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Imminent Risk (81-100%): Occupations in this level have an extremely high likelihood of being automated in the near future. These jobs consist primarily of repetitive, predictable tasks with little need for human judgment.
More information on what this score is, and how it is calculated is available here.
Our visitors have voted that it's probable this occupation will be automated. This assessment is further supported by the calculated automation risk level, which estimates 83% chance of automation.
What do you think the risk of automation is?
What is the likelihood that Loan Officers will be replaced by robots or artificial intelligence within the next 20 years?
The following graph(s) are included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.
Sentiment over time (yearly)
The number of 'Loan Officers' job openings is expected to rise 3.5% by 2032
Total employment, and estimated job openings
Updated projections are due 09-2023.
In 2022, the median annual wage for 'Loan Officers' was $65,740, or $31 per hour
'Loan Officers' were paid 42.0% higher than the national median wage, which stood at $46,310
Wages over time
As of 2022 there were 345,550 people employed as 'Loan Officers' within the United States.
This represents around 0.23% of the employed workforce across the country
Put another way, around 1 in 427 people are employed as 'Loan Officers'.
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
SOC Code: 13-2072.00
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