Occupation Profile

Loan Counselors

(SOC Code : 13-2071)

in California

Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.

Employers are usually looking for candidates with a Bachelor's degree .

Occupational Wages

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Area	Year	Period	Hourly Mean	Hourly by Percentile
				25th	Median	75th
California	2012	1st Qtr	$21.91	$17.54	$20.94	$25.45

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Occupational Projections of Employment (also called "Outlook" or "Demand")

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Area	Estimated Year-Projected Year	Employment		Employment Change		Annual Avg Openings
		Estimated	Projected	Number	Percent
California	2010 - 2020	4,200	5,100	900	21.4	210

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Job Openings from JobCentral National Labor Exchange

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Enter a Zip Code Find a Zip code in California

Within miles of Zip Code.

Industries Employing This Occupation (click on Industry Title to View Employers List)

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Industry Title

Number of Employers in State of California

Percent of Total
Employment for Occupation in State of California

Junior Colleges

171

24.5%

Colleges and Universities

1,979

18.6%

Nondepository Credit Intermediation

14,062

7.9%

Activities Rel to Credit Intermediation

2,371

6.7%

Depository Credit Intermediation

9,651

6.6%

Other Professional & Technical Services

22,725

4.5%

Land Subdivision

2,627

1.9%

General Medical and Surgical Hospitals

1,393

1.6%

About Staffing Patterns

Training Programs (click on title for more information)

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Program Title

Banking and Financial Support Services

Credit Management

Financial Planning and Services

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About This Occupation (from O*NET - The Occupation Information Network)

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Top Tasks (Specific duties and responsibilities of this job.)

Check loan agreements to ensure that they are complete and accurate, according to policies.

Refer loans to loan committees for approval.

Approve loans within specified limits.

Submit applications to credit analysts for verification and recommendation.

Analyze applicants` financial status, credit, and property evaluations to determine feasibility of granting loans.

Interview applicants and request specified information for loan applications.

Establish payment priorities according to credit terms and interest rates to reduce clients` overall costs.

Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.

Maintain current knowledge of credit regulations.

Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.

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Top Skills used in this Job

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Speaking - Talking to others to convey information effectively.

Social Perceptiveness - Being aware of others` reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others` actions.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Learning Strategies - Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Instructing - Teaching others how to do something.

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Top Abilities (Attributes of the person that influence performance in this job.)

Speech Clarity - The ability to speak clearly so others can understand you.

Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.

Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

Written Comprehension - The ability to read and understand information and ideas presented in writing.

Speech Recognition - The ability to identify and understand the speech of another person.

Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.

Oral Expression - The ability to communicate information and ideas in speaking so others will understand.

Near Vision - The ability to see details at close range (within a few feet of the observer).

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Top Work Values (Aspects of this job that create satisfaction.)

Relationships - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment.

Achievement - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment.

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Data for Interests not available.

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