Representatives

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Top Loan Representative Employers

Most Common Employers For Loan Representative

RankCompanyZippia ScoreAverage Loan Representative SalaryAverage Salary
1$61,249
2$56,740
3$51,098
4$50,602
5$49,294
6$46,921

Loan Representative Videos