They should be sensitive to their clients' needs. Counselors should be able to work independently or as part of a team. This job can be stressful because some people become angry when they do not qualify for a loan. Loan officers may travel to inspect property to visit potential borrowers. Loan officers often use computers to process information.
Loan officers are busiest when interest rates are low.
Wages vary with training and experience. Entry level wages may be lower. How loan officers are paid depends on the lending institution. Some banks offer salary plus commission. The commission is an incentive to increase the number of loans processed.