Loan Consultant Career

Career Description

A person who needs in-depth detailed knowledge on loan applications, eligibility, comparison of banks, etc will primarily approach a loan consultant. A loan consultant provides his or her expertise in dealing with cases related to loans and advances and help their clients choose the best loan options from several banks offering loan advances. A loan consultant may operate his own service or may work as part of a bigger organization.

How to become a Loan Consultant:

To become a loan consultant, candidates should learn the basics and have detailed knowledge in the stream of banking and finance especially focusing in topics like loans and advances. Candidates who have pursued their post graduation in MBA with finance as the specialization would be an ideal choice for the employers for the post of a loan consultant.

Loan Consultant career courses, training, programs:

There are many courses and training programs that help the students get equipped with all the relevant skills and knowledge like knowledge in banking, analytical skills, etc to be able to perform the roles and responsibilities of a loan consultant well.

Loan Consultant career schools/colleges, education:

Various colleges and universities are located all over the United States that teach courses in banking and finance in graduation and post graduation. Students can refer to the following list of top choices.

Top 5 colleges/universities:

Strayer University

Southern New Hampshire University

South University Online

Walden University

Westwood College

Loan Consultant job opportunities, salaries, recruitment:

Candidates who want to work as loan consultants can work either independently or in any organization. Popular industries that are in the lookout for good loan consultants are banking, mortgage lending, financial institutions, loans and credit product companies, financial services, mortgage lending, mortgage banking, etc. It is generally expected by employers that the candidates possess at least 1-4 years of relevant experience in the field of banking. According to the salary estimates of National Salary data and released by Pay Scale, the annual compensation of a loan consultant ranges from $26,000 to $97,000 with the median salary being about $63,000 per year approximately.

Category: Banking Careers

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