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Loan Underwriters

Outlook

Employment for loan officers (a career category that includes loan underwriters) will grow about as fast as the average for all careers from 2014 to 2024, according to the U.S. Department of Labor. After a decline during the Great Recession, business lending is on the upswing as companies that postponed borrowing funds for expansion and other needs during the recession seek out loans. The number of consumer loans is also increasing as more consumers purchase homes, new cars, and other big-ticket items that require loans. Employment may slow as a result of the automation of some tasks performed by loan underwriters and industry consolidation.

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