Mortgage and Loan Education

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Loan Officer Schools

Written by Dana Hinders
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Even in states where there are no official loan officer licensing requirements, employers prefer individuals with formal training in this aspect of the banking field. Loan officer schools can provide job seekers with the skills they'll need to get succeed in this profession. There are programs available to fit every career goal, learning style, and budget.

Types of Loan Officer Schools

Most loan officers specialize in one particular type of loan, such as consumer, mortgage, or commercial loans. The majority of loan officer schools provide training that prepares job seekers for a career as a mortgage loan officer. Some loan officer schools also provide continuing education training and advanced courses designed for experienced loan officers seeking the credentials they'll need to advance to higher level positions.

Loan officer schools deliver their courses in several different formats. Some schools provide traditional classroom-based instruction, while others offer distance learning opportunities in the form of print or web-based correspondence courses. Distance learning can be beneficial for students who don't live near an appropriate training program or are unable to attend traditional courses because of other commitments. However, distance learning requires a great deal of discipline and can be difficult for students who learn best through interaction with their classmates and instructor.

Prices for loan officer training programs can vary substantially, but cost alone shouldn't be the deciding factor when choosing a career training program. Some loan officer schools provide loans or other forms of financial assistance to their students. Cost is also sometimes an indicator of a school's quality, with more expensive programs providing more hands-on instruction and career placement assistance than their lower-priced counterparts.


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