DETAILED OCCUPATION DATA

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, and loan underwriters.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2013

					Percentiles
Geography	Employment	Emp SE*	Mean	Mean SE*	10th	25th	Median	75th	90th
EDR 2 - Headwaters	110	4	$31.82/hr	$3.20/hr	$20.10/hr	$24.09/hr	$32.17/hr	$40.40/hr	$44.07/hr
Minnesota	6,900	331	$32.60/hr	$0.78/hr	$18.21/hr	$22.37/hr	$29.55/hr	$40.59/hr	$50.95/hr
U S	286,670	3,440	$34.17/hr	$0.34/hr	$15.83/hr	$20.89/hr	$29.06/hr	$41.21/hr	$58.14/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.

Other Regional Data For Loan Officers Geography (click title for details) OES Projections Employment Median Wage % Change  -  EDR 11 - 7 County Twin Cities 4,260 $30.28/hr N/A EDR 10 - Southeast 450 $30.24/hr N/A EDR 7W- Central 370 $34.69/hr N/A EDR 9 - South Central 300 $28.94/hr N/A EDR 4 - West Central 240 $23.48/hr N/A EDR 3 - Arrowhead 230 $22.40/hr N/A EDR 8 - Southwest 200 $24.84/hr N/A EDR 7E- East Central 190 $27.68/hr N/A EDR 5 - North Central 190 $28.65/hr N/A EDR 6E- Southwest Central 120 $34.01/hr N/A EDR 2 - Headwaters 110 $32.17/hr N/A EDR 1 - Northwest 100 $31.85/hr N/A EDR 6W- Upper Minnesota Valley 70 $27.20/hr N/A

Related Occupations

Occupation (click title for details)	OES		Projections
	Employment	Median Wage	% Change  -
Billing and Posting Clerks and Machine Operators	210	$16.97/hr	N/A
New Accounts Clerks	N/A	N/A	N/A
Brokerage Clerks	N/A	N/A	N/A
Credit Analysts	N/A	N/A	N/A

• Analyzes applicant's financial status, credit, and property evaluation to determine feasibility of granting loan.
• Ensures loan agreements are complete and accurate according to policy.
• Submits application to credit analyst for verification and recommendation.
• Confers with underwriters to aid in resolving mortgage application problems.
• Arranges for maintenance and liquidation of delinquent property.
• Analyzes potential loan markets to develop prospects for loans.
• Supervises loan personnel.
• Negotiates payment arrangements with customers for delinquent loan balance.
• Petitions court to transfer title and deeds of collateral to bank.
• Computes payment schedule.
• Contacts applicant or creditors to resolve questions regarding application information.
• Approves loan within specified limits.
• Interviews applicant and requests specified information for loan application.
• Refers loan to loan committee for approval.