Also called: Loan Underwriter
Reviews home loan applications and decides whether the bank should approve them.
You review 8 loan files a day, verify income, question a large unexplained deposit and approve or deny each one.
Approximate: anchored on Bureau of Labor Statistics data for a broader job group.
High school diploma, about 2 years after high school. High school diploma or bachelor's; experience as a loan processor.
Ways in: On-the-job training, 4-year college. Training cost: Under $15k.
Majors to look at: Finance.
Shrinking. Automated underwriting is reducing demand.
High risk for 10 years. Fannie and Freddie automated systems plus AI document reading already decide most files; humans review only the hard exceptions.
Classes: Accounting, Personal finance, Algebra II, Computer applications.
Official data: O*NET occupation 13-2072.
Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.