In 2024, making over $200,000 from home without a college degree is a real possibility, especially for those good with finances. Loan officers have snagged the second spot on Indeed’s list of top U.S. jobs, offering an attractive salary and increasing demand in the sector.
Loan officers earn an average of $192,339, according to Indeed’s data. These positions often include options to work remotely or with a hybrid schedule. About 75% of loan officer job postings on Indeed feature these flexible work arrangements.
Loan officers assist individuals and businesses in securing loans. They review financial documents and guide applicants through the loan process.
There’s a growing demand for loan officers in various sectors, including real estate, education, and e-commerce, due to economic pressures and a challenging housing market. Scott Dobroski from Indeed notes that despite banks being cautious about loans amid recession fears, the demand for loans, like mortgages, remains strong. “Loans will always be needed, even if the market shifts,” says Dobroski.
