Loan Officers and Counselors

Employment for loan officers and counselors is expected to grow about as fast as the average for all occupations through 2018, according to the U.S. Department of Labor. The recent economic crisis has caused a large number of banks to close or be taken over by other banks or the Federal Deposit Insurance Corporation. Additionally, high unemployment rates have made the public wary of taking on unnecessary financial obligations such as car or home loans. This has resulted in fewer employment opportunities for loan officers and counselors. Since most loan officers work on commission, the decline in the real estate market has reduced earnings in the field.

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